Reuters Money: New California law gives tax break to for-profit space explorers

	Click to View in Browser 04/30/2014 New California law gives tax break to for-profit space explorers SACRAMENTO, California (Reuters) - For-profit space explorers who make California their headquarters will not have to pay property taxes on their rockets and space stations under a bill signed Tuesday by Governor Jerry Brown. Leading investors lift equity holdings; cut bonds, emerging stocks LONDON (Reuters) - The world's top investors added exposure to equities this month and cut bonds and cash as they grew increasingly confident that geopolitical tensions are unlikely to derail the global economic recovery, Reuters polls showed on Wednesday. Pimco's Gross sees low returns, no bubbles in assets: letter NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond fund at Pimco, said Wednesday the likelihood of 2 percent future cash returns indicated that, while assets are not in a bubble, they would deliver lower returns in future years. Fed expected to take further step toward ending bond buying WASHINGTON (Reuters) - The Federal Reserve is expected to cut its bond-buying program by a further $10 billion on Wednesday as signs mount that the U.S. economy is starting to pull away from its winter slowdown. Fidelity Contrafund cut Yahoo stake by 28 percent in first-quarter BOSTON (Reuters) - Fidelity Investments' Contrafund, the largest mutual fund shareholder in Yahoo Inc, cut its stake in the Internet company by 28 percent in the first quarter, according to the fund's latest disclosure. U.S. funds raise equity stakes, euro zone at 3-year high NEW YORK (Reuters) - U.S. fund managers increased recommended equity holdings in April for the first time in three months, driven by a rise in euro zone share allocations to a three-year high, according to a Reuters poll on Wednesday. Hawaii lawmakers vote to increase hourly minimum wage to $10.10 HONOLULU (Reuters) - Hawaii lawmakers voted late on Tuesday to raise the U.S. state's hourly minimum wage to $10.10 from the federal minimum $7.25 at a time of heated national debate over wages and rising income inequality. U.S. consumer confidence rebounds to pre-crisis levels in first quarter: Nielsen LONDON (Reuters) - U.S. consumer sentiment rose sharply in the first quarter as optimism about the economic outlook improved, according to a global survey which also showed rising confidence in debt-laden euro zone countries. Ex-AIG chief Greenberg must face judge he called biased NEW YORK (Reuters) - Former AIG chief Maurice "Hank" Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. New Medicare coverage of long-term care off to a rocky start CHICAGO (Reuters) - A physical therapist visits Robert Klaiber, 78, weekly to provide a special type of massage that helps alleviate his symptoms from Parkinson's disease. Klaiber's wife, Diane, was under the impression Medicare wouldn't cover the therapy, which costs $500 or more a month. But earlier this month a neighbor noticed an announcement in a retirement newsletter. Related Video Twitter's user growth #'s just weren't good enough- Patil Stocks flip-flop, deals give stability Business News U.S. economy stalls on inventories, trade U.S. private sector adds 220,000 jobs in April: ADP The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend