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Friday, February 8, 2013

Reuters Money: Older women staying on the job to make up lost time

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02/8/2013
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
Older women staying on the job to make up lost time
(This is part of a five-story package on retirement that will run Feb 5 - Feb 7)
Rethinking the 4 percent rule
(Reuters) - In a world of low structural investment returns retirees need to reconsider the assumption that they can draw down 4 percent a year of their savings.
Schwab to spend more on people, ads and projects
(Reuters) - After a year of cost-cutting and missed revenue targets, Charles Schwab Corp plans to spend more on marketing, technology and compensation in 2013 on expectations of modest income growth.
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, signs a grinding recovery in the labor market remains on track.
Canadian activist fund West Face acquires stake in SNC-Lavalin
(Reuters) - Canada's West Face Capital, an activist fund that successfully pressured for a shake-up at Maple Leaf Foods in 2010, has acquired a minority stake in SNC-Lavalin Group Inc, the scandal-plagued Canadian engineering and construction company.
San Bernardino, Calpers fail to reach deal before court date
LOS ANGELES (Reuters) - Negotiations between the bankrupt California city of San Bernardino and the state's public pension fund over the city's unprecedented suspension of pension payments have failed to produce an agreement before a crucial court hearing, officials said on Thursday.
Putting the magnifying glass on the 1 percent: Chrystia Freeland
NEW YORK (Reuters) - Academics can be dismissive of the concerns of the popular media. But when it comes to the growth of the super-rich, the tabloids may have gotten it right.
German "mini-Madoff" hedge fund founder indicted in U.S.
(Reuters) - A German hedge fund founder convicted in his home country of running a Ponzi scheme faces U.S. charges along with an accomplice over frauds that cost investors more than $300 million, the U.S. Department of Justice said on Thursday.
JPMorgan adds Morgan Stanley, Credit Suisse advisers
(Reuters) - JPMorgan Chase & Co's private wealth management unit said on Thursday it added two veteran advisers from Morgan Stanley Wealth Management and one from Credit Suisse AG's U.S. private banking group.
How Einhorn turned from Apple advocate to agitator
(Reuters) - Hedge fund star manager David Einhorn was arguably Apple Inc's biggest cheerleader on Wall Street with a stake worth about $600 million and an oft-cited prediction that the company's market value would hit $1 trillion some day.
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