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Thursday, June 20, 2013

Reuters Money: Jobless claims up, but firming labor market tone intact

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06/20/2013
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
Jobless claims up, but firming labor market tone intact
WASHINGTON (Reuters) - More Americans than expected filed new claims for unemployment benefits last week, but still not enough to signal a material shift from the recent pace of moderate job growth.
Wall St. to slide after Fed's stimulus wind-down outline
NEW YORK (Reuters) - Stocks were set to slide at the open on Thursday, adding to a more than 1 percent drop a day earlier, after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's rally.
The end of room service? Not so fast
(Reuters) - When the New York Hilton Midtown said it was dispensing with room service starting in August, it caught the attention of frequent travelers who, after getting in from a long flight, have come to count on being able to order a burger at 2 a.m.
When bipolar disorder leads to extreme shopping
NEW YORK (Reuters) - For some people, overspending might mean ordering the lobster or splurging on an extra pair of shoes at Macy's.
FINRA reviewing brokerages' use of social media
(Reuters) - Wall Street's Financial Industry Regulatory Authority is looking at how brokerage firms supervise their use of communication outlets such as Facebook, Twitter and LinkedIn, the industry-funded regulator said.
The end of room service? Not so fast
(Reuters) - When the New York Hilton Midtown said it was dispensing with room service starting in August, it caught the attention of frequent travelers who, after getting in from a long flight, have come to count on being able to order a burger at 2 a.m.
Switzerland buries U.S. tax law, banks seen at risk
BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax.
For wine investors, it's hard work to drink in success
NEW YORK (Reuters) - When investing in wine, as opposed to drinking it, experts advise leaving your taste buds at the cellar door but keeping your eyes wide-open.
European hedge funds struggle to break into U.S. market
MONTE CARLO, Monaco (Reuters) - European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate.
State Street says global equities chief to leave
BOSTON (Reuters) - State Street Corp announced on Wednesday that global equities chief Alistair Lowe will leave the company by the end of the year as part of a shake-up in its asset management division.
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