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Friday, October 5, 2012

Reuters Money: Jobless rate tumbles to near four-year low

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10/5/2012

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 rate tumbles to near four-year low

WASHINGTON (Reuters) - The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.

Obama, Romney debate sheds little light on healthcare issues

WASHINGTON (Reuters) - President Barack Obama and his Republican challenger Mitt Romney agree that the $2.8 trillion U.S. healthcare system is broken, but neither candidate on Wednesday presented voters with a clear idea of how to fix it.

U.S. broker defections shift $86 billion in assets in 2012

NEW YORK (Reuters) - So far this year, top U.S. brokers managing more than $86 billion in client assets have decamped for a rival firm or decided go it alone - a troubling trend for big brokerages as teams with larger books of client assets depart.

Are small investors really that bad?

(James Saft is a Reuters columnist. The opinions expressed are his own)

Do the math on "bucks" deals from retailers

(The author is a Reuters contributor. The opinions expressed are his own.)

Equity mutual fund investors sit out market rally: Lipper

NEW YORK (Reuters) - Mutual fund investors shunned equities for the eighth straight week, pulling nearly $2.4 billion from the market in the week ended October 4, a period where benchmark stock indices advanced, new data shows.

Romney: cuts in tax breaks for oil, gas "on the table"

WASHINGTON (Reuters) - Republican presidential challenger Mitt Romney hinted he could eliminate billions of dollars in U.S. oil and tax breaks if he were elected, but the reductions would be far less than what President Barack Obama wants.

Romney, Obama both like deficit-cutting plan, to a point

WASHINGTON (Reuters) - President Barack Obama and Republican challenger Mitt Romney praised the deficit-cutting framework known as Simpson-Bowles in their debate on Wednesday, but neither candidate has embraced the politically unpopular choices put forward in the plan.

Column: Despite fiscal cliff, U.S. should not sell SPR - Kemp

LONDON (Reuters) - Now that domestic oil production is rising and imports are falling, should the United States reduce the amount of emergency oil it holds in giant salt caverns along the coast of Louisiana, or at least switch from stockpiling crude to holding refined products like gasoline, jet fuel and diesel?

How a place like Brazil can be a job creator for the U.S

VITORIA DE SANTO ANTAO, Brazil (Reuters) - Last year, Kraft built a gleaming new factory on the outskirts of this town in northeastern Brazil. When I visited it last month, my heart sank.