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Wednesday, January 16, 2013

Reuters Money: Taxes will rise for more than just the ultra-wealthy

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01/16/2013
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
Taxes will rise for more than just the ultra-wealthy
NEW YORK (Reuters) - The big numbers under discussion following the American Taxpayer Relief Act of 2012 have been $400,000, the income level where new marginal rates kick in for singles, and $450,000, for married couples filing jointly.
Longer wait times, higher costs for U.S. adoptions
NEW YORK (Reuters) - When Mitch and Susan Glavas began the domestic adoption process in 2010, there was one expense they weren't anticipating: the marketing budget.
How to get your retirement plan back on track
CHICAGO (Reuters) - Unemployment can throw a wrench into even the best retirement plan -- especially for older workers in their peak earning and retirement saving years.
Broadband Research analyst gets prison in insider case
NEW YORK (Reuters) - A securities research analyst who had publicly refused to cooperate in the U.S. government's sweeping insider-trading probe was sentenced to more than four years in prison on Tuesday after admitting he supplied hedge funds with illegal tips.
Vanguard, SIFMA back "liquidity fees" for money funds
(Reuters) - Asset manager Vanguard Group Inc and a major financial industry trade group on Tuesday said they could support certain "liquidity fees" on money market mutual funds, the latest steps as the $2.6 trillion industry seeks to stave off more sweeping regulations.
NY state's public pension freezes gunmaker investments
(Reuters) - New York state's $150 billion public pension fund will stop buying shares of publicly-traded firearms manufacturers, including Sturm Ruger & Company Inc, New York State Comptroller Thomas DiNapoli said on Tuesday.
DoubleLine launches three equity mutual funds: filing
NEW YORK (Reuters) - DoubleLine Capital LP, the $53 billion bond firm run by Jeffrey Gundlach, registered three stock mutual funds in a regulatory filing on Tuesday.
Bank of America capital markets co-head to lead commercial banking
(Reuters) - Bank of America Corp has named capital markets co-head Alastair Borthwick as its head of commercial banking, in a shuffling of veteran executives.
Emerging market instability top risk in 2013: Eurasia's Bremmer
NEW YORK (Reuters) - Political instability in emerging markets, led by China, will be one of the biggest risks for markets in 2013, Ian Bremmer, president of political risk firm Eurasia Group, said on Monday.
HighTower lands Merrill, Morgan Stanley advisers
(Reuters) - HighTower Advisors LLC, an independent adviser-owned firm that has grown by hiring away from top U.S. brokerages, expanded its presence in Maryland after landing veteran financial advisers from Merrill Lynch and Morgan Stanley last week.
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