Career News 24/7: Reuters Money: Obama proposal for new bond program raises alarms over tax exemption

Monday, February 25, 2013

Reuters Money: Obama proposal for new bond program raises alarms over tax exemption

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02/25/2013

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

Obama proposal for new bond program raises alarms over tax exemption

WASHINGTON (Reuters) - President Barack Obama's plan to launch a new bond program to fund infrastructure such as bridges and roads may threaten the tax-exempt status of the U.S. municipal bond market, issuers and analysts said on Friday.

Madoff indirect investors lose U.S. court appeal

(Reuters) - People who lost money by investing in funds that funneled their money to Bernard Madoff's Ponzi scheme are not entitled to recover for their losses, in the manner that direct victims of the massive fraud can recover, a federal appeals court ruled on Friday.

Bank of NY Mellon to pay $114 million in Medical Capital accord

(Reuters) - Bank of New York Mellon Co has agreed to pay $114 million to settle claims over its role as trustee for debt issued by Medical Capital Holdings Inc, a medical receivables financing company that collapsed in 2009 amid fraud allegations.

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.

IRS review delays tax refunds for some budget shoppers

WASHINGTON (Reuters) - Federal tax refunds are arriving later than expected for some lower-income Americans due in part to closer scrutiny of earned income tax credit claims by the U.S. Internal Revenue Service, the IRS said on Friday.

U.S. sticks to limits on health insurance charges for older people

WASHINGTON (Reuters) - The Obama administration on Friday finalized new consumer safeguards for health insurance that impose tighter restrictions on what insurers can charge older customers, despite industry warnings that the young may be forced to pay more as a result.

Rate of employer health insurance coverage stabilizes

WASHINGTON (Reuters) - Less than half of adults received health insurance through their employer in 2012, but the market showed signs of stabilizing after three years of decline, according to a poll released on Friday.

Are the new dispute-resolution sites on your side?

NEW YORK (Reuters) - When Madison Mabin never received some shirts she had ordered online, she called and emailed the company's customer service department multiple times, but to no avail.

Midwestern focus powers top small-cap fund

NEW YORK (Reuters) - Andrew Adams takes the Wall Street adage "invest in what you know" literally.

Hedge funds grow nervous after credit rally

LONDON (Reuters) - Hedge fund managers who profited from a huge rally in credit since last summer are seeking ways to protect themselves against a sharp market sell-off if investor confidence evaporates.