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Friday, January 3, 2014

Reuters Money: U.S. factory, jobs data show underlying strength in economy

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01/3/2014
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
U.S. factory, jobs data show underlying strength in economy
WASHINGTON (Reuters) - U.S. factory activity held near a 2-1/2-year high in December and the number of Americans filing new claims for jobless benefits fell again last week, suggesting the economy was poised for stronger growth in 2014.
Five predictions for financial markets in 2014
(Reuters) - Happy New Year! For the first time since 2008, we investors, economists and businesspeople say these words without irony. While last year was statistically disappointing, with global growth slowing slightly from 2012 and apparently belying the optimism expressed here last January, the verdict of financial markets and business sentiment has been much more consistent with my predictions. Despite the apparent slowdown, stock markets enjoyed their best performance since the 1990s, long-t
Pimco Total Return has first down year since 1999: Morningstar
NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund, had a negative return for 2013 of nearly 2 percent, its first annual loss in 14 years, as fears of a reduction in the Federal Reserve's bond-buying sent Treasury prices lower, preliminary data from Morningstar showed on Thursday.
Private investors increasingly keen on Ally shares
NEW YORK (Reuters) - Demand for Ally Financial's shares has been ramping up, with investors paying increasingly high prices in recent private transactions that signal the U.S. government could be able to sell its remaining stake in the auto lender this year, sources familiar with the situation said.
BofA Merrill Lynch still top U.S. municipal underwriter
WASHINGTON (Reuters) - Bank of America Merrill Lynch remained the top underwriter in a shrinking U.S. municipal bond market in 2013, while California sold the most debt in the year, Thomson Reuters data released on Thursday showed.
U.S.-based stock funds attract $3.45 billion: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds committed $3.45 billion to stock funds in the week ended Wednesday to capitalize on a final stretch of record gains in the U.S. stock market in 2013, data from Thomson Reuters' Lipper service showed on Thursday.
Cohen's SAC ends life as hedge fund with double-digit returns
BOSTON (Reuters) - Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.
U.S. consumer mood brightens, but home price gains slow
NEW YORK (Reuters) - U.S. consumers' mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices rose again in October, though the pace of gains slowed.
Mortgage bonds reward yield-sensitive investors
WASHINGTON (REUTERS) - Investors searching for higher yields from rock-solid investments were put on hold again last week by the Federal Reserve, which pledged to keep interest rates low even as it scales back its extraordinary monetary easing.
Merrill taps rich investors for ex-convict social-impact bond
NEW YORK (Reuters) - Merrill Lynch and U.S. Trust reached out to some high-powered clients this quarter to invest in a social-impact bond whose proceeds finance a program to lower recidivism rates among ex-convicts in New York.
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