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Thursday, May 24, 2012

Reuters Money: TLC needed, but no rent, for some historic homes

Reuters » Money 2012
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05/24/2012
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
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.
Jobless claims little changed last week
WASHINGTON (Reuters) - New claims for unemployment benefits fell slightly last week and demand for long-lasting manufactured goods edged up in April, suggesting the economy continued to expand at a moderate pace.
Shareholders sue Facebook, NYSE comes calling
SAN FRANCISCO (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies."
Time for bank bond write-downs: James Saft
(Reuters) - After years of insulating risk-takers from the consequences of their decisions, maybe it's finally time to try something else.
Short sellers lining up to bet against Facebook
NEW YORK (Reuters) - Short sellers desperate to bet against Facebook shortly after its debut on public markets are now getting their chance.
Stern Advice-Investors pressed to go alternative
WASHINGTON (Reuters) - If you work with an investment adviser, there's a decent chance that sometime during the last year, you've had a conversation about alternative investments.
Will investors take to crowdfunding?
CHICAGO (Reuters) - Artists are not renowned for financial savvy, but their success in raising money on the Internet through donations to crowdfunding websites like Kickstarter and Indiegogo could lead the way for a new class of investing. Soon investors will be able to pile money into startups through such sites with the hope of getting more than a lousy t-shirt in return.
U.S. money market assets rise in latest week: iMoneyNet
NEW YORK (Reuters) - U.S. money market fund assets increased by $1.35 billion to $2.541 trillion in the week ended May 22, the Money Fund Report said on Wednesday.
New York pension fund assets hit $150 billion, near peak
NEW YORK (Reuters) - New York state's pension fund assets rose 5.96 percent to $150.3 billion in the 2012 fiscal year, not far from the $154 billion peak set in 2007, the state's comptroller said on Wednesday.
J&J, Amazon on list that hedge funds love to hate
BOSTON (Reuters) - Hedge funds turned their backs on Johnson & Johnson and Amazon.com Inc in the last months, kicking the former market darlings into a group where they see stock prices dropping, research from Goldman Sachs shows.
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