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Friday, November 16, 2012

Reuters Money: Your money: Love the celebrity? Double-check the charity

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11/16/2012
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
Your money: Love the celebrity? Double-check the charity
(Reuters) - You don't have to spend much time listening to Angelina Jolie or Bono to know that celebrities can help raise awareness for charities. Just about anyone with the name recognition to make it into "People" magazine has used that power to promote a cause or two.
Your money: The best ways to boost charitable donations
(The author is a Reuters contributor. The opinions expressed are her own. This is part of a six-story package on charitable giving.)
Demand for U.S. stock and bond funds falters: Lipper
NEW YORK (Reuters) - U.S.-based stock and bond funds saw a dramatic pullback in the latest week as worries over the "fiscal cliff," a combination of tax hikes and spending cuts in the U.S., eroded sentiment, data from Thomson Reuters' Lipper service showed on Thursday.
They're buying what? U.S. investors latch onto Iraqi dinar
NEW YORK (Reuters) - The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world - the Iraqi dinar.
Superstorm boosts jobless claims, hits factories
WASHINGTON (Reuters) - Superstorm Sandy drove a surge in new claims for jobless benefits last week and hurt factory activity in the mid-Atlantic region in November, signs it could deal a substantial blow to economic growth in the fourth quarter.
U.S. economic growth downgraded ahead of "fiscal cliff"
NEW YORK (Reuters) - Uncertainty about the "fiscal cliff" of scheduled tax increases and spending cuts prompted analysts this month to cut early 2013 U.S. economic growth expectations, a Reuters poll showed on Thursday.
PIMCO fund rating cut by Morningstar analysts
NEW YORK (Reuters) - Analysts at investment research firm Morningstar lowered the rating on PIMCO Global Multi-Asset fund by one notch to bronze from silver in response to the fund's underperformance relative to its benchmark and exposure to new management, the data firm said on Thursday.
Canada wealth managers struggle to entice Gen Y advisers
TORONTO (Reuters) - Tammy Oribine was a financial planner for just a couple of months when she realized it was not the job for her. She did not like sales, did not feel confident enough about the products and hated the face-to-face contact that is a staple of the business.
U.S. says ex-Needham CFO spent firm's funds on dog fence
(Reuters) - A former chief financial officer of Needham & Co was charged on Thursday with stealing $1 million from the investment banking and brokerage firm and using some of the money to pay for vacations, wine and a dog fence.
Analysis: Expensive emerging markets assets may be vulnerable
LONDON (Reuters) - The looming U.S. fiscal cliff of tax rises and spending cuts combined with renewed euro zone tension over Greece are threatening demand for riskier emerging market assets, just when some are getting expensive.
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