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Monday, October 14, 2013

Reuters Money: Washington drives U.S. consumer sentiment to nine-month low

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10/14/2013

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

Washington drives U.S. consumer sentiment to nine-month low

NEW YORK (Reuters) - U.S. consumer sentiment deteriorated in October to its weakest in nine months as the first federal government shutdown in 17 years undermined Americans' outlook on the economy, a survey released on Friday showed.

Hedge fund firm opens EU fund to keep insurance client

LONDON (Reuters) - Hedge fund firm Finisterre Capital has launched an EU-regulated fund after one of its insurance clients threatened to pull out its money from an existing fund because new industry rules will make it more expensive to invest in unregulated products.

JPMorgan posts first loss since 2004, a blow to Dimon

(Reuters) - Jamie Dimon, JPMorgan Chase & Co Inc's hard-charging chief executive, looked a bit more vulnerable on Friday after the bank took a $7.2 billion hit from litigation expenses and posted its first quarterly loss since 2004.

Stock funds worldwide have $6.5 billion outflow: BofA

NEW YORK (Reuters) - Investors in funds worldwide pulled $6.5 billion out of stock funds in the latest week because of the extended U.S. government shutdown and concerns over the debt ceiling, data from a Bank of America Merrill Lynch Global Research report showed Friday.

U.S. looking at alleged forex manipulation: source

WASHINGTON (Reuters) - The U.S. Justice Department is making inquiries into allegations of foreign exchange rate manipulation centered on the Swiss franc, but has left the heavy lifting to Europe, according to a source familiar with the probe.

Kleiner Perkins closes ranks on early-stage investing

SAN FRANCISCO (Reuters) - Venture-capital firm Kleiner Perkins Caufield & Byers is reorganizing its partner ranks so that just five managing directors will lead its early-stage investments, according to a memo to its investors obtained by Reuters.

How to cope with dreaded retirement distributions

(The author is a Reuters columnist. The opinions expressed are his own.)

The doomsday portfolio: How to invest for default

NEW YORK (Reuters) - What should investors do if they think their portfolio is facing doomsday?

U.S. jobless claims at six-month high but trend improving

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless aid touched a six-month high last week as a computer-related backlog of claims was processed and a partial U.S. government shutdown began to hit some non-federal workers.