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Friday, August 23, 2013

Reuters Money: Analysis: Rising returns give U.S. public pension funds chance to reform

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08/23/2013

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

Analysis: Rising returns give U.S. public pension funds chance to reform

(Reuters) - Many U.S. public pension funds are benefiting from double-digit annual returns in fiscal 2013 that are giving them breathing space to try to implement reforms and fix gaping deficits.

U.S.-based stock funds post biggest weekly outflow since July '12: Lipper

NEW YORK (Reuters) - Investors in funds based in the United States pulled roughly $9.4 billion out of stock funds in the latest week, marking the biggest outflow from the funds since July 2012, data from Thomson Reuters Lipper service showed on Thursday.

U.S. dealers expected $15 billion reduction in QE3 in September: survey

NEW YORK (Reuters) - Primary dealers surveyed before the Federal Reserve's July policy meeting said they expected the U.S. central bank to trim its asset purchases by $15 billion starting in September.

Shiller's math says the market looks expensive

NEW YORK (Reuters) - Here is a worrisome thought for all the analytical investors out there: What if all this time, you have been looking at the wrong numbers?

BlackRock says funds to follow normal course after Nasdaq glitch

NEW YORK (Reuters) - BlackRock Inc., the world's largest money manager, said on Thursday that its funds will be valued and closed normally after a technical problem forced Nasdaq OMX's Nasdaq exchange to halt trading for much of the day.

U.S. looks to turn the screw in Swiss banks talks

By Martin de Sa'Pinto, Katharina Bart and Patrick Temple-West

New York town warned over pension payment deferrals

NEW YORK (Reuters) - Debt ratings agency Moody's has warned that Huntington, Long Island, could lose its top credit rating if the town funnels more money away from public pensions to meet short-term spending needs, a controversial practice that has skyrocketed among New York's cash-strapped municipalities.

Saft on Wealth: Warren Buffett's bubble cash-out strategy

(Reuters) - Here is Warren Buffett's pension fund management advice in a nutshell: Be patient, buy only a few things, ignore the stock market until it becomes irrationally optimistic, at which point sell.

Federal Reserve appeals ruling on swipe fee for debit cards

WASHINGTON (Reuters) - The Federal Reserve on Wednesday appealed a judge's decision to reject the agency's cap on debit card transaction fees, a controversial requirement of the 2010 Dodd-Frank law.

Regulators accuse adviser of misleading fund board

WASHINGTON (Reuters) - Securities regulators filed civil charges on Wednesday against a North Carolina investment adviser and its former owner, alleging they sought to win business by misleading a fund board about the firm's electronic currency trading program.