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Wednesday, December 18, 2013

Reuters Money: Fidelity's new funds look to exploit index investing's weak spots

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12/18/2013
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
Fidelity's new funds look to exploit index investing's weak spots
BOSTON (Reuters) - Fidelity Investments, whose market share has been eroded by the stampede out of actively managed portfolios, on Wednesday launched two funds that will seek to exploit investors' desire for passive index funds.
Insurers wary of new Obamacare fix for January health plans
(Reuters) - Insurance companies are struggling with a new request by the Obama administration to make sure people receive medical benefits under healthcare reform come January 1, even if they miss a sign-up deadline set for next Monday.
Analysis: Investment risks of fast-tracking biotech drugs become apparent
(Reuters) - With biotech's bull run nearing its third year, some savvy investors believe it is time to seek safety in size.
Mega Millions lottery winning tickets sold in California, Georgia
ATLANTA (Reuters) - A store owner in Atlanta said she was thrilled to learn on Wednesday that her shop, and another in San Jose, California, had sold winning tickets for an estimated $636 million Mega Millions jackpot, the second biggest in U.S. lottery history.
Insider trading case of SAC's Steinberg reaches jury
NEW YORK (Reuters) - The fate of SAC Capital Advisors portfolio manager Michael Steinberg was in the hands of a jury on Tuesday, after more than four weeks of trial on charges he traded on inside information.
Should the U.S. force citizens to save?
(Reuters) - Americans aren't saving enough to retire. This gap poses a problem for everyone, not just people who will face near-poverty when they can't work anymore. Does that merit forcing people to save more?
Why your health insurance may soon resemble your 401(k)
CHICAGO (Reuters) - Are you ready for the 401(k)-ization of health insurance?
U.S. consumer watchdog wants more college debit card transparency
WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau on Tuesday called for banks to disclose their agreements with universities to market debit cards and other prepaid financial services to students.
Wall Street watchdog to expand anti-money laundering exam team
NEW YORK (Reuters) - Wall Street's industry-funded watchdog is stepping up efforts to monitor securities brokerages' anti-money laundering compliance programs, acknowledging that firms continue to have problems more than a decade after a federal law boosted their requirements in this area.
Wine experts say holiday champagne recession is over
NEW YORK (Reuters) - After years of resorting to less costly sparkling beverages, many wine experts said they will be popping champagne corks this New Year's Eve, which could be an indication of better economic times ahead.
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