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Tuesday, May 8, 2012

Reuters Money: An ungovernable slump: James Saft

Reuters » Money 2012
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05/8/2012
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
An ungovernable slump: James Saft
(Reuters) - Received wisdom on Europe's electoral results is that the throw-the-bums-out events in France and Greece represent a vote against austerity.
A continental shift for euro zone investors
CHICAGO (Reuters) - If this weekend's elections in France and Greece do nothing else then they should remind investors that these are individual countries, despite being members of the euro zone. The 17 current countries in the currency bloc might have thrown in their lot together in an economic sense, but for investing purposes, you don't want to treat the members - and surrounding countries that are waiting to join - as a single entity.
Warren Buffett says buying stocks amid market dip
(Reuters) - Berkshire Hathaway Inc is adding to its shareholdings of two U.S. companies amid a market dip, billionaire investor Warren Buffett said on Monday.
Many U.S. country clubs modernizing for survival
BOSTON (Reuters) - When summer kicks off, members will find a fully updated Westwood Country Club with a redesigned golf course, new pool house with a better snack bar, and a teen center.
House Republicans target social cuts to shield military
WASHINGTON (Reuters) - Republicans in the House of Representatives fired their first shots of the next deficit-reduction battle on Monday, advancing legislation to cut nearly $380 billion largely from social programs while protecting defense spending.
Carlyle names public market investor relations head
(Reuters) - The Carlyle Group said Daniel Harris, a former senior research analyst at Goldman Sachs, joined the company as Managing Director and head of public market investor relations, a week after the firm's market debut.
Insight: Ally's mortgage unit problems come full circle
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy.
Consumer credit jumps in March
WASHINGTON (Reuters) - Consumers went back to using their credit cards in March to keep spending while student and new-car loans shot up as the value of outstanding consumer credit jumped at the fastest rate since late 2001, data from the Federal Reserve showed on Monday.
After strong start to year, hedge funds fall in April
NEW YORK (Reuters) - Hedge funds lost some ground in April, after the industry stormed into 2012 with the best first-quarter of performance since 2006.
AT&T making big investment in home monitoring
NEW YORK (Reuters) - AT&T Inc is making a big investment in a nationwide wireless home monitoring service that could potentially add $1 billion to its annual revenue as part of the No. 2 U.S. mobile operator's ongoing effort to expand beyond cell phones.
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