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Friday, April 13, 2012

Reuters Money: Art buying gets more democratic

Reuters » Money 2012
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04/13/2012
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
Art buying gets more democratic
NEW YORK (Reuters) - Visitors who have tried to visit New York's vaunted Armory Show of contemporary and modern art last month may have spent more time pushing through crowds than examining the exhibitions.
The new perks of first-class travel
NEW YORK (Reuters) - During a recent trip to Colorado, jewelry designer Alicia Mohr planned another vacation from an unusual spot - a hot tub at a Starwood hotel, where she is a platinum-level preferred customer.
Bernanke's Instagram bubble
(Reuters) - Instagram founders Kevin Systrom and Mike Krieger ought to get down on their knees every night and thank Ben Bernanke.
Tax collection up in all 50 states in 2011: Census
(Reuters) - Tax collection rose in all 50 states in fiscal 2011, and in nine states increased more than 10 percent, according to U.S. Census data released on Thursday that marked the end of a severe revenue collapse.
Taxed by the boss: David Cay Johnston
(Reuters) - Across the country more than 2,700 companies are collecting state income taxes from hundreds of thousands of workers - and are keeping the money with the states' approval, says an eye-opening report published on Thursday.
A new Great Rotation?
(Reuters) - One of these days, and it might start soon, investors are going to begin to reverse their multi-year rotation out of stocks and into bonds.
Air carrier shutdown ruins vacation plans
(Reuters) - Jocelyn Floyd was waiting with her kids at the airport in Springfield, Illinois, for a flight to Florida in March when the fun spring break trip was replaced with jarring news: not only was the flight canceled, but the carrier had suspended operations.
Analysis: Funds cut expenses lending hot stocks to shorters
BOSTON (Reuters) - A string of frothy initial public offerings gave a surprise boost to some of their mutual fund shareholders in the first quarter.
BofA launches second round of bulk sales of foreclosed homes
NEW YORK (Reuters) - For the second time in five months, Bank of America is tapping the red-hot market for foreclosed homes by seeking bids on a bulk offering of several hundred single-family homes.
Hedge funds see silver lining in Dodd-Frank law
(Reuters) - Some hedge funds are seeing a silver lining in the Dodd-Frank law as it lifts the industry's veil of secrecy.
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