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Friday, November 30, 2012

Reuters Money: Analysis: Democrats' discord undercuts Obama estate tax push

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11/30/2012
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
Analysis: Democrats' discord undercuts Obama estate tax push
WASHINGTON (Reuters) - Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the "fiscal cliff" could drive the present estate tax rate even higher than Obama proposes.
U.S. money funds raise euro zone holdings in October: Fitch
NEW YORK (Reuters) - The biggest U.S. prime money market funds increased their holdings of euro zone bank debt in October on reduced worries about the impact of fiscal problems in Greece and Spain on the region's banking system, a report by Fitch Ratings released on Friday showed.
Insight: Lawyers gain from "say-on-pay" suits targeting U.S. firms
NEW YORK (Reuters) - Since the Dodd-Frank law gave shareholders a say in executive pay in 2010, courts have routinely rebuffed efforts by shareholders to force companies to heed their voice.
Protecting your retirement from "fiscal cliff" risk
CHICAGO (Reuters) - The U.S. "fiscal cliff" is bad news for retirement security - whether we fall off it or not.
New York governor orders insurers to speed up Sandy claims
(Reuters) - New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when Superstorm Sandy struck a month ago.
California bill seeks lower threshold for passing school tax measures
SAN FRANCISCO (Reuters) - A top California Democrat aims to ease requirements for voters to approve local taxes for schools, a potential first test of the state's tax-limiting Proposition 13 now that Democrats hold a supermajority in the Legislature
Gen Y seeks savings advice in face of down economy
NEW YORK (Reuters) - When it comes to saving money, Generation Y is asking "why not?"
Lawmakers, state regulators call for changes to Basel rules
(Reuters) - U.S. lawmakers and state financial regulators on Thursday called on federal officials to revamp proposed rules that would force financial firms to hold much more capital, asking them to consider the impact on small banks and insurance companies.
Stuyvesant Town/Peter Cooper owner, tenants settle suit
NEW YORK (Reuters) - The owners of Stuyvesant Town and Peter Cooper Village have reached a $147 million settlement to resolve claims by thousands of tenants who said they were overcharged on rent, removing the biggest hurdle to a sale of the huge Manhattan apartment complex, attorneys for both sides said on Thursday.
Boehner sees no progress in "fiscal cliff" talks
WASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Thursday that "fiscal cliff" talks with the White House had made no substantive progress and criticized President Barack Obama and Democrats for failing to get serious about including spending cuts in a final deal.
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