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Thursday, February 7, 2013

Reuters Money: Jobless claims point to healing in labor market

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02/7/2013
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
Jobless claims point to healing in labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, a sign the grinding recovery in the labor market remains on track.
Advice for the new anti-retirees
New York (Reuters) - We've all said it, or at least we've heard it: the claim, made either happily or wearily, that we are never going to retire.
How and why your 401(k) is changing
(This is part of a five-part package on retirement that will run Feb 5 - Feb 7)
Mutual fund industry playing defense on 401(k)s
WASHINGTON (Reuters) - The mutual fund industry is getting a little nervous about all the Washington talk about limiting tax loopholes and perceived shortcomings of the current retirement system.
Prosecutors zero in on SAC Capital insider Steinberg
NEW YORK (Reuters) - Prosecutors are nearing a decision on whether to pursue criminal charges against SAC Capital Advisors portfolio manager Michael Steinberg related to an insider trading investigation involving shares of Dell Inc, according to two people familiar with the matter.
U.S. regulators square off on who can sanction trader
WASHINGTON (Reuters) - Two federal agencies that police the U.S. energy market on Thursday will each try to convince a federal judge that they have the right to decide the fate of a trader whose bets helped bring down a billion-dollar hedge fund.
Legg Mason to pay $80 mln plus incentives for Fauchier: filing
(Reuters) - Asset manager Legg Mason Inc agreed to spend about $80 million plus future incentive payments to buy London hedge fund firm Fauchier Partners, according to a securities filing on Wednesday.
Analysis: U.S. data, earnings suggest "fiscal cliff" fears overhyped
NEW YORK (Reuters) - Jon Najarian's no wimp. He's taken his shots more than once during three decades playing the U.S. stock and options markets and before that as a college football player. So he doesn't scare easily.
SunTrust sues to stop hedge fund's $13 million FINRA arbitration
NEW YORK (Reuters) - SunTrust Banks Inc sued a Connecticut-based hedge fund on Wednesday to block arbitration of a $13 million dispute over mortgage-backed securities.
Exclusive: TD Asset Management CEO Brian Murdock resigns
NEW YORK (Reuters) - Brian Murdock, the chief executive of Toronto-Dominion Bank unit TD Asset Management, has resigned to return to the United States from Canada.
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Jobless claims point to healing in labor market
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