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Friday, January 10, 2014

Reuters Money: BlackRock agrees to end analyst surveys and assist probe

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01/10/2014
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
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.
Apollo raises largest PE fund since financial crisis
NEW YORK (Reuters) - Apollo Global Management LLC said on Thursday it had completed fundraising for its latest flagship global private equity fund, amassing $17.5 billion from investors, the most any such fund has raised since the financial crisis.
The value of shoveling snow and other first-job lessons
NEW YORK (Reuters) - Since last August, Reuters has been asking the nation's top achievers about the first gigs that helped launch their careers. And if any common thread has emerged, it's that you never can tell where superstars are going to come from.
Deflation is deflation even if you deserve it
(Reuters) - Here is some unwelcome news for the likes of Greece, Ireland and Cyprus: Apparently it isn't really deflation if you deserve it.
Insight: Credit Suisse sticks with money-losing U.S. brokerage
NEW YORK (Reuters) - Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.
Thinking of rolling over your 401(k)? Think twice
CHICAGO (Reuters) - Regulators are sending a clear warning: Beware the IRA rollover.
How I got divorced for less than $1,500 in legal fees
BOSTON (Reuters) - When my wife and I decided to get divorced, the last thing we wanted was a financial crisis.
SAC's Martoma tried to cover up fraud at Harvard, documents show
NEW YORK (Reuters) - Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks, according to a court document unsealed on Thursday.
U.S.-based taxable bond funds attract $4.6 billion: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds poured $4.6 billion into taxable bond funds in the latest week and limited their commitments to stock funds, taking profits after stellar stock market gains in 2013, data from Thomson Reuters' Lipper service showed on Thursday.
Wall Street watch-dogs target bad rollover advice
(Reuters) - Brokers who give retiring workers bad advice about what to do with their 401(k) plans should expect some headaches: U.S. securities regulators are taking a closer look at what happens when investors roll their workplace balances into private individual retirement accounts.
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