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Friday, April 20, 2012

Reuters Money: Get ready for election fun

Reuters » Money 2012
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04/20/2012
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
Get ready for election fun
(Reuters) - If worrying about the impact of politics on your portfolio makes you want to scream, you probably ought to just turn off your TV and phone for the next seven months.
PIMCO fund constrained by investor redemptions
(Reuters) - PIMCO's flagship Total Return Fund was hit hard by investor redemptions in 2011, but this year it is a less famous fund at the world's biggest bond shop that is bleeding the most.
GE profit, revenue top Wall Street forecast
(Reuters) - General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives.
Luxury bag maker Tumi surges in market debut
(Reuters) - Shares of high-end luggage maker Tumi Holdings Inc soared in their market debut as investors bet on a recovery in tourism and continued spending by its wealthy clients.
Investor gadfly Davis calls it quits ... for now
NEW YORK (Reuters) - Wall Street titans can rest a little easier this spring: Evelyn Davis, an investor gadfly whose tirades have brought turmoil to countless annual shareholder meetings, is taking a breather.
Fed clarifies when Volcker rule kicks in
WASHINGTON (Reuters) - The Federal Reserve on Thursday clarified that U.S. banks will have at least until July 21, 2014 to ease into the Volcker rule's trading and investing crackdown, as regulators sought to temper panic on Wall Street that the restrictions would be strictly enforced starting this summer.
Judge narrows Lehman $8.6 billion lawsuit vs JPMorgan
(Reuters) - A federal judge has narrowed Lehman Brothers Holdings Inc's $8.6 billion lawsuit against JPMorgan Chase & Co, potentially reducing how much creditors of what was once the fourth-largest U.S. investment bank may ultimately recover.
Making the most of that shiny new HSA
NEW YORK (Reuters) - Health savings accounts have been around for almost a decade, but lately people have been snapping them up like they are milk and rock salt, and a big snow storm is brewing.
Consumer-directed U.S. health insurance surges
CHICAGO (Reuters) - There may not be a consensus in the nation's capital on how to control the cost of health care, but businesses and their employees are not sitting around waiting for clarity. They are voting with their wallets for one approach that's already available: Account-based health insurance plans, which offer lower premiums in exchange for high deductibles.
Travelers smashes estimates, insurance rates rising
(Reuters) - Property insurer Travelers Cos Inc blew past Wall Street earnings estimates for the first quarter and raised its dividend 12 percent as natural disaster losses declined and insurance rates continued to rise after years of weakness.
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