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Monday, December 10, 2012

Reuters Money: Exclusive: U.S. authorities probe SAC for Weight Watchers - sources

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12/10/2012
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
Exclusive: U.S. authorities probe SAC for Weight Watchers - sources
(Reuters) - U.S. authorities are investigating Steven A. Cohen's SAC Capital Advisors hedge fund for possible insider trading in the shares of the popular diet company Weight Watchers International Inc, according to people familiar with the matter.
Paulson has mixed November as softer gold hurts some funds
BOSTON (Reuters) - Hedge fund manager John Paulson told his clients on Friday evening that his funds experienced mixed returns in November with softer gold prices weighing on some portfolios.
Employment ducks Superstorm Sandy's punch
WASHINGTON (Reuters) - Companies kept up their slow but steady hiring pace in November, defying predictions that Superstorm Sandy would deal a big blow to the labor market.
Layoff rumors? Gird yourself before the axe falls
NEW YORK (Reuters) - Never mind coal. There may be pink slips in some holiday stockings this year.
Clients aiming for Medicaid: risky but popular
(Reuters) - Financial advisers are getting a counterintuitive request from clients worried about their long-term care needs: Make me poor.
Rebooting your career after a long layoff
NEW YORK (Reuters) - As any astronaut will tell you, re-entry is the trickiest and most dangerous part of space flight.
Investors turn cold on U.S. stocks as budget talks stagger: EPFR
NEW YORK (Reuters) - Investors exited U.S. stock funds after delving in the previous week and rotated into non-U.S. stocks and high-yield bonds as U.S. lawmakers' talks over a U.S. budget deal faltered, data from EPFR Global showed on Friday.
Morgan Stanley shifts broker bonuses to reward growth
(Reuters) - Morgan Stanley's wealth division, in a change to how it rewards its increasingly important brokerage force, is cutting bonuses tied to the revenue that advisers generate, but also offering discounted stock and new incentives to brokers if they bring in new assets and get their clients to borrow money.
Exclusive: Schwab eyes commission-free ETF supermarket - sources
NEW YORK (Reuters) - Charles Schwab Corp has been quietly meeting with exchange-traded fund providers to try to persuade them to join a new network that would make ETFs available commission-free to the brokerage's 8.6 million customers.
Man Group CEO to step down: Sky
LONDON (Reuters) - Peter Clarke, the chief executive officer of embattled hedge fund firm Man Group, is set to step down and could announce his departure as early as Monday, Sky News reported.
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