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Friday, March 16, 2012

Reuters Money: Stern Advice: Inflation that the CPI won't show

Reuters » Money 2012
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03/16/2012
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
Stern Advice: Inflation that the CPI won't show
WASHINGTON (Reuters) - When the consumer price index is released later this week, it's likely to look scary because of the run up in gasoline prices that began at the end of February.
UBS recommends cautious return to risk assets
ZURICH (Reuters) - Investors should move cautiously back into risky assets now the Greek debt restructuring seems to have headed off a euro crisis, as markets could turn sharply if the supply of cheap money dries up, according to Swiss bank UBS.
Jobless in midlife? Old brains can learn new tricks
(Reuters) - The Great Recession has left millions of midlife Americans up a creek without a paddle. Having lost jobs at the peak of their careers, they must find new work for the second half of their lives. Many will likely need to reinvent their careers -- and may consider themselves too old to embark on something new.
MF Global customers may see more payback
(Reuters) - The trustee liquidating MF Global's broker-dealer is asking a bankruptcy court for permission to distribute an additional $600 million to U.S. exchange customers whose accounts were frozen when the futures broker collapsed.
SEC, Citigroup may win appeal in fraud case
(Reuters) - A federal appeals court stopped just short of throwing out a judge's controversial rejection of the U.S. Securities and Exchange Commission's $285 million fraud settlement with Citigroup Inc over mortgage investments.
Analysis: Lose-lose for pension funds as deficit grows
LONDON (Reuters) - This year's surge in equities and other risky assets has been a relief for investors under pressure to boost returns after a dire 2011, but pension funds seem trapped in a low-yield world, aggravating their battle with demographic trends.
Jobless claims fall, manufacturing holds up
WASHINGTON/NEW YORK (Reuters) - Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month.
How to Play It: Going after banks post-stress tests
NEW YORK (Reuters) - In the carnage of the U.S. financial crisis, a familiar refrain echoed throughout Wall Street as the stock market tried to recover: "The market needs the banks for a healthy rally."
In wake of scandals, list highlights ethical firms
(Reuters) - After a wave of scandals including wrongful foreclosures on home mortgages, worker suicides at a major Apple Inc supplier in China and the $1.7 billion accounting fraud at Japan's Olympus Corp, a New York think tank is calling out companies that take the high road.
Corrected: Brain drain reverses course, flows away from America
NEW YORK (Reuters) - Derek Capo was living the high life. He was in his early 20s, an analyst at hedge fund Everest Capital monitoring international equities, and soaking up the weather and nightlife of his hometown of Miami.
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