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Monday, April 21, 2014

Reuters Money: Social Security to resume benefits statement mailings

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04/21/2014
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
Social Security to resume benefits statement mailings
CHICAGO (Reuters) - Paper Social Security benefits statements, which used to be mailed out every year and then fell victim to budget cuts, are going to make a partial comeback.
Most businesses plan increase in capital investment: survey
WASHINGTON (Reuters) - Economists at a broad swath of U.S. businesses expect their firms will ramp up capital investments over the next year, a positive sign for the long-term economic growth outlook.
Resist the urge to go overboard on college test prep
LOS ANGELES (Reuters) - Parents of high school students have to face the facts: Their child is not going to have the choices facing Kwasi Enin, the New York teenager accepted to all eight Ivy League colleges. Most students don't have a chance at getting into any of the nation's top schools.
Former Soros team to start $150 million Hong Kong-based hedge fund
HONG KONG (Reuters) - A former Soros Fund Management team will start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the biggest start-ups in the region this year.
Apache CEO, Vermont activist build alliance on climate issues
NEW YORK (Reuters) - Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.
No U.S. IRS audits for most big financial partnerships: report
WASHINGTON (Reuters) - Fewer than 1 percent of partnerships with more than $100 million in assets, including hedge funds and private equity firms, are audited by the U.S. Internal Revenue Service, a government report said on Thursday.
For Morgan Stanley, playing it safe pays off
(Reuters) - A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track and investors who sold shares had made a mistake.
Career risk makes the world go round: James Saft
(Reuters) - Fund and pension investors who are watching their biotech and social media stakes melt before their eyes may well feel they've had their pockets picked by self-serving investment managers.
BlackRock's quarterly profit climbs as investors pile into funds
NEW YORK (Reuters) - BlackRock Inc, the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.
Helping clients choose annuities or lump sums
(Reuters) - Your client plans to retire soon and his employer's defined benefit plan offers a choice: take a monthly pension or a lump sum distribution that can be rolled over to an Individual Retirement Account. The client wants your input because a good chunk of his net worth is tied up in the plan, not to mention his retirement security.
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