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Friday, June 8, 2012

Reuters Money: Get ahead of the coming gift-tax-apalooza

Reuters » Money 2012
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06/8/2012
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
Get ahead of the coming gift-tax-apalooza
NEW YORK (Reuters) - If you're a wealthy American who's planning to hire an estate or trust attorney later this year, here's a thought: Good luck. You're going to need it.
U.S. cities struggle with blighted bank-owned homes
LOS ANGELES (Reuters) - The smell of rotting food and decay inside 10956 South Wilmington Avenue, Los Angeles, was overwhelming.
Young Americans get health insurance, still have debt: study
WASHINGTON (Reuters) - Healthcare reform likely enabled about 6.6 million young adults to join their parents' health insurance plans last year, a report found on Friday, though problems with medical bills and debt remained an issue.
First New York faces fine in Japan insider probe
TOKYO (Reuters) - Japan's securities regulator on Friday recommended a fine of more than $180,000 against First New York Securities for insider trading in a 2010 share offering by Tokyo Electric Power Co, the first foreign firm to face such a penalty in a widening probe.
Exclusive: Spain to request EU bank aid on Saturday
MADRID/BERLIN (Reuters) - Spain is expected to ask the euro zone for help with recapitalizing its stricken banks at the weekend, EU and German sources said on Friday, becoming the fourth country to seek assistance since Europe's debt crisis began.
Management Tip of the Day: Show your audience your passion
BOSTON (Reuters) - Charisma might seem to be innate, but to a large extent it is a learnable set of skills that can help a speaker communicate a clear, visionary message that captivates an audience, says Harvard Business Review.
Computer trading models crash from favor
LONDON (Reuters) - Investors are losing faith in the computer-based trading models that made them millions in the bull market years, as Europe's financial convulsions have shown how poorly they cope with the unpredictable.
New York's Nassau and Suffolk Counties easily sell debt
(Reuters) - Two New York counties with severe financial problems got a positive response when they tapped capital markets this week, underscoring investor hunger for issues in high-income areas.
Merrill unrelenting in battle with former brokers
NEW YORK (Reuters) - Merrill Lynch's approach to fighting more than 1,000 former brokers who claim the firm denied them more than $1 billion in deferred compensation shows no signs of softening.
Senator Reid makes new offer on student loans
WASHINGTON/LAS VEGAS (Reuters) - Senate Democratic leader Harry Reid on Thursday offered a new way to avert by the end of this month a doubling of the 3.4 percent interest rate on federal student loans.
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