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Thursday, December 12, 2013

Reuters Money: U.S. retail sales rise in November, boost economic outlook

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12/12/2013
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
U.S. retail sales rise in November, boost economic outlook
WASHINGTON (Reuters) - U.S. retail sales rose solidly in November, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.
Column: Why minorities are losing the retirement race
CHICAGO (Reuters) - The issue of retirement inequality has caught fire in Washington, D.C., and a report issued this week throws a new log on the flames.
A taper won't come cheaply
(Reuters) - Better economic data has pushed a tapering of bond buying by the Federal Reserve higher up the agenda - even as early as next week. A taper may come, but it won't come cheaply.
Five years later, aide recalls Madoff's arrest on witness stand
NEW YORK (Reuters) - Exactly five years ago, Frank DiPascali was awakened in his New Jersey home by an early call from his boss, Bernard Madoff.
Stubborn U.S. gender pay gap narrows, but worries remain: survey
WASHINGTON (Reuters) - The pay gap between U.S. men and women is closing but younger women face lingering uncertainty about their future earning power, research released on Wednesday showed.
U.S.-based domestic stock funds have second week of outflows: ICI
NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled more than $1 billion from funds that mainly hold U.S. stocks in the latest reporting period on fears of a potential pullback in the Federal Reserve's bond-buying program, data from the Investment Company Institute showed on Wednesday.
Holiday gifts teachers really want
NEW YORK (Reuters) - As the holidays approach, many parents are grappling with the ultimate gift conundrum - is it better to give cash, gift cards or more personal gifts to teachers?
Verizon takes hard line on surveillance vote: activists
BOSTON (Reuters) - Verizon Communications Inc told activist investors on Wednesday that it might skip a vote on a shareholder proposal that seeks details on the company's cooperation with government surveillance efforts.
Investors add to hedge fund holdings in November: data
LONDON (Reuters) - Investors added more cash to hedge funds than they redeemed in November, encouraged by managers making money even as the stock market rally paused, new data showed on Wednesday.
U.S. mutual funds hit investors with big capital gains
BOSTON (Reuters) - Capital gains pain has arrived for U.S. mutual fund investors.
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