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Wednesday, November 7, 2012

Reuters Money: Small-business disaster-loan demand soars after Sandy

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11/7/2012
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
Small-business disaster-loan demand soars after Sandy
CHICAGO (Reuters) - When Superstorm Sandy immobilized companies throughout the Northeast last week, entrepreneur David Greenberg scrambled to shift work in the New York-area to a virtual office.
Mortgage applications down as Sandy hit Northeast: MBA
NEW YORK (Reuters) - Applications for home mortgages fell last week as Superstorm Sandy battered the East Coast and disrupted normal business activity for millions of people, an industry group said on Wednesday.
What Obama's win may mean for personal tax planning
(Reuters) - Uncertainty about who will occupy the White House is over now that President Barack Obama has been re-elected, but uncertainty about taxes is still with us. There is no need to feel paralyzed though.
Rich move valuables East, spooked by West's economic woes
SINGAPORE (Reuters) - More of the world's rich are moving their gold and other valuables away from the economic turmoil in the West to Asia, prompting precious asset shipping specialist Malca-Amit to rapidly expand its storage capacity in the prosperous region.
Election gamble backfires for banks, energy firms: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own)
Romney's hedge-fund backers plan to party on election night
By Svea Herbst-Bayliss, Katya Wachtel and Lauren Tara LaCapra
Moody's sees Sandy hit to casinos, benefit to retailers
(Reuters) - Superstorm Sandy will slash earnings at New Jersey casinos and benefit home repair and discount retailers but have limited impact on other sectors and is unlikely to trigger credit downgrades, credit agency Moody's Investors Service said.
Nucor hedges gas prices through Encana deal: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own)
Investors turn more neutral on Treasuries: survey
NEW YORK (Reuters) - Investors turned more neutral in their outlook for U.S. government debt in advance of U.S. presidential elections and following data last week showing stronger-than-expected jobs growth in October, a survey released on Tuesday showed.
Europe needs a weak euro: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
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