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Monday, April 30, 2012

Reuters Money: U.S. March personal incomes rise, consumers save more

Reuters » Money 2012
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04/30/2012
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
U.S. March personal incomes rise, consumers save more
WASHINGTON (Reuters) - U.S. household income rose in March by the most in three months but consumers socked away part of the extra cash and only modestly increased spending, suggesting economic growth ended the first quarter on a soft note.
Investing in the wretched: James Saft
(Reuters) - At a time when one super-stock, Apple, is driving returns and portfolio construction, it is important to remember that there is usually more to be gained from the widely derided than from the universally loved.
Sales-tax deal with Texas is Amazon's latest
(Reuters) - Amazon.com agreed to begin collecting sales tax in Texas on Friday, forging a deal that promises to bring more jobs to the southern U.S. state and as the online marketer lost another round in a series of state-by-state sales tax battles.
Finding ugly ducklings in a waddling market
CHICAGO (Reuters) - Ugly duckling stocks are surprises in small packages that turn into great performing swans later on down the road. Nearly every large company started out as a "small cap," which generally refers to a stock with under $1 billion in market capitalization. Most small companies do unsexy things such as make pumps or generic drugs. You'll rarely hear them touted by big-name analysts or firms.
Wealthy US investors less bullish than advisers -polls
NEW YORK (Reuters) - Wealthy U.S. investors are far less optimistic than financial advisers on almost all aspects of the economy, according to two studies released by Charles Schwab Corp released on Thursday.
Regulator delays giving view on home loan writedown
WASHINGTON (Reuters) - The U.S. mortgage finance regulator said on Friday it was not ready to respond to an Obama administration proposal to allow principal reduction on certain home loans.
Straight talk with regulators can ease pain of exams
(Reuters) - Playing host to regulatory examiners while they sift through documents for weeks is not a role that brokerages typically relish.
Consumer sentiment little changed in April
NEW YORK (Reuters) - Consumer sentiment was little changed in April as Americans expected the economy to slowly improve, though they were less cheery about the state of their own finances, a survey released on Friday showed.
Republicans insert healthcare into student loan fight
WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives defied a veto threat by President Barack Obama on Friday and voted to take money from his healthcare overhaul to extend low-interest rates for federal student loans.
Sparks fly over dark pools stock trading reform
LONDON (Reuters) - Europe's regulators are closing in on reform of "dark pools" stock trading, a move aimed at increasing transparency but which long-term investors fear will increase their trading costs.
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