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Monday, November 12, 2012

Reuters Money: New tax relief for Sandy victims and volunteers

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11/12/2012

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

New tax relief for Sandy victims and volunteers

NEW YORK (Reuters) - The hard-hit victims of superstorm Sandy have received donations of blankets, cleaning supplies and diapers. Now there may be more aid flowing their way: tax help.

Wealth advisers to frantic Republicans: Get a grip

(Reuters) - It was a tough week to be a financial adviser to rich Republicans.

Consumer sentiment at five-year high; inventories jump

NEW YORK (Reuters) - An increasingly upbeat view of the economy and jobs market drove U.S. consumer sentiment to a more than five-year high in early November, while a jump in wholesale inventories suggested the economy grew more than initially estimated last quarter.

Why tax pros love Roth IRAs

(The writer is a Reuters columnist. The opinions expressed are her own.)

Little gain for Legg Mason investors in break up: analyst

(Reuters) - Money manager Legg Mason Inc might be better off staying intact, after all.

Hope for unloved U.S. financial services stocks

CHICAGO (Reuters) - U.S. financial services stocks may be the most unloved sector in recent memory, but they may end up prospering in the coming year.

PIMCO flagship fund raises Treasury holdings, trims mortgages

NEW YORK (Reuters) - PIMCO Total Return Fund, which is run by Bill Gross and ranks as the world's largest mutual fund, increased its exposure to U.S. government debt while continuing to trim mortgage holdings in October, data from the company's website showed on Friday.

Is Bakken set to rival Ghawar? John Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)

Fighting off the counterrevolution

NEW YORK (Reuters) - The conventional wisdom has arrived: 2012 was a status quo election. President Barack Obama was reelected. Democrats continue to have a majority in the Senate. Republicans still control the House. Only two states changed their presidential votes from 2008 to 2012 (North Carolina and Indiana). Six billion dollars were spent and almost nothing changed!

Hedge fund bets on Greek recovery

LONDON (Reuters) - The steep sell-off in Greek assets is tempting some investors - including hedge funds - to wager the crisis-hit country's bond and stock markets offer a bargain.