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Wednesday, June 19, 2013

Reuters Money: When bipolar disorder leads to extreme shopping

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06/19/2013
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
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.
Analysis: Hospital investors sold on U.S. health reform despite bumps
CHICAGO (Reuters) - Shares of U.S. hospital operators have been on a tear this year, on average posting triple the gains of the broader stock market, as investors tallied up the benefits of President Barack Obama's healthcare reform.
Rhode Island on track to make payment on 38 Studios bonds
(Reuters) - Rhode Island remains on track to make a $2.5 million interest payment next year on bonds that were used to finance the facilities of 38 Studios, a now-bankrupt videogame company founded by former Boston Red Sox pitcher Curt Schilling.
Empire State Building gets 'left-field' $2 billion offer to sell
NEW YORK (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment trust.
New York state announces plan for board to help cash-strapped cities
NEW YORK (Reuters) - New York state lawmakers on Tuesday announced plans to create a financial restructuring board and binding arbitration process to help struggling municipalities manage their finances.
Hedge funds brace for renewed debt crisis
MONACO (Reuters) - The euro zone's debt crisis may be far from over, while Japan's money-printing gamble to revive its economy could destabilize global markets if it doesn't work, some hedge fund managers say.
The rich expand their holdings and increase in number: study
(Reuters) - The number of millionaires in the world jumped 9.2 percent to 12 million last year, in part because of simultaneous strength in the stock, bond and real estate markets, according to a study of the high-net-worth population.
Rebalance of Russell index to bring volume surge at quarter-end
NEW YORK (Reuters) - Investors accustomed to late market volatility at the end of the quarter should expect an extra jolt on June 28, when billions of dollars in stock trades will be executed in less than two seconds.
Hedge fund managers don hairshirts and 'impact investing' at Monaco meet
MONACO (Reuters) - Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
Finding value when the market misbehaves
CHICAGO (Reuters) - Traders are nervous as Wall Street waits for the Federal Reserve to reveal its next quantitative easing move. Last week marked the third week out of the last four in which major indexes turned negative.
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