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Monday, January 21, 2013

Reuters Money: Traveling for healthcare, but not that far

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01/21/2013
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
Traveling for healthcare, but not that far
NEW YORK (Reuters) - For Jim Kucera, the pain was just getting worse. The salesman from New Hope, Minnesota, needed a hip replacement urgently, but the cost of treatment would also be painful: Lacking health insurance, he would have to pay out of pocket.
Agencies approve new mortgage appraisal requirements
WASHINGTON (Reuters) - U.S. mortgage lenders making higher-priced loans to consumers must have properties appraised and provide borrowers a free copy of the report, under new rules released by six financial regulatory agencies on Friday.
Getting your health plan to cover pricey drugs
NEW YORK (Reuters) - When Marie D'Orsaneo's rheumatoid arthritis worsened three years ago, her doctor prescribed Rituxan, an expensive injectable drug that her employer-sponsored health plan had to sign off on first.
Oppenheimer to pay $1.2 million in excessive trading: panel
(Reuters) - Oppenheimer & Co Inc must pay a total of nearly $1.2 million to a Texas-based investor in a dispute over allegations of excessive securities trading in his account, an arbitration panel has ruled.
U.S. court strikes down IRS tax preparer regulations
WASHINGTON (Reuters) - In a surprising blow to the U.S. Internal Revenue Service, a federal judge on Friday barred the agency from regulating thousands of non-professional tax return preparers, throwing into doubt a multimillion-dollar enforcement program already underway.
Supreme Court to hear law firm appeals in Allen Stanford case
(Reuters) - The Supreme Court on Friday accepted appeals by law firms that once represented convicted swindler Allen Stanford and were trying to avoid lawsuits by victims seeking to recoup losses from his $7 billion Ponzi scheme.
Five red flags for municipal bond investors: Wasik
CHICAGO (Reuters) - There is a bubble forming in the municipal bond market, and millions of investors could be impacted if it bursts.
Clients' top worry: lingering dysfunction in DC
(Reuters) - Dysfunction in Washington is the top concern for wealthy investors, trumping fears about their ability to retire and the economy overall.
Relaxed Coeure halts LTRO-related rise in rates
LONDON (Reuters) - The recent spike in short-term money market rates came to a halt on Friday after a top European Central Bank policymaker played down the chance of banks repaying a massive chunk of their LTRO cash this month.
Fed missed warning signs in 2007 as crisis gained steam
WASHINGTON (Reuters) - Top policymakers at the Federal Reserve felt for most of 2007 that problems in housing and banking were isolated and unlikely to tear down the U.S. economy as they ultimately did.
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