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Thursday, December 20, 2012

Reuters Money: Exports, government spending buoy third-quarter growth

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12/20/2012
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
Exports, government spending buoy third-quarter growth
WASHINGTON (Reuters) - The U.S. economy grew faster than previously estimated in the third quarter as exports and government spending provided a lift, but that boost is likely to be lost amid slowing global demand and a move towards tighter fiscal policy.
Global funds buy bonds, trim stocks: Reuters poll
LONDON (Reuters) - Global investors are ending 2012 with lower stock holdings and more bonds than 12 months ago, staying wary about the U.S. "fiscal cliff" despite a rally in most markets this year, a Reuters poll showed on Thursday.
U.S. funds cut equity stakes to year low on fiscal worries: Reuters poll
NEW YORK (Reuters) - U.S. investment firms headed towards the new year defensively, with average equity holdings hitting a more than 13-month low and average bond weightings at their highest in all of 2012, a Reuters poll showed on Thursday.
Are first-time homebuyers missing the sweet spot?
WASHINGTON (Reuters) - Despite reports to the contrary, young adults haven't given up on the American dream of homeownership. They are just biding their time.
Swiss lender ZKB says three charged by U.S. authorities
(Reuters) - Swiss lender Zuercher Kantonalbank (ZKB) said two of its bankers and one former employee had been charged by U.S. authorities, which had accused them of helping U.S. clients avoid taxes.
U.S. to review consumer credit-reporting complaint process
WASHINGTON (Reuters) - The U.S. consumer financial watchdog is reviewing whether credit-reporting agencies are breaking the law by not doing enough to correct potentially erroneous consumer credit reports, an official said on Wednesday.
How to help military families at the holidays
CHICAGO (Reuters) - The December holidays stretch the budgets of the most financially secure families, but they pose special challenges for military personnel, their spouses and kids.
MF Global judge wary of letting customers depose Corzine
NEW YORK (Reuters) - A bankruptcy judge responded on Wednesday with skepticism to a request by former MF Global customers to depose the collapsed brokerage's former chief Jon Corzine.
Why a new inflation gauge will hurt seniors
CHICAGO (Reuters) - Let's talk "chained CPI" - a topic that sounds so wonky only a Washington policy nerd could love it. And that's probably what Washington politicians hope it sounds like to you.
Inside view on good social media posts
(Reuters) - A few rules of thumb for financial advisers on social media: get personal, like mentioning your daughter's big soccer win, include pictures in your content whenever possible and don't bother posting on Mondays.
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