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Tuesday, March 12, 2013

Reuters Money: Stocks see fading help from QE, profits: James Saft

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03/12/2013
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
Stocks see fading help from QE, profits: James Saft
(Reuters) - Equity markets, especially in the U.S., are being held aloft by two historical anomalies - quantitative easing and high corporate profits - either of which could start to go away in 2013.
When tip jars go high-tech, do U.S. workers benefit?
NEW YORK (Reuters) - Latte buyers in select New York City venues may have noticed an addition to coffee shop counters lately: DipJar, a tip jar that takes plastic.
Assets climb in 529 accounts, but few use them
NEW YORK (Reuters) - Assets in 529 plans climbed to nearly $200 billion in 2012, but the number of families drawing from their accounts to pay for college was just a fraction of the growing student population, according to a report on the plans released on Tuesday by the College Savings Plans Network.
Illinois settles SEC fraud charges over pension fund disclosures
WASHINGTON (Reuters) - Illinois agreed on Monday to settle federal civil securities fraud charges alleging the state misled municipal bond investors about how it funded its pension fund obligations.
Why it is worth investing in Britain now
CHICAGO (Reuters) - Despite all the evidence to the contrary, I am bullish on John Bull. Although Britain's economy is struggling, it may be poised for a decent long-term rebound, but not for the usual reasons.
PIMCO flagship fund cuts Treasuries, mortgages in February
NEW YORK (Reuters) - The PIMCO Total Return Fund, the world's largest bond fund, decreased its holdings of U.S. Treasuries and mortgage debt in February, data from the firm's website showed on Monday.
Book now, before your hotel rewards disappear
(Reuters) - If you've been hoarding hotel rewards points for your next vacation, you could be in for a jolt when you try to book your free room. Most of the major hotel chains have either devalued their points already or will soon.
Arrested "rogue financier" led colorful life
BERLIN (Reuters) - The Uffizi Gallery in Florence provided a fittingly lavish backdrop for the arrest on fraud charges of Florian Homm, a flamboyant German financier who has spent more than five years in hiding.
Bank compensation up in 2012 despite cutback efforts
LONDON (Reuters) - Compensation at the world's biggest banks rose last year, with 35 of them spending a combined 10 billion euros ($13.1 billion) more on staff than in 2011, figures compiled by Reuters show.
For Nordic bosses, joys of home trump top dollar pay
STOCKHOLM/OSLO (Reuters) - Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content with lower paychecks.
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