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Friday, January 11, 2013

Reuters Money: Teen entrepreneurs tap their mothers' Facebook connections

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01/11/2013
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
Teen entrepreneurs tap their mothers' Facebook connections
CHICAGO (Reuters) - When mother of three Angela Allyn takes to Facebook, it's usually not to post pictures of her latest party, but to drum up business for her entrepreneurial teenage son, Alec.
Why buy euros if the zone isn't working?
LONDON (Reuters) - Closer consideration of the implications of Thursday's comments by European Central Bank President Mario Draghi may lead some to question if the euro's subsequent rally against the dollar is sustainable.
Consumer watchdog strikes balance with mortgage rules
WASHINGTON/BALTIMORE (Reuters) - The U.S. consumer watchdog on Thursday finalized new mortgage rules that are expected to have little short-term impact on the housing market but could prevent banks from returning to the pre-crisis practice of churning out risky subprime mortgages.
The Soul of the S&P 500: Durable stocks over time
CHICAGO (Reuters) - It takes a lot of gumption to buy mongrel stocks at the beginning of the year.
Cliff fears, tax rises mean payday for tax advisers
(Reuters) - The imposition of increased U.S. tax rates on the nation's highest earners is expected to provide a mini-bonanza for the army of lawyers, accountants and tax advisers who can devise ways to reduce clients' taxable income.
Soros builds stake in UK's "tortoise" developer
LONDON (Reuters) - Billionaire investor George Soros has built a stake of more than 5 percent in the UK's only listed property company that produced a negative total return in 2012, due to its unfashionable bet on the long-term health of the economy outside London.
Wells Fargo ordered to pay investors $1.3 millionn for flawed strategy
(Reuters) - A unit of Wells Fargo Corp must pay $1.3 million to a California couple for losses tied to a strategy that included a $5 million loan and a risky type of exchange-traded fund, a securities arbitration panel has ruled.
Will new rules make it easier to get a mortgage?
NEW YORK (Reuters) - In the market for a new home, or looking to refinance? You might find it easier - and perhaps cheaper - to get a mortgage, now that the Consumer Finance Protection Bureau has established new regulations requiring banks to meet detailed underwriting criteria.
Active management's slow bleed
(Reuters) - Punished by another year of bad performance from active investment managers, there is some encouraging evidence that investors are finally wising up.
Fidelity trustees call money market reform "perverse"
BOSTON (Reuters) - Independent trustees of the money market funds at Fidelity Investments called proposed industry reforms a "perverse mis-prioritization," according to a letter released on Thursday.
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