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Tuesday, May 20, 2014

Reuters Money: Modi mania and activism show growth premium: James Saft

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05/20/2014
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
Modi mania and activism show growth premium: James Saft
(Reuters) - Investor enthusiasm for new Indian Prime Minister-to-be Narendra Modi and for activist investment may spring from a common underlying cause: the reality of lower, less explosive growth.
Buffett: Teach kids financial literacy to spark entrepreneurship
NEW YORK (Reuters) - Billionaire investor Warren Buffett has a double life - as a cartoon character. In his "Secret Millionaires Club," an animated series online and on television, Buffett teaches a group of kids about financial literacy and entrepreneurship.
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.
U.S. regulatory panel will not find problems with risk modeling firms: BlackRock
WASHINGTON (Reuters) - U.S. regulators' concerns about the market relying too heavily on the same risk models provided by a handful of financial firms will be "debunked," a top executive at asset manager BlackRock said on Monday.
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.
For investors, coal brings lumps
CHICAGO (Reuters) - If you care about the environment, you can emulate Stanford University's move to remove coal-producing companies from its endowment portfolio by purging fossil fuel companies from your own investments, although it will take a customized strategy.
Transamerica Asset Management terminates Pimco as investment sub-advisor: SEC
NEW YORK (Reuters) - Transamerica Asset Management, Inc. has terminated Pacific Investment Management Company as an investment subadvisor to an inflation-protected bond fund, effective in the fourth quarter, according to an SEC filing on Monday.
BlackRock advances in pursuit of ETFs with non-daily disclosure
NEW YORK (Reuters) - BlackRock Inc, the largest U.S. provider of exchange-traded funds, has moved a step further toward launching a new breed of ETFs that would be allowed to keep holdings under wraps for months, instead of the daily disclosure now required.
U.S. asset managers overreacting to risk panel review: Treasury's Miller
WASHINGTON (Reuters) - A top U.S. Treasury official said on Monday she is surprised how hard the asset management industry has lobbied against efforts by regulators to explore where the sector poses systemic risks.
U.S. court faults SEC trial strategy against broker, tosses verdict
NEW YORK (Reuters) - Faulting the U.S. Securities and Exchange Commission's trial strategy, a federal appeals court on Monday overturned a jury's finding that a former Prudential Securities broker committed civil fraud by rapidly trading mutual funds.
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