Reuters Money: Sales tax measure to go on bankrupt California city's ballot

	Click to View in Browser 07/10/2013 Sales tax measure to go on bankrupt California city's ballot SAN FRANCISCO (Reuters) - Stockton, California's city council voted on Tuesday night to put a measure increasing the city's sales tax on the November ballot to raise revenue to help the city exit from bankruptcy and to increase spending on public safety. Singapore finance minister urges U.S. and Europe to harmonize financial rules SINGAPORE (Reuters) - The United States and Europe need to stop acting unilaterally on financial regulation and align their rules more closely or else they risk undermining the global economy, Singapore's Finance Minister said on Wednesday. KKR tops rivals with largest Asia fund as valuations drop HONG KONG (Reuters) - A record $6 billion Asia fund announced by U.S. private equity firm KKR & Co on Wednesday will be deployed at a time when an economic slowdown and emerging market sell-off has knocked the overall value of Asia Pacific corporations to historic lows. Court rejects U.S. tax practice on foreign gamblers (Reuters) - Foreign gamblers cannot be taxed on every winning bet they make in U.S. casinos when they end up losing money overall, a federal appeals court ruled on Tuesday, rejecting current Internal Revenue Service policy. Senator Hatch says insurance firms can ease U.S. pension crisis WASHINGTON (Reuters) - A top Republican senator unveiled legislation on Tuesday that would radically change public pensions by having life insurance companies pay benefits through annuity contracts, helping to alleviate the underfunding that has engulfed many plans. New baby boomer hobby: trading options NEW YORK (Reuters) - After the financial crisis of 2008 hit their stock portfolio hard, Colorado Springs information technology contractor Mark Brisley and his wife Evie Petrikkou were worried. Reckless bankers, or just stupid and idle?: James Saft (Reuters) - As Supreme Court Justice Potter Stewart once said of pornography, we may not be able to fully define the proposed new British offense of "reckless banking" but I suppose we will know it when we see it. DoubleLine suffers first-ever monthly outflows from U.S. funds in June NEW YORK (Reuters) - DoubleLine Capital LP, the Los Angeles-based firm run by Jeffrey Gundlach, suffered its first-ever monthly outflows across U.S. mutual funds of roughly $1.45 billion in June, Morningstar said on Tuesday. Column: European stocks beckon as EU turns around CHICAGO (Reuters) - Buried in a recent avalanche of anxiety over the Federal Reserve and U.S. bond and stock selloffs was continuing good news about European growth. Column: An environmental compromise for investors: natural gas LONG BEACH, California (Reuters) - Americans are continually encouraged to raise their environmental awareness, but applying green principles to investing isn't easy - at least if making money remains a goal. Producing energy from renewable sources like wind and solar is notoriously unprofitable. Related Video How to play banker on the web Big dividends can mask big risks - Money Clip Business News Wall Street opens flat ahead of Fed minutes U.S. mortgage applications drop with rates at 2-year high: MBA The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend