Reuters Money: Jobless claims edge up; still point to healing job market

	Click to View in Browser 08/8/2013 Jobless claims edge up; still point to healing job market WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits rose slightly last week but was still near its lowest level since before the 2007-09 recession, a hopeful sign for the U.S. economy. The Nashville ETF: Will it make music for investors? NEW YORK (Reuters) - Early last Friday, Nashville resident Ralph Schulz and his wife rushed to open a Charles Schwab Corp account, in a hurry to grab some shares of their hometown's first exchange-traded fund - the Nashville Area ETF. Hedge funds rebounded in July but still lag S&P 500 NEW YORK (Reuters) - Hedge funds on average gained 1.2 percent in July, in a turnaround after a brutal June market sell-off sent returns tumbling, according to data published Wednesday. Wall Street watchdog steps up vetting of its arbitrators (Reuters) - Wall Street's industry-funded watchdog is fine-tuning its new policy of checking out its arbitrators, a step viewed as all the more necessary after a court tossed out a ruling involving one who was indicted during a case against Goldman Sachs. Pimco's Gross says extending duration is becoming a 'tired' strategy NEW YORK (Reuters) - Bill Gross, head of bond giant Pimco, said Thursday that gaining yield by extending bond maturity will work less well in a near-zero interest-rate environment, and that he favors other means of achieving profits. Stern Advice: How much monthly income will that 401(k) get you? WASHINGTON (Reuters) - If you think figuring out how much money to put into your retirement savings accounts is complex, wait until it's time to take money out. Buyers in two U.S. states hit $448 million Powerball lottery jackpot MIAMI (Reuters) - Three tickets matched all six numbers in Wednesday's Powerball lottery drawing and will split a $448 million jackpot, authorities said on Thursday. 'Active in drag,' a funky riff for index fund investors NEW YORK (Reuters) - As investors pour more and more money into funds that track indexes, the indexes themselves are getting more esoteric. U.S.-based bond mutual funds post outflows of $6.94 billion: ICI NEW YORK (Reuters) - Mutual bond funds based in the United States had outflows of $6.94 billion in the latest week as investors awaited signs from the Federal Reserve on when it might begin to pare its bond-buying stimulus, data from the Investment Company Institute showed on Wednesday. Analysis: Forex hedging in vogue as U.S. investors target overseas shares NEW YORK (Reuters) - U.S. investors who buy foreign stocks are increasingly looking at currency hedging, a strategy that has had a mixed track record. Related Video Daily Digit: 72% choose thin over $ Why bruised Brazil is a buy Business News Jobless claims edge up; still point to healing job market U.S. same-store sales rise in July, helped by promotions 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