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Friday, May 2, 2014

Reuters Money: SEC probing hedge funds' bets on Herbalife

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05/2/2014
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
SEC probing hedge funds' bets on Herbalife
BOSTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is probing whether a number of hedge funds many have acted improperly when they made bets on nutrition and weight loss company Herbalife Ltd last year, a source said.
For some sports legends, first jobs included garbage man, phone rep
NEW YORK (Reuters) - For American sports fans, this time of year is something close to Nirvana.
Say yes to the dress, but no to the fake
(Reuters) - Christine Stachurski said yes to the dress - and then the dress turned out to be a fake.
Why financial advisers should choose a niche
(Reuters) - Bill Moran's career as a financial adviser with Merrill Lynch blossomed in the 1990s when he came out as a gay man and started focusing on the needs of the gay and lesbian community.
'Bond King' Gross suffers twelfth month of Pimco fund outflows
NEW YORK (Reuters) - The flight from the Pimco Total Return Fund continued apace in April with investors withdrawing another $3.1 billion, the 12th straight month of outflows from the world's largest bond fund, run by Bill Gross.
Ackman's Pershing Square surges in April, beating many rivals
BOSTON (Reuters) - Activist investor William Ackman's Pershing Square Capital Management roared ahead in April with the help of a proposed acquisition, leaving his flagship fund up roughly 19 percent for the year, three sources said on Thursday.
Australia to raise retirement age to 70 by 2035, Treasurer says
SYDNEY (Reuters) - Australian Treasurer Joe Hockey said on Friday that his government would seek to raise the retirement age to 70 by the year 2035 as part of reforms aimed at stemming what they warn is a looming "fiscal crisis."
Commerce Department study finds no evidence 2012 jobs data faked
WASHINGTON (Reuters) - The U.S. Commerce Department found no evidence to support allegations that the monthly unemployment rate was manipulated before the 2012 presidential election, according to a report issued by the agency's office of inspector general on Thursday.
Atlanta Schools' bad pension idea
(Reuters) - Atlanta Public Schools is considering selling up to $540 million of bonds to make a leveraged bet on the stock market, an idea so bad it almost goes beyond the meaning of 'idea' much less 'bad'.
KKR seeks to attract investors at $10,000 minimum
NEW YORK (Reuters) - Private equity firm KKR & Co LP is working with a money manager to launch a closed-end fund that accepts commitments as small as $10,000 and may make shares available on a platform operated by Nasdaq Private Market, a regulatory filing showed Thursday.
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