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Tuesday, April 23, 2013

Reuters Money: More than 90 percent of New York, New Jersey Sandy claims settled - trade group

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04/23/2013
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
More than 90 percent of New York, New Jersey Sandy claims settled - trade group
(Reuters) - More than 90 percent of the insurance claims lodged in New York and New Jersey in the wake of Superstorm Sandy have been settled, the Insurance Information Institute said on Monday.
Industrial IPOs increase as investors bet on economy, housing
NEW YORK (Reuters) - Investors looking to take advantage of the recovering U.S. housing market have flocked to large public offerings from industrial companies despite the sector's high debt load and modest growth.
Two former prosecutors named to head U.S. SEC enforcement
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has named two former federal prosecutors as co-heads of enforcement, in one of new agency chief Mary Jo White's first actions on the job.
KPMG chairman says campaign against auditor anonymity misleading
SHANGHAI (Reuters) - Renewed calls by U.S. regulators for those who sign off on audit reports to be publicly named, sparked by an insider trading scandal at KPMG, will do little to restore investor confidence, the audit firm's chairman said on Tuesday.
The next crisis: Fed promised, Fed delivered - James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own.)
Bugged out on gold? Try REITs instead
CHICAGO (Reuters) - In the wake of a dramatic gold sell-off over the last two weeks, investors are looking for other ways to hedge against inflation.
Former Office Depot executive fined by SEC for insider trade
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Monday that it had fined Mark Begelman, a former head of Office Depot, for insider trading after he heard news of an imminent merger.
Analysis: Boomer downsizing trend hasn't materialized yet, but may
(Reuters) - When Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000-square-foot, five-bedroom house where they had raised their children in Vienna, Virginia.
Morningstar: 529 college savings plans up in 2012 despite some lags
NEW YORK (Reuters) - Families saving for college poured billions of dollars into U.S. 529 education savings plans over the past five years, even as these plans' performance lagged behind other investments like mutual funds, investment research company Morningstar Inc said on Monday.
Luxury carmakers chase India's young, female and frugal
MUMBAI (Reuters) - Luxury carmakers in India are moving downmarket and shifting production of smaller and cheaper cars to local plants to cut costs, broadening their target market to include India's young, female and middle-class drivers to boost lackluster performance.
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