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Friday, May 25, 2012

Reuters Money: Facebook market makers' losses total at least $100 million

Reuters » Money 2012
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05/25/2012
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 market makers' losses total at least $100 million
(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.
In praise of simplicity: James Saft
(Reuters) - It is perhaps the single easiest rule of thumb in investment: favor the simple over the complex.
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.
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.
Why "project bonds" are a good idea: Gerard Wynn
LONDON (Reuters) - European Union backing for extra infrastructure finance may sound like a deliberate distraction from deadlock over much bigger euro bonds, but in fact it is a great idea - the trouble is the tiny sums involved and lack of detail.
Heard in more states: See you in tax court!
(Reuters) - Georgia State Representative Allen Peake owns 20 restaurants and this year he took his frustrations with his tax bills to the state capitol, where he helped push through legislation creating a new state tax court.
Competing student loan plans blocked in U.S. Senate
WASHINGTON (Reuters) - U.S. Senate Democrats and Republicans on Thursday blocked each other's proposals to extend low-interest federal student loans as a deadline neared for an anticipated election-year compromise.
TLC needed, but no rent, for some historic homes
BOSTON (Reuters) - Kevin Kaminski and Maureen Clarke rented their dream home last November: A pre-Victorian farmhouse in Hamilton, Massachusetts, with a sun-drenched southern exposure, fireplaces in every room, original hardwood floors and more than an acre of land adjacent to a wooded park.
State budgets spring new, smaller holes
(Reuters) - For some U.S. states the new fiscal year will bring an old problem: shortfalls.
Vanguard closes junk bond fund to new investors
(Reuters) - Vanguard Group said it was closing its $16.9 billion High-Yield Corporate Fund to most new accounts effective immediately, marking the latest junk bond manager seeking to shut off a flood of cash from investors.
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