Career News 24/7: Reuters Money: Treasury, Fed kill idea of $1 trillion platinum coins to avert debt crisis

Monday, January 14, 2013

Reuters Money: Treasury, Fed kill idea of $1 trillion platinum coins to avert debt crisis

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01/14/2013

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

Treasury, Fed kill idea of $1 trillion platinum coins to avert debt crisis

WASHINGTON (Reuters) - So much for the $1 trillion platinum coin idea.

Americans feel austerity's bite as payroll taxes rise

WASHINGTON (Reuters) - Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.

Five former Cargill traders join Singapore palm oil firm: source

SINGAPORE (Reuters) - Five former Cargill traders have joined Singapore-listed palm oil firm Golden-Agri Resources Ltd early this year, a source with direct knowledge of the matter told Reuters on Monday.

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.

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.

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.

Allen Stanford victims to receive $55 million under receiver plan

(Reuters) - Roughly 18,000 defrauded investors in Allen Stanford's $7 billion Ponzi scheme would receive an initial payment of $55 million for their claims, according to a plan submitted by a court appointed receiver on Friday.

Fidelity, Federated, Schwab to post daily fund values

BOSTON (Reuters) - Fidelity Investments, Federated Investors Inc and Charles Schwab Corp on Friday joined a growing list of top U.S. money market fund managers in agreeing to post daily fund asset values, as the industry comes under growing pressure from regulators for more transparency.

Wealth management industry wary over year ahead

NEW YORK (Reuters) - After four of the most difficult years many can remember, brokerage executives and advisers are on edge about their ability to generate profits in 2013.

Prominent investment firm raises $30 million fund

SAN FRANCISCO (Reuters) - SV Angel, the prominent early-stage investment firm, has raised a new $29.7 million fund, according to a filing at the Securities and Exchange Commission.