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Wednesday, June 5, 2013

Reuters Money: Private sector adds 135,000 jobs in May: ADP

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06/5/2013
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
Private sector adds 135,000 jobs in May: ADP
NEW YORK (Reuters) - Companies picked up the pace of hiring in May, though job growth remained sluggish and fell short of economists' expectations as the goods-producing sector shed payrolls.
Rich Europeans urged to free up cash holdings
ZURICH (Reuters) - Europe's rich need to take more investment risk to prevent their wealth from being eroded, several private bankers said this week.
Swiss lawmakers put U.S. tax deal vote on ice
BERN/ZURICH (Reuters) - Switzerland's parliament halted a bill on Wednesday that would let Swiss banks hand over client information to the U.S. authorities as part of a clampdown on tax evasion, saying it needed to know more about what the deal involved.
Me & My Money: Arkadi Kuhlmann
CHICAGO (Reuters) - Long-time banking innovator Arkadi Kuhlmann likes to take control of his own money. That's hardly surprising for an executive who introduced consumers to direct, branchless banking as the founder of ING Direct Canada in 1996.
FINRA to warn investors on alternative securities
NEW YORK (Reuters) - Wall Street's industry-funded watchdog will soon publish the latest in a series of warnings to investors, this time about the risks of alternative securities, its chief said on Tuesday.
IRS has no plans to verify tax returns ahead of refunds: watchdog
WASHINGTON (Reuters) - The Internal Revenue Service is a long way from developing a system to verify an individual's annual income-tax filing before sending out a refund, a government watchdog said on Tuesday.
MF Global ends bankruptcy as trustee Freeh steps down
NEW YORK (Reuters) - Collapsed brokerage MF Global Holdings Ltd on Tuesday effectively ended its bankruptcy, saying court-appointed trustee Louis Freeh will step down and hand the estate's remaining wind-down duties to a new three-member board.
In bid to trim legal settlements, Detroit manager takes hard line
DETROIT (Reuters) - Once teeming with 1.9 million people during its industrial peak in the 1950s, Detroit is now falling apart and attracting dozens of lawsuits that serve as a chronicle of urban decay: exposed manholes, malfunctioning traffic lights and broken sidewalks.
Blocked treaties a concern ahead of tax evasion law: Treasury
WASHINGTON (Reuters) - A lone Republican lawmaker blocking Senate votes on several tax treaties is a concern, but won't stop a new anti-tax evasion law from taking effect in 2014, a Treasury Department official said on Tuesday.
DoubleLine's Gundlach says bond yields won't rise significantly
NEW YORK (Reuters) - Head of DoubleLine Capital LP Jeffrey Gundlach, and one of the most closely watched bond-fund managers, said via a company webcast on Tuesday bond yields likely will not move much higher and the 10-year Treasury yield will end the year at 1.7 percent.
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