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Tuesday, October 22, 2013

Reuters Money: This is Dimon's job: James Saft

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10/22/2013
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
This is Dimon's job: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
They had to start somewhere: First jobs of media stars
(The writer is a Reuters contributor. The opinions expressed are his own.)
Column: MBS investors and the $13 billion JPMorgan deal - Frankel
NEW YORK (Reuters) - By all accounts, JPMorgan Chase is on the verge of a record-setting $13 billion settlement with the Justice Department and other state and federal regulators that will resolve the bank's civil liability to the government for the sale of mortgage-backed securities, by JPMorgan itself and by Bear Stearns and Washington Mutual.
U.S. money funds recoup assets after U.S. debt deal
NEW YORK (Reuters) - Investors poured cash back into U.S. money market funds the day after Washington reached an agreement to raise the federal debt ceiling temporarily and avert a default, private data released on Monday showed.
They had to start somewhere: First jobs of media stars
NEW YORK (Reuters) - When Reuters asked some of the nation's finance gurus about their first jobs, we were taken aback by their down-to-earth answers.
Harvard taps investment arm veteran to oversee private equity
BOSTON (Reuters) - Harvard Management Company, which manages the Ivy League school's $32.7 billion endowment, said on Monday it promoted Lane MacDonald to oversee its private equity investments.
Cash Out: why some investors hold foreign currencies
NEW YORK (Reuters) - You've heard of Doomsday Preppers: folks who think cataclysmic events are on the way, and who want to be prepared by stockpiling resources.
Three portfolio strategies to hedge political risk
CHICAGO (Reuters) - For angst-addled market watchers, the U.S. debt ceiling and budget chaos has been like one of those amusement-park rides in which you ride upside down. It's harrowing and probably not over yet.
SEC chair pushes hedge funds to be more open on private stock deals
WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission vowed to plow ahead with controversial new rules requiring hedge funds to disclose details about private stock deals before advertising them, a move that is likely to irk the industry.
Fidelity Contrafund adds to Google stake, sees payoff
BOSTON (Reuters) - Fidelity Investments' $101 billion Contrafund added to its industry-leading stake in Google Inc in the third quarter, and got a payoff on Friday as the Internet company's stock soared past $1,000 a share to an all-time high.
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