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Monday, November 19, 2012

Reuters Money: Petrified by the fiscal cliff? Relax, it's just a slope

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11/19/2012
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
Petrified by the fiscal cliff? Relax, it's just a slope
NEW YORK (Reuters) - The "fiscal cliff" sounds like a scary place. Headlines about "taxmaggeddon" are flashing on TV screens, next to clocks ticking down to January 1.
How to make the most of charitable tax breaks
NEW YORK (Reuters) - When megastorm Sandy devastated parts of the Northeast, people raced to help: They donated money by text and credit card, scoured their closets for items to share and drove to the most ravaged areas to aid in the cleanup efforts.
BP's other victims are its shareholders: Frankel
NEW YORK (Reuters) - As part of BP's historic $4.5 billion deal Thursday to resolve criminal and civil charges related to the Deepwater Horizon oil spill in 2010, the British oil company agreed to pay a $525 million penalty to the Securities and Exchange Commission for defrauding its own investors.
High-flying Apple falls to earth as investors fret over taxes
NEW YORK (Reuters) - Gravity has taken hold of Apple, and a lot of investors have been smacked on the head.
Unequal access to "hot jobs" obstructs women's careers: report
NEW YORK (Reuters) - Women around the globe are blocked from advancing in their careers because of unequal access to high visibility jobs and international experience, according to a new report.
Small businesses have to be strategic about giving
CHICAGO (Reuters) - For a small business owner, Greg O'Neill takes a big company approach to charitable giving. His gourmet food shops are besieged with appeals from a range of causes, so he requires solicitors to apply through a portal on his company's website. A staff member culls requests.
Your money: The best ways to boost charitable donations
BOSTON (Reuters) - Four years after the credit crunch hit, Denise Koenig and her husband, Robert, finally feel comfortable increasing their year-end charitable giving past where it was in 2007. The Boston couple have given away about $4,000 every year for the past five years but realized that they could easily afford to double that amount. "Our jobs are safe, real estate is doing better, the stock market is up," says Denise Koenig, a 43-year-old management consultant. "We can do more."
Ex-Mayer Brown lawyer guilty in third trial over Refco fraud
NEW YORK (Reuters) - A former Mayer Brown partner conspired with top executives at commodities broker Refco to hide its true financial condition from investors, a federal jury found on Friday at the lawyer's second criminal trial on the same charges.
Demand for risk assets tumbles ahead of fiscal cliff talks: EPFR
NEW YORK (Reuters) - Investors shunned stock funds and fled from high-yield bond portfolios in the latest week as fears over the "fiscal cliff" of U.S. tax hikes and spending cuts roiled sentiment, data from EPFR Global showed on Friday.
The sad necessity of Fed watching: James Saft
(Reuters) - Every investor, sadly, has to be a Fed watcher given that U.S. asset markets are supported, if not levitated, by quantitative easing.
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