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Tuesday, April 15, 2014

Reuters Money: U.S. healthcare usage and spending resumes rise in 2013: report

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04/15/2014
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U.S. healthcare usage and spending resumes rise in 2013: report
(Reuters) - Americans used more health services and spent more on prescription drugs in 2013, reversing a recent trend, though greater use of cheaper generic drugs helped control spending, according to a report issued on Tuesday by a leading healthcare information company.
Tech downdraft may spread: James Saft
(Reuters) - Calling the stock market downdraft a correction contained to technology may be both optimistic and premature.
Herbalife hit with investor lawsuit over 'pyramid' claims
(Reuters) - Herbalife Ltd was hit with a shareholder class action lawsuit Monday accusing the multilevel-marketing company of failing to disclose to investors that its operations were based on a pyramid scheme.
Lawsuit claims CME gave high-frequency traders special access
(Reuters) - A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access.
Tax refund psychology says splurge in order to save
NEW YORK (Reuters) - There are many enterprises out there trying to separate you from your tax refund - from splurges such as airlines tickets for a celebratory vacation or for good purposes, like putting it all in a college savings account.
How to avoid the trouble coming to the tech sector
CHICAGO (Reuters) - A resounding shot across the bow has been fired at the tech sector in recent weeks. The tech-heavy Nasdaq Composite Index is down nearly 5 percent in April through Friday's close and the Nasdaq Biotechnology Index is off 21 percent from its record closing high on February 25. Many of the sector's flagships and newcomers have been in the crosshairs.
Carlyle sees private-equity focus on emerging markets
RIO DE JANEIRO (Reuters) - The global private equity industry will focus more on emerging markets in coming years as Brazil and China become the leading global recipients of capital from the sector, a senior industry executive said on Monday.
Puerto Rico's new bonds sink to record closing low
(Reuters) - The price of Puerto Rico's newest bonds fell again on Monday, underperforming the wider municipal bond market to notch their lowest session-ending price since their debut a month ago.
Hedge fund manager Loeb says Sotheby's attacks on him are 'false'
BOSTON (Reuters) - Activist investor Daniel Loeb, who is fighting to win control of three board seats at Sotheby's, on Monday raised the temperature by saying the current board has failed and that its attacks on him are "false" and "misleading."
TIAA-CREF to buy Nuveen Investments for $6.25 billion
(Reuters) - TIAA-CREF, an insurer and asset manager focusing on workers at non-profit organizations, said it would acquire fund manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings.
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