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Friday, March 23, 2012

Reuters Money: Bank of PTA: Parents scramble to fill school budget gaps

Reuters » Money 2012
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03/23/2012
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
Bank of PTA: Parents scramble to fill school budget gaps
NEW YORK (Reuters) - Rebecca Levey, co-president of the Parent Association at the William T. Sherman School in New York, is terrified about the school's upcoming auction. A team of experienced volunteers is managing the March 24 event which will be held at a St. Paul's the Apostle Church, and the stakes are high.
Saft on Wealth: High profits face a test
(Reuters) - With corporate profit margins at record levels, the stock market faces a challenge because the logical next move may well be down.
Exclusive: UAW steps up bid to organize VW U.S. plant: sources
CHATTANOOGA, Tenn./DETROIT (Reuters) - The United Auto Workers union is soliciting signatures of support from workers at Volkswagen AG's U.S. factory, an escalation of its effort to establish a foothold outside the Detroit automakers.
Analysis: Do not panic: The rally in risk assets is for real
NEW YORK (Reuters) - If you're waiting for the next meltdown in U.S. stocks or in commodities, you may want to get over it.
IRS audit rate jumps for multimillionaires
WASHINGTON (Reuters) - Tax officials are putting a closer microscope on the tax filings of multimillionaires, with the audit rate for those making more than $10 million a year jumping in 2011, according to newly released documents.
Morgan Stanley directors win pay lawsuit dismissal
(Reuters) - Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded federal bailouts.
American Airlines parent may reject union pacts
NEW YORK (Reuters) - The parent of American Airlines Inc is preparing to void union contracts through the bankruptcy process within one week unless there is a "profound change" in the unions' labor proposals, a lawyer for the company said on Thursday.
Banks may get breathing room on Volcker rule
WASHINGTON (Reuters) - Banks may get breathing room on the Volcker rule's looming crackdown on proprietary trading, after a Federal Reserve official pledged to ease firms into compliance and Representative Barney Frank asked regulators to scrap their original proposal in favor of a simpler approach.
Global regulators progress on insurer rules
LONDON (Reuters) - Global regulators said on Thursday they will consult in the summer on how they will pick insurers that must undergo tougher supervision because of their systemic importance.
FTC says it halted mortgage relief scam
(Reuters) - A district court in California has shut down a foreclosure rescue fraud that urged homeowners to pay thousands of dollars to join lawsuits against their lenders, the Federal Trade Commission said on Thursday.
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