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Thursday, January 24, 2013

Reuters Money: How to stop worrying and love currency wars: James Saft

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01/24/2013
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
How to stop worrying and love currency wars: James Saft
(Reuters) - You might want to learn to stop worrying and love currency wars, which are here to stay and, for investors, might not be all that bad.
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.
Goldman cleared of all charges in doomed Dragon sale
(Reuters) - A federal jury on Wednesday gave Goldman Sachs Group Inc a sweeping legal victory in the $580 million sale of Dragon Systems Inc to Lernout & Hauspie, saying the Wall Street bank was not negligent in arranging a deal that ultimately collapsed 13 years ago.
Fast-changing social media makes advisers scramble
(Reuters) - Fast-changing features on social media sites are triggering a new wave of compliance challenges for financial advisers at a time when many are just becoming comfortable with the technology in the first place.
Monte Paschi faces $1 billion loss on "surprise" trades
MILAN (Reuters) - Banca Monte dei Paschi di Siena, Italy's third biggest bank, revealed on Thursday it could face losses of as much as 720 million euros ($956 million) on past trades in financial derivatives which new management only recently discovered.
Tax efficient investments to offset higher rates
WASHINGTON (Reuters) - Experienced money managers like to say you shouldn't "let the tax tail wag the investment dog," meaning you shouldn't let concerns about the tax effects of an investment drive your buy and sell decisions.
Analysis: U.S. bond stars bet big on equities revival
(Reuters) - Some of the biggest U.S. bond firms are making aggressive pushes into the $5.17 trillion equity market business, spurred by fears the bull market in fixed income could end and anticipation of growing retail investor interest in stock funds.
Einhorn sticks with what he likes after lackluster year
(Reuters) - Hedge fund manager David Einhorn, whose moves are closely watched in the markets, told investors this week he is sticking with some of the names he has long liked even though they hurt his fund's performance last year.
PIMCO's Kashkari to leave firm, mulls entering California politics
NEW YORK (Reuters) - Neel Kashkari, managing director and head of global equities at bond giant PIMCO, is leaving the firm to consider running for public office in California as a Republican, according to people familiar with the situation.
UBS Wealth lands veteran adviser from Merrill Lynch
(Reuters) - UBS AG's Wealth Management Americas said on Wednesday it landed a veteran adviser from Bank of America Corp's Merrill Lynch.
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