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Tuesday, November 20, 2012

Reuters Money: Planning for the "fiscal cliff"

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11/20/2012
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
Planning for the "fiscal cliff"
(Reuters) - Nearly three weeks after the U.S. election, Wall Street remains focused on politics.
Shadow banking hangover still to come: James Saft
(Reuters) - Like a hangover that starts before you even go to bed, the fact that the shadow banking system has expanded since the crisis bodes poorly for what comes in the morning.
New Jersey starting to handle more insider trading cases
NEW YORK (Reuters) - New Jersey's U.S. prosecutor's office is picking up more insider trading cases, edging into territory that has historically been dominated by the federal prosecutors in New York City.
Morgan Keegan and ex-NBA star in dispute over interest
(Reuters) - Morgan Keegan & Co is disputing the amount of interest owed to retired NBA basketball player Horace Grant on a $1.46 million arbitration award and has refused to pay $333,000 in interest that Grant says he is owed.
Global investors call for action on serious climate danger
SINGAPORE (Reuters) - A coalition of the world's largest investors called on governments on Tuesday to ramp up action on climate change and boost clean-energy investment or risk trillions of dollars in investments and disruption to economies.
News Corp, Porsche among top picks at hedge fund event
LONDON (Reuters) - Top hedge fund managers picked stocks as diverse as News Corp, holding company Porsche, and cosmetics maker L'Oreal on Monday at a hedge fund event seen by investors as revealing the industry's top stock picks.
SEC fails to revive fraud claim versus Goldman's Tourre
NEW YORK (Reuters) - The Securities and Exchange Commission cannot revive a securities fraud claim against Goldman Sachs Group Inc bond trader Fabrice Tourre over the sale of complex securities linked to subprime mortgages, a federal judge ruled on Monday.
After gains in RMBS, Lippmann's LibreMax looks to CMBS, CLOs in fourth-quarter
NEW YORK (Reuters) - Greg Lippmann's $2.3 billion hedge fund LibreMax Capital, which produced double-digit gains this year with big and successful bets on residential mortgage securities, is looking to the commercial real estate market to boost returns.
Hunch co-founder Dixon joins venture firm Andreessen Horowitz
SAN FRANCISCO (Reuters) - Chris Dixon, the entrepreneur behind recommendation service Hunch and web-security company SiteAdvisor, will join Silicon Valley venture-capital firm Andreessen Horowitz in January, he and the firm said.
Hedge fund Tiger Global discloses big Groupon stake
(Reuters) - Tiger Global Management, a technology focused hedge fund run by Chase Coleman and Feroz Dewan, disclosed a big stake in Groupon Inc on Monday, a vote of confidence for the struggling daily deal website.
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