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Monday, January 13, 2014

Reuters Money: As more U.S. workers go independent, a retirement time bomb is ticking

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01/13/2014

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

As more U.S. workers go independent, a retirement time bomb is ticking

(The writer is a Reuters contributor. The opinions expressed are his own.)

Analysis: High-priced index funds? The worst deal for investors

NEW YORK (Reuters) - When Vanguard founder Jack Bogle created the first index fund in 1974, the idea was to offer investors a cheap way to buy the performance of a broad market. That idea has caught on, especially recently: In 2013, everyone from 401(k) providers to mom and pop embraced index funds, sending almost $2 into them for every $1 they invested in actively managed funds, according to Morningstar.

Seven mistakes to avoid on financial aid forms

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

Ermotti says UBS is not planning investment bank spinoff - BBG

ZURICH (Reuters) - UBS is not considering spinning off its investment bank, its chief executive Sergio Ermotti said on Monday, rebuffing speculation last week it may consider such a move to quieten demands for it to put aside more capital.

Want to quit your job? New app does it for you via text message

TORONTO (Reuters) - Thinking about quitting your job? A humorous new app aims to relieve the stress and anxiety of confronting the boss with the news by sending a text message instead.

Investment bank Moelis planning IPO - WSJ

(Reuters) - New York-based investment bank Moelis & Co is working with Goldman Sachs Group Inc and others on a potential initial public offering, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Target planning 'significant changes' after data breach - CNBC

(Reuters) - Target Corp plans to make "significant changes" in light of the data breach during the holiday shopping season when hackers stole personal information of millions of customers, the U.S. retailer's chief executive said in an interview with CNBC aired on Monday.

U.S. 'rushed to judgment' against SAC's Martoma, lawyer tells jury

NEW YORK (Reuters) - Prosecutors "rushed to judgment" in charging former SAC Capital Advisors portfolio manager Mathew Martoma with insider trading, his lawyer told jurors on Friday.

Pimco Total Return Fund lifts U.S. gov't holdings to 45 percent: website

NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund, significantly increased its holdings of U.S. government-related debt in December even as continued selling pressure on the bonds contributed to the fund's biggest annual loss in nearly two decades, data from the firm's website showed on Friday.

BlackRock agrees to end analyst surveys and assist probe

(Reuters) - BlackRock Inc, the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office.