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Friday, January 25, 2013

Reuters Money: For U.S. investors sour on Apple, buying Samsung is tricky

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01/25/2013

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

For U.S. investors sour on Apple, buying Samsung is tricky

NEW YORK (Reuters) - U.S. retail investors who have gone sour on Apple Inc after the drubbing the stock has been taking may want to think twice before trying to buy its main smartphone rival, Samsung Electronics Co Ltd, at least in American markets.

It's not Apple's fault, it's ours

(Reuters) - The problem, investors, lies not in Apple but in ourselves.

Italy's Monti calls for investigation of Monte Paschi scandal

SIENA, Italy (Reuters) - Italian Prime Minister Mario Monti called on Friday for an immediate investigation of a widening scandal at Monte dei Paschi di Siena over the historic bank's losses of nearly $1 billion in a series of complex derivatives deals.

CEO says US investors could own up to 12 percent of OCI

AMSTERDAM (Reuters) - Egyptian construction and fertilizer company OCI NV expects Microsoft founder Bill Gates to be among leading U.S. investors to own up to 12 percent of the company since listing in Amsterdam.

Whitman Capital founder gets two years for insider trades

NEW YORK (Reuters) - California hedge fund manager Doug Whitman was sentenced on Thursday to two years in prison after he became the first defendant in a broad U.S. crackdown on insider trading to take the stand to convince jurors of his innocence.

Chicago municipal pension fund to divest gun maker holdings

CHICAGO (Reuters) - A pension fund for Chicago public employees has voted to divest its holdings in three companies that manufacture assault weapons, an official with the fund confirmed on Thursday.

U.S.-based stock mutual funds gain for third straight week: Lipper

NEW YORK (Reuters) - Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, showing continued support for stocks from retail investors this year, data from Thomson Reuters' Lipper service showed on Thursday.

Asset management trade group holds line on U.S. money fund reforms

(Reuters) - The asset management industry's chief trade group said it would support temporary withdrawal restrictions for U.S. money market mutual funds, but said in comments to regulators Thursday that bigger changes are not needed to help sustain financial markets during crisis.

Entrepreneurs plan D.C. road trip to talk up immigration reform

SAN FRANCISCO (Reuters) - San Francisco-based entrepreneur Garrett Johnson is usually too busy with his messaging start-up for much travel, but one issue has inspired him to cross the country: immigration reform.

Janus results shows fund manager turnarounds take time

(Reuters) - Money manager Janus Capital Group Inc reported on Thursday that customers kept withdrawing cash from its mutual funds in the fourth quarter, even as it reported a quarterly profit that topped estimates, disappointing shareholders who had hoped for a faster turnaround.