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Thursday, April 4, 2013

Reuters Money: Jobless claims at four-month high, cast shadow over labor market

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04/4/2013
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 at four-month high, cast shadow over labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March.
Planned layoffs fall in March, but worst quarter since 2011
NEW YORK (Reuters) - The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday.
Stockton, Cyprus, and the savings puzzle
(Reuters) - Whether out of necessity, mistrust or simply the feel-good factor of soaring asset markets, Americans appear to be cutting back once again on saving.
Bad behavior persists in 401(k) accounts
WASHINGTON (Reuters) - Yes, stocks have been on a real tear lately, but guess who hasn't been along for the ride: The millions of 401(k) investors who "moved to safety" after the 2008-2009 market and never felt comfortable enough to move back to stocks.
Retirement rollovers can be misleading, confusing: watchdog
(Reuters) - Workers encounter confusion and misleading information when they leave their jobs and roll over their retirement money into individual retirement accounts, or IRAs, from company-sponsored 401(k) plans, according to a report released on Wednesday by the Government Accountability Office.
Money market assets fall in latest week: iMoneyNet
NEW YORK (Reuters) - Money market fund assets fell by $11.33 billion to $2.614 trillion in the week ended April 2, the Money Fund Report said on Wednesday.
PIMCO's Gross sees major challenges for "total return" era
NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond fund, said on Wednesday that the Federal Reserve's aggressive monetary policies may have changed the landscape so greatly that investors like himself and Warren Buffett may face radically new challenges in trying to maintain their track records.
Fed hawk Lacker and dove Evans face off over inflation
RICHMOND, Virginia (Reuters) - One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
IRS weighs changes to Obama healthcare investment tax rules
WASHINGTON (Reuters) - Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 healthcare law that has received comparatively little attention: a 3.8 percent tax on investment income intended to provide the bulk of the law's funding.
Luxury spending in Europe hit by drop in tourist demand
PARIS (Reuters) - At the seven-story retail temple that is Louis Vuitton's flagship store in Paris, there are signs of a slowdown in spending by Asian tourists - the recent driving force in a European luxury market defying recession.
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