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Wednesday, May 30, 2012

Reuters Money: Home prices rise but consumer confidence cools

Reuters » Money 2012
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05/30/2012
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
Home prices rise but consumer confidence cools
NEW YORK (Reuters) - Home prices edged higher for the second month in a row in March as the housing recovery picked up traction, while gains in some of the hardest hit areas suggested the improvement was becoming more broad-based.
Are commodities at risk of de-financialization? Kemp
LONDON (Reuters) - Unless returns on commodity futures and options start to pick up soon, institutional investors may sour on the asset class and scale back or terminate their exposure to it, ending a decade-long trend that has seen increasing financial involvement in commodity derivatives.
Advisers still shaky on social media policy
(Reuters) - As the securities industry finally warms up to using social media sites such as Facebook and LinkedIn, regulators are discovering that brokerages and investment advisers are off to a rocky start.
Myanmar banking's new "wow" factor - ATMs
YANGON (Reuters) - As Myanmar opens up after five decades of military rule, a country run on cash is finding a new alternative: plastic.
Sallie Mae expands buyback plan by $400 million
(Reuters) - Sallie Mae, the largest U.S. student lender, authorized an additional $400 million share buyback as part of the repurchase program announced in January.
State reviewing Dartmouth conflict of interest claim
(Reuters) - The New Hampshire Attorney General's office said on Tuesday it is reviewing allegations of mismanagement and conflicts of interest at Dartmouth College's $3.4 billion endowment.
SEC redefines "sophisticated" in municipal market
(Reuters) - Starting in July, dealers in the U.S. municipal bond market will have a simpler time identifying customers who qualify as sophisticated investors and more buyers will be considered institutional customers.
Jobs growth seen picking up in May
WASHINGTON (Reuters) - Employment growth likely regained some momentum in May as weather-related distortions that had held back hiring began to fade, suggesting the economy's moderate recovery is still on track.
Four new ways to curb your market enthusiasm
CHICAGO (Reuters) - It's already shaping up to be a summer of discontent for investors, so it's time to manage your expectations. To a global investor, there are conflicting signals everywhere: Although the U.S. economy continues to chug along like a tugboat, the "fiscal cliff" of massive tax increases and budget cuts still looms at the end of the year. Then there is the euro zone opera with the fat lady singing in Greece, Spain and elsewhere.
Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses
NEW YORK (Reuters) - JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades.
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