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Thursday, June 27, 2013

Reuters Money: Consumer spending rebounds, jobless claims fall

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06/27/2013
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
Consumer spending rebounds, jobless claims fall
WASHINGTON (Reuters) - Consumer spending rebounded in May and new applications for unemployment benefits fell last week, suggesting the economy remained on a moderate growth path.
Hedge fund firm Lansdowne names new CEO
LONDON (Reuters) - One of London's largest hedge fund firms, Lansdowne Partners, has named Alex Snow, the former head of UK Investment Banking at Investec, as its new chief executive officer.
Gay marriage ruling boosts key retirement benefits
CHICAGO (Reuters) - The U.S. Supreme Court's decision striking down a key provision of the Defense of Marriage Act (DOMA) means that the spousal benefits of the two most important U.S. retirement programs - Social Security and Medicare - will be extended to married, same-sex couples.
Nestle to help 20,000 young people find jobs in Europe
VEVEY, Switzerland (Reuters) - Nestle, the world's biggest food company and a major employer in Europe, plans to recruit 20,000 young people as the continent grapples with a youth unemployment crisis that is sapping consumer confidence.
Are Bitcoin buyers enthusiasts or savvy speculators?
NEW YORK (Reuters) - Pat Chen made a Bitcoin the other day. But he didn't mine it the way you are supposed to by following a set of instructions using a specialized algorithm to create the digital currency, then waiting to snag one of the 21 million Bitcoins that will be generated by the year 2140.
Do no harm: Protecting retirees in shaky pension plans
CHICAGO (Reuters) - We've all heard the physician's Hippocratic oath: "First, do no harm." But there's a similar, less-well-known principle in the world of pensions: First, do no harm to retirees.
Battered U.S. muni bond market entices investors sitting on cash
BOSTON (Reuters) - The municipal bond market's correction in June, one of the steepest drops in a decade, has led to an easy decision for investors this summer: buy munis.
Column: "Green" energy hasn't bloomed for investors - yet
LONG BEACH, California (REUTERS) - The term "green energy" refers to the benign environmental impact of fuel sources, such as wind and solar, that President Barack Obama promoted in a speech on Tuesday. It does not refer to that industry's investment returns, which have been awful over the long haul.
Gay couples get new world of retirement, tax benefits
WASHINGTON (Reuters) - Same sex couples are rejoicing after today's Supreme Court ruling declaring the Defense of Marriage Act unconstitutional. It offers federal recognition of the unions and invites them into a new and potentially lucrative world of shared tax, retirement, estate and employee benefits.
Consumer spending rebounds, income jumps
WASHINGTON (Reuters) - Consumer spending rebounded and incomes recorded their largest increase in three months in May, adding to data that have suggested the economy has shifted to firmer ground.
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