Career News 24/7: Reuters Money: Getting past America's bad case of retirement blues

Wednesday, March 20, 2013

Reuters Money: Getting past America's bad case of retirement blues

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03/20/2013

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

Getting past America's bad case of retirement blues

CHICAGO (Reuters) - The economic recovery is not helping Americans shake a bad case of the retirement jitters.

Ex-Oregon governor candidate charged in Facebook IPO fraud

NEW YORK (Reuters) - A former Oregon gubernatorial candidate was arrested on Tuesday for his alleged role in defrauding investors who had hoped to buy shares of Facebook Inc before its initial public offering in May 2012, federal authorities said.

Judge orders fake fund manager Hicks to prison for 40 months

BOSTON (Reuters) - Andrey Hicks, who invented an Ivy League resume and Wall Street credentials to steal $2.3 million from investors for a made-up hedge fund, will spend more than three years in prison, a judge ordered on Tuesday.

High court rules for insurer in class action case

WASHINGTON (Reuters) - The Supreme Court on Tuesday ruled that a homeowner seeking to sue his insurer could not file suit in a state court considered friendly to plaintiffs.

PIMCO's Gross to auction off some of his historic U.S. stamps

(Reuters) - Bill Gross, who heads the world's largest mutual fund, will offer some items from his rare U.S. stamp collection for the first time in a public auction conservatively estimated to bring $1.5 million to $2 million.

Former LA radio host gets 10 years prison in TARP fraud

(Reuters) - A former Los Angeles-area radio talk show host was sentenced to 10 years in prison after he pleaded guilty to running a $24.4 million fraud involving fake securities linked to the federal Troubled Asset Relief Program, U.S. authorities said on Tuesday.

When sluggish economies are good for stocks

CHICAGO (Reuters) - A sluggish U.S. economy can actually give stocks a boost.

Cyprus gets on with it: James Saft

(Reuters) - Unfair and a bungle it may be, but the plan to levy bank deposits in Cyprus does have its virtues.

Surrogate pregnancies on rise despite cost hurdles

CHICAGO (Reuters) - Margaret DiSantis always wanted a child.

Bail in threatens to accelerate future bank runs: Kemp

LONDON (Reuters) - Bailing-in depositors with banks in Cyprus is a serious policy error that will destabilize the European banking system and threatens to accelerate bank runs in future.