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Thursday, October 18, 2012

Reuters Money: Jobless claims rise sharply

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10/18/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Jobless claims rise sharply
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, reversing a sharp decline in the prior week but still pointing to a labor market that is slowly healing.
Analysis: How long can Google's shares stay airborne?
NEW YORK/SAN FRANCISCO (Reuters) - Google Inc's shares have clung tenaciously near record highs after a three-month, 30 percent rally fueled by rising optimism about Internet advertising, but Wall Street fears it may be running out of steam.
Man Group client withdrawals hinder fightback
LONDON (Reuters) - Hedge fund manager Man Group Plc has suffered a net withdrawal of client funds for a fifth straight quarter as its struggle to revive its fortunes is hit by poor returns from its main fund.
Morgan Stanley posts higher adjusted earnings
(Reuters) - Morgan Stanley on Thursday reported better-than-expected adjusted earnings for the third quarter as it boosted revenue from trading bonds, long a sore spot for the investment bank.
Housing starts surge in positive sign for economy
WASHINGTON (Reuters) - Groundbreaking on new homes surged in September to its fastest pace in more than four years, a sign the housing sector's budding recovery is gaining traction and supporting the wider economic recovery.
Exclusive: Och-Ziff hedge fund looks to exit landlord business
NEW YORK (Reuters) - One of the first big hedge funds to try to profit from a rebound in the U.S. housing market by investing in foreclosed homes is looking to cash out, even as other institutional investors are still getting in.
Helicopters' faint whirring heard in UK: James Saft
(Reuters) - It is one thing when commentators burble on about the possibility of outright central bank financing of deficits, it is quite another when a viable candidate to lead the Bank of England is reported to be thinking along these lines.
Ex-Swiss banker may be helping U.S. in tax probe: lawyers
(Reuters) - A former Swiss banker accused of helping rich Americans dodge taxes may be cooperating with a broad U.S. government investigation of Swiss banks for providing tax evasion services, lawyers said on Wednesday.
Verizon unloads $7.5 billion pension burden to Prudential
(Reuters) - Verizon Communications Inc will transfer $7.5 billion in pension obligations to insurer Prudential, removing a quarter of its long-term employee retirement burden with a single upfront payment.
Volatility hurts investors' retirement savings: Natixis
NEW YORK (Reuters) - Volatile markets make saving for retirement more daunting for investors who either through habit or fear of the unknown are not adapting to a changing investment landscape, a top executive of Natixis, a large asset management firm, said on Wednesday.
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