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Wednesday, April 23, 2014

Reuters Money: U.S. labor force dropouts want back in: Saft

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04/23/2014
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. labor force dropouts want back in: Saft
(Reuters) - An army of U.S. labor force dropouts stands ready to get back in the game when conditions improve, implying wages, prices and interest rates will stay lower for longer.
Activist investors see Ackman-Valeant deal as a model to follow
NEW YORK (Reuters) - William Ackman's $47 billion joint bid with Valeant Pharmaceuticals International Inc to buy Botox maker Allergan Inc may become a model for future deals, rival fund managers said.
Conservative Koch-backed group uses soft touch in recruiting U.S. Hispanics
ORLANDO, Florida (Reuters) - The conservative advocacy groups backed by the billionaire brothers Charles and David Koch are known mostly for spending millions of dollars to pelt Democratic candidates with negative television ads.
Janus Capital shares up as outflows moderate
BOSTON (Reuters) - Shares of Janus Capital Group Inc rose on Tuesday after the Denver asset manager reported reduced withdrawals of cash by investors.
Exclusive: Fidelity's Danoff looks beyond tech stocks as performance lags
BOSTON (Reuters) - Will Danoff, who runs Fidelity Investments' behemoth Contrafund, is frustrated by his lagging performance this year and is pruning his exposure to cloud software stocks that got clobbered recently in a swift and hard-hitting downturn.
Ackman, Valeant team up to bid for Allergan
BOSTON/NEW YORK (Reuters) - Activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to make a joint run at buying wrinkle-treatment maker Allergan Inc, according to security filings on Monday.
Pimco Global Multi-Asset, Foreign Bond funds hit with sharp outflows
(Reuters) - The Pimco Global Multi-Asset (PGAIX), Pimco Foreign Bond (PFUIX) and Pimco Investment Grade Corporate Bond (PIGIX) funds are suffering the heaviest net outflows over the trailing one-year period through March 31 among U.S.-domiciled Pimco funds rated by Morningstar Inc., data showed on Monday.
Climate is right for clean energy firms
CHICAGO (Reuters) - If you're ecology minded, the news hasn't been all that green of late, with ice caps and glaciers melting and storms becoming more destructive. But there is a huge silver lining for long-term investors in environmentally-friendly companies and technologies.
Students struggle when loan co-signers die, go bankrupt: watchdog
WASHINGTON (Reuters) - The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into default if relatives who co-signed their loans die or declare bankruptcy.
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.
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