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Thursday, November 7, 2013

Reuters Money: Giving holiday gifts to clients? Try Thanksgiving

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11/7/2013
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
Giving holiday gifts to clients? Try Thanksgiving
CHICAGO (Reuters) - Thanksgiving is the new Christmas for financial advisers seeking to stand out among clients loaded down with goodies during the increasingly competitive holiday gift-giving season.
U.S. retailers' October sales rise, but holiday concerns remain
(Reuters) - Costco Wholesale Corp and Victoria's Secret parent L Brands Inc were among the major U.S. retailers to report same-store sales gains for October, but the outlook remained downbeat heading into the holiday season.
Twitter set to debut, IPO is 30 times subscribed
(Reuters) - Twitter Inc's initial public offering, which will start to trade on the New York Stock Exchange on Thursday, drew strong demand with investors asking for 30 times the number of shares that were on offer, according to two sources familiar with the deal.
Column: Sustainable investing gets clearer legal backing
LONDON (Reuters) - The body that reviews British law has sought to remove all doubt that investors can target more-sustainable companies, but is less clear-cut over an environmental campaign against fossil fuel investment.
U.S. growth picks up in third quarter as restocking offsets weak spending
WASHINGTON (Reuters) - U.S. economic growth accelerated in the third quarter as businesses restocked shelves but the slowest expansion in consumer spending in two years pointed to an underlying weakness.
Wall Street bonuses to rise 5 to 10 percent this year: consultant
NEW YORK (Reuters) - Wall Street's biggest risk takers - its bond traders - will probably see their bonuses drop this year, while people in safer roles, such as money managers, will likely get a boost, according to a forecast by compensation consulting firm Johnson Associates.
S&P says it may wait for Brazil elections to decide on rating
RIO DE JANEIRO (Reuters) - Standard & Poor's said on Wednesday it could wait until Brazil's presidential elections late in 2014 to decide whether to cut the credit rating of Latin America's largest economy.
T. Rowe, Morgan Stanley funds sitting on whopper Twitter gains
BOSTON (Reuters) - Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet.
Toyota bounty shows Abenomics snags
(James Saft is a Reuters columnist. The opinions expressed are his own)
Analysis: Park's promise of second South Korea miracle risks ringing hollow
SEOUL (Reuters) - South Korean President Park Geun-hye took office in February pledging a "Second Miracle on the Han River", a reference to her father's rapid 1970s industrialization, but nine months into office little has materialized.
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