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Thursday, September 19, 2013

Reuters Money: U.S. jobless claims rise, still distorted by processing backlog

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09/19/2013
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
U.S. jobless claims rise, still distorted by processing backlog
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits rose last week, but it was difficult to get a clear read on the labor market's health because two states appeared to be working through a backlog of unprocessed claims.
JPMorgan makes deals to pay $920 million for Whale probes
(Reuters) - JPMorgan Chase & Co will pay $920 million in penalties in two countries to settle some of its potential liabilities from its "London Whale" derivatives trading losses last year, according to terms made public by regulators on Thursday.
Swiss banker in Cahuzac case released from jail-bank lawyer
ZURICH (Reuters) - A former Geneva-based private banker who was a witness in a tax fraud probe into a French government minister has been released on bail by a Swiss prison, his former employer's lawyer was quoted saying in a newspaper interview on Thursday.
U.S. names alleged co-conspirators in insider case of SAC's Steinberg
(Reuters) - Two months ahead a scheduled criminal trial against Michael Steinberg, a trader at Steven A. Cohen's hedge fund firm SAC Capital Advisors LP, federal prosecutors have named 15 other alleged co-conspirators related to his insider trading case.
Goldman, Ex-Mirae CIO to launch Asia long/short hedge funds
HONG KONG (Reuters) - Goldman Sachs Investment Partners and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to start separate Asian hedge funds as fund launches gather pace in the second half of the year in the region.
Will U.S. middle class lose in fight over financial advice?
CHICAGO (Reuters) - If average Americans haven't been kicked around enough this past decade, now we have this: the middle class is serving as a pawn in Wall Street's high-stakes lobbying battle against stricter rules for brokers.
Fed does right thing in wrong way for wrong reasons
(James Saft is a Reuters columnist. The opinions expressed are his own)
US SEC proposes disclosure of CEO-worker pay difference
WASHINGTON (Reuters) - U.S. corporations will need to disclose how the paychecks of their chief executive officers compare with those of their workers under a new proposal released on Wednesday by a sharply divided U.S. Securities and Exchange Commission.
Miami businessman Osorio sentenced to 12-1/2 years for fraud
MIAMI (Reuters) - A Miami businessman was sentenced to 12-1/2 years in prison for his role in a $40 million investment fraud that promoted low-cost, hurricane-proof houses in Haiti.
U.S.-based stock funds post $5.2 billion inflow in latest week: ICI
NEW YORK (Reuters) - Investors in mutual funds based in the United States gave $5.24 billion to stock funds in the latest week on strong global economic data and reduced fears of a U.S. strike on Syria, data from the Investment Company Institute showed on Wednesday.
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