Reuters Money: California, government shutdown lift U.S. jobless claims to 6-month high

	Click to View in Browser 10/10/2013 California, government shutdown lift U.S. jobless claims to 6-month high WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits hit a six-month high last week amid a computer glitch in California, but the underlying trend pointed to a steadily improving labor market. More money funds could have collapsed in 2008 crisis: NY Fed blog NEW YORK (Reuters) - Twenty-eight U.S. money market funds, instead of just one, could have collapsed during the height of the global credit crisis in 2008, underscoring the severe distress in credit markets following the collapse of Lehman Brothers, according to a blog post from the Federal Reserve of New York. Spain's wealth gap widens in economic crisis MADRID (Reuters) - The gap between Spain's rich and poor widened in 2012 as extreme poverty spread and the number of millionaires jumped, according to two reports. Commodity managers warm up to metals as world economy improves LONDON (Reuters) - Base metals are back in favor with commodity managers after a long period in the dog house, reflecting a new enthusiasm for growth-oriented assets as the global economy picks up. Meredith Whitney raising money for new hedge fund: sources NEW YORK (Reuters) - Analyst Meredith Whitney, who rose to prominence for a prescient call on Citigroup's mortgage troubles in the lead-up to the financial crisis, is launching a hedge fund, two sources familiar with the matter and regulatory filings said on Wednesday. Meet the new Fed, same as the old Fed (Reuters) - The Yellen era will feature more of the same: the same monetary policy and the same unanswered questions. Till death (not retirement) do us part NEW YORK (Reuters) - Statisticians have noted a rise in "gray divorces" lately. Spouses who stayed together through decades of sickness, health, richness, poorness, child rearing and parental health troubles are breaking up, just as they are supposed to be entering their own happy golden years. Hedge funds score big win bankrolling tax refund case WILMINGTON, Delaware (Reuters) - A group of hedge funds looks set to win an eyewatering return after bankrolling the winning party in a court fight over a $373.8 million tax refund in the bankruptcy of Downey Financial Corp. Ending the debt limit crisis: Dear Ben Bernanke (Reuters) - Warren Buffett calls the debt ceiling a "nuclear weapon, too horrible to use." Obama administration official Jason Furman says the consequence of a default on U.S. government debt is "too terrible to think about." When asked about a default, Wells Fargo strategist James Kochan simply commented, "Holy cripes." Banks, money funds shun some Treasuries on Washington gridlock NEW YORK (Reuters) - Banks and money market funds are beginning to shun some Treasuries normally used as collateral in the $5 trillion repurchase agreement market, a sign that the deadlock over raising the U.S. debt ceiling could disrupt a key source of day-to-day funding for the financial system. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News California, government shutdown lift U.S. jobless claims to 6-month high Wall Street set for higher open on Washington hopes 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