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Monday, May 28, 2012

Reuters Money: Facebook flop hurts small investors' trust in stocks

Reuters » Money 2012
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05/28/2012
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
Facebook flop hurts small investors' trust in stocks
NEW YORK (Reuters) - Just when brokers thought Mom-and-Pop investors were getting excited about the stock market, along came Facebook.
Florida toughest state on jobless benefits: nonprofit groups
MIAMI (Reuters) - Florida is the stingiest state in the country when it comes to providing jobless benefits for the unemployed, two workers' rights groups argued in a complaint lodged with the U.S. Labor Department.
Seven new ways to land that summer job
NEW YORK (Reuters) - While most kids are zoning out to Nickelodeon or playing video games on their parents' iPhones, 13-year-old Jack James is busy creating multiple revenue streams for himself.
Clock ticking on Illinois Medicaid, pension reforms
(Reuters) - Facing a May 31 deadline, the Illinois General Assembly on Friday raced to pass legislation to stop the state from sinking under pension and Medicaid payments, which account for 39 percent of general fund spending.
Facebook's market maker losses may top $115 million: sources
NEW YORK (Reuters) - Four of Wall Street's major market makers involved in Facebook's botched initial public offering last Friday expect their losses from technical glitches on Nasdaq's exchange to be around $115 million.
Five spots where the dollar buys a great vacation
NEW YORK (Reuters) - Here's a nice surprise: the dollar isn't quite the disaster it's been for the last few vacation seasons. Even Europe might be on sale for folks holding greenbacks, as economic troubles in Greece and Spain have pushed down the value of the euro.
Got a penny? Buy a timeshare
NEW YORK (Reuters) - What do you do with that couch change that turns up every few months? How about buying a timeshare?
Analysis: Greeks not alone in bank savings exodus
LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago.
Theme parks offer big draw, big prices
(Reuters) - With summer fast approaching, the nation's theme and amusement parks are gearing up for the seasonal explosion of visitors. If you're going to be among the millions packing these parks, it's time to develop your strategy for maximizing the fun without going broke.
Analysis: Funds of hedge funds fight to stay relevant
ZURICH/LONDON (Reuters) - For funds which market themselves on their ability to spot the sharpest hedge fund minds, it could be their greatest challenge yet. Investors who once trusted them to find the best returns are gaining the expertise and confidence to do it themselves.
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