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Friday, June 22, 2012

Reuters Money: Exclusive: BlackRock discloses Doll's models not all his own

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06/22/2012
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
Exclusive: BlackRock discloses Doll's models not all his own
NEW YORK (Reuters) - In January, BlackRock Inc made a significant, but easy-to-miss change in the fund literature for three of its mutual funds.
Small luxury firms make modest way to global market
PARIS (Reuters) - Poupie Cadolle's family has been making handmade lingerie in a workshop on Rue Saint Honore for five generations, with Qatari royals, American actresses and Swiss bankers' wives all crossing her doorstep in search of the perfect bra or corset.
Hedge funds get exotic in hunt for profits
LONDON (Reuters) - Investors fed up with losses from their mainstream hedge fund holdings are eyeing some exotic alternatives.
Analysis: Grim prospects for Stockton as bankruptcy looms
SAN FRANCISCO (Reuters) - A costly mess, including court battles with employees and lenders that could stretch over years, is likely to await Stockton, California, if it cannot reach a last-minute deal with creditors and becomes the largest U.S. city ever to file for bankruptcy.
ETF industry aflutter over fate of Huntington request
NEW YORK (Reuters) - Mutual fund and exchange-traded fund providers were aflutter on Wednesday after hearing that the U.S. Securities and Exchange Commission had not approved a request by Huntington Asset Advisors to fold an existing mutual fund into a new actively managed ETF.
Decline in U.S. state pension funding slows: S&P
(Reuters) - The rate of decline in U.S. state pension funding levels has slowed, and some states show improvement, Standard & Poor's Ratings Services said on Thursday, but it noted that unprecedented reforms will take time to kick in.
US consumer agency faces lawsuit over broad powers
WASHINGTON (Reuters) - A small bank and two conservative advocacy groups said on Thursday that they would file a lawsuit against the new Consumer Financial Protection Bureau, challenging what they call the agency's "unlimited regulatory power."
Meet the new bosses of three influential mutual funds
Chicago (Reuters) - Ian Lapey likes safe and cheap investments and holds a big bet in Hong Kong real estate.
U.S. health insurers to pay $1.1 billion in rebates: HHS
WASHINGTON (Reuters) - U.S. health insurance companies are due to pay out $1.1 billion in rebates to employers and individuals this summer, under a new industry regulation imposed by President Barack Obama's health care law, the administration said on Thursday.
Summer of discontent
NEW YORK (Reuters) - The lazy days of summer have given way to seasons of tumult, volatility, and for some investors - opportunity.
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