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Thursday, February 14, 2013

Reuters Money: How to deal with your shrunken paycheck in 2013

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02/14/2013
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
How to deal with your shrunken paycheck in 2013
NEW YORK (Reuters) - The payroll tax cut quietly expired at the end of 2012, and for many American families who are struggling to keep pace in a tight economy, that has raised questions of what to do.
U.S. arbitrators order Deutsche Bank and ex-adviser to pay $934,000
(Reuters) - U.S. securities arbitrators ordered Deutsche Bank Securities Inc to pay a couple and their trusts a total of $934,000 after a onetime adviser allegedly swindled them in a multimillion-dollar insurance deal.
The Fed discovers chicanery: James Saft
(Reuters) - Acknowledging that sometimes banks chisel clients and bank employees chisel banks may sound obvious to you, but for the Federal Reserve this is a pretty big step forward.
Address client collections or risk losing business
NEW YORK (Reuters) - For many advisers, brushing up on their knowledge of Andy Warhol prints, vintage Corvettes and Patek Philippe watches should be all in a day's work.
Ackman worried if regulators would eye Herbalife
NEW YORK (Reuters) - Hedge fund manager William Ackman, who has called nutritional supplements company Herbalife Inc a pyramid scheme, said the biggest risk in shorting the company was whether regulators would take time to focus on the matter.
Merrill Lynch hires four advisers from rival brokerages
(Reuters) - Bank of America Corp's Merrill Lynch said on Wednesday it added four veteran advisers who managed nearly $1 billion in combined client assets from rival U.S. brokerages.
National Financial Partners hires veteran LPL recruiter
(Reuters) - National Financial Partners Corp, a New York-based advisory and brokerage firm, said on Wednesday it hired veteran recruiter Dan Schwamb from LPL Financial as the company looks to expand its adviser footprint.
U.S. insider trading informant Fortuna gets two years probation
NEW YORK (Reuters) - A federal judge in Manhattan on Wednesday sentenced former hedge fund manager Steven Fortuna, who was among several informants in the government's broad insider trading crackdown, to two years of probation for insider trading.
Exclusive: Investors pull $1 billion from hedge fund giant Winton
LONDON (Reuters) - Winton Capital, one of the world's most successful hedge fund firms, has seen clients pull $1 billion of cash out of its portfolios amid falling returns from computer-driven fund managers.
New Legg Mason CEO outlines plans for a turnaround
BOSTON (Reuters) - Newly named Legg Mason Inc Chief Executive Joseph Sullivan on Wednesday vowed to reinvigorate the Baltimore-based asset manager and stanch the outflow of investor money from its funds.
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