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Monday, May 19, 2014

Reuters Money: Financially smart gifts for the new grad

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05/19/2014
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
Financially smart gifts for the new grad
LOS ANGELES (Reuters) - Americans typically spend nearly $5 billion on gifts for graduates, with a little over half giving cash and a third offering gift cards, according to last year's National Retail Federation survey.
Grandparents race to the rescue of college funds
NEW YORK (Reuters) - In an era of stagnant wages and rising prices, Americans are expected not only to pay the daily bills and save millions for retirement, but also put away enough for college for their kids.
Ally shares may face bumpy road as private investors sell
(Reuters) - More than half of Ally Financial Inc's shares could hit the market beginning next week and lasting through August, holding back its share price.
Hedge fund manager Chanos wary of Japan PM's plans to rearm
LAS VEGAS (Reuters) - Prominent hedge fund manager Jim Chanos on Friday called Japan's Prime Minister Shinzo Abe the most dangerous figure in Asia, citing his plans to rearm his country.
Investors withdraw appeals against California eminent domain plan
NEW YORK (Reuters) - Pacific Investment Management Co, BlackRock Inc and DoubleLine Capital LP and other investors on Friday withdrew appeals of a ruling that had dismissed their lawsuits to block a California city's plan to seize mortgages and keep delinquent borrowers in their homes.
Hedge fund moguls put money on Asian Internet, low-volume stocks
LAS VEGAS (Reuters) - From Asian Internet stocks, which have boomed over the last year, to food and paper products companies, prominent hedge fund investors listed their favorite stocks on Thursday at an industry meeting dominated by talk of where markets will move.
New York state regulator offers new rules on private equity insurer buys
NEW YORK (Reuters) - New York's top financial regulator on Friday proposed tougher rules for private equity firms and others buying insurance companies, increasing scrutiny in a bid to protect retirees and others who typically buy annuities.
U.S. regional banks tip-toe into commodities as Wall Street faces shake-out
NEW YORK (Reuters) - Two years ago, Denver-based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production - and it called on some regional Main Street banks to help do it.
How to get compensated for air travel delays
(Reuters) - Last summer, Mark Wilson waited in a Rome airline terminal for a connecting flight to London on his way home to New York. And waited. And waited. By the time he arrived in London four hours late, the final New York-bound flight had departed.
AstraZeneca rejects Pfizer's take-it-or-leave-it offer
LONDON (Reuters) - Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer, undermining the U.S. drugmaker's plan for a merger to create the world's biggest pharmaceuticals group.
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