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Friday, February 22, 2013

Reuters Money: Household debt falls sharply among younger Americans: study

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02/22/2013
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
Household debt falls sharply among younger Americans: study
NEW YORK (Reuters) - The recession had a strong impact on young Americans who saw the credit crisis up close: they are taking on less credit card debt, delaying plans to buy homes and owning fewer cars, according to a study released on Thursday.
Avoid the herd mentality on growth vs. value stocks
CHICAGO (Reuters) - In the mercurial world of stock market trends, predicting whether the market is favoring growth or value styles is an either/or situation.
Backlash over FINRA probe goes badly for broker so far
(Reuters) - Wall Street brokers who dig in their heels when regulators ask for details about business dealings conducted outside of their brokerages play a risky and often career-ending game.
Banks to profit as investors eye assets leaving ECB
LONDON (Reuters) - Asset-backed bonds, banished to the vaults of the European Central Bank (ECB) in return for emergency cash, are back on investor wish-lists, giving banks a fresh shot at profits that could spur lending to the real economy.
Piggybacking on dealmakers as M&A bounces back
NEW YORK (Reuters) - After a six-year lull, deal making is back with a vengeance. That means investors may need to rethink strategies to profit from increasing numbers of mergers and acquisitions.
Hong Kong unveils more property-cooling measures
HONG KONG (Reuters) - Hong Kong is imposing higher stamp duties and home loan curbs on property transactions, officials said on Friday, the latest effort to cool an overheated property sector that boasts some of the world's most expensive apartments.
CFPB wants to make private student loan repayment affordable
WASHINGTON (Reuters) - The U.S. consumer watchdog said on Thursday that it is seeking suggestions on how to develop a policy plan that would help borrowers of private student loans find more affordable repayment options.
Medicare drug costs to fall in 2014, but donut hole widens
CHICAGO (Reuters) - There will be good and bad news next year for seniors using Medicare's prescription drug program.
Market regulators not expecting job cuts from sequestration
WASHINGTON (Reuters) - The country's top Wall Street regulators are not expecting layoffs or furloughs in the event that Congress is unable to avoid across-the-board spending cuts known as "sequestration."
Technology, the economy and pool cleaning: Chrystia Freeland
(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.)
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