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Friday, April 4, 2014

Reuters Money: Noble beginnings: The first jobs of Nobel Prize winners

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04/4/2014
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
Noble beginnings: The first jobs of Nobel Prize winners
Reuters has proven this edict since last August, when we started asking some of America's greatest achievers about the first jobs they had. We have talked to chief executives of billion-dollar companies, beloved authors, TV personalities and tech gurus.
Companies rein in flashy perks, find other rewards for CEOs
BOSTON (Reuters) - For some executives, corporate perks are getting just a little less exciting.
Leaving buyers club could be Fed's next tricky task
SAN FRANCISCO/NEW YORK (Reuters) - With the wind-down of the Federal Reserve's massive bond buying under way, policymakers are beginning to discuss the next stage - when to allow the U.S. central bank's swollen balance sheet to shrink.
BNY Mellon's Arledge faces scrutiny as Main Street strategy lags
BOSTON (Reuters) - BNY Mellon Corp's investment management chief Curtis Arledge is on the hot seat.
Aussie investors hitch ride on home building through 'secondary exposures'
SYDNEY (Reuters) - Investors wanting to profit from steadily increasing home construction in Australia without being overly exposed to the property sector's volatility are loading up "secondary exposure stocks" such as paints and building material suppliers.
Capital flows, improving trade to prop yuan up in second-half
SHANGHAI (Reuters) - The rare and dramatic slide in the yuan exchange rate that has shaken the outlook for the currency is unlikely to last long as trade rebounds and capital inflows resume.
Japan's Kokusai Asset fund knocked from top spot by Fidelity
TOKYO (Reuters) - A global bond fund of Japan's Kokusai Asset Management, which has reigned as the top mutual fund in the country for more than 12 years, was knocked from the position by Fidelity's U.S. high-yield fund as investors become more enthusiastic about chasing higher returns.
Embarrassment of riches drives Australia funds to embrace high risk
SYDNEY (Reuters) - Australian pension funds are investing in riskier assets to overcome an embarrassment of riches - they have too much money and too few investment opportunities.
Former U.S. regulator says Fannie, Freddie investors stand to lose
WASHINGTON (Reuters) - James Lockhart, a former regulator of Fannie Mae and Freddie Mac who is now with private equity firm WL Ross & Co, on Thursday said investors are making "worthless" bets snapping up the stock of the two mortgage finance firms.
Big fear, no action shows ECB limits: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
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