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Monday, June 25, 2012

Reuters Money: Nervous investors fill Swiss safes with cash, gold

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06/25/2012
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
Nervous investors fill Swiss safes with cash, gold
ZURICH (Reuters) - Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes.
U.S. Labor Dept in data tussle over fiduciary rule
(Reuters) - The Labor Department is disappointed with the financial industry's response to a request for help in evaluating a planned rule for advisers serving retirement plans, but a major industry group says the government could not guarantee confidentiality for the data.
IRS whistleblower tax take plunges, senator frets
WASHINGTON (Reuters) - A report from the U.S. Internal Revenue Service's troubled whistleblower program said tax collections from tipsters fell sharply last year, prompting a U.S. lawmaker on Friday to say he may delay two Treasury Department nominees until the program improves.
Kepos' quiet touch wins favor among quant funds
BOSTON (Reuters) - When Mark Carhart meets with the world's largest pension funds and endowments he brings along an appealing proposition: His new hedge fund makes money during a crisis.
A rebound in for-profit education? Not yet
(Reuters) - A year ago, investors in the U.S. for-profit education industry saw the stocks trading at their life-lows and believed that things could not get any worse.
Tech cash piles can be a sucker's bet: fund managers
Chicago (Reuters) - Technology investors beware: Don't be a sucker for the big piles of cash accumulating on company balance sheets.
Managing the costs of ADHD
NEW YORK (Reuters) - By high school, Chris Davis knew his mind worked a little differently from those of other kids. He couldn't maintain focus on longer projects, keep quiet or still, and kept losing things. Then came the diagnosis: Attention Deficit Hyperactivity Disorder, or ADHD.
Iran standoff to slow Saudi's oil slide response: Campbell
NEW YORK (Reuters) - Amid this week's carnage in crude oil markets with Brent futures slumping to 18-month lows, bullish traders have held out hope that Saudi Arabia will bail out the market with a quick cutback in oil production. They are likely to be disappointed.
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.
Three likely winners in healthcare: John Wasik
CHICAGO (Reuters) - The one thing the Supreme Court will have no impact on as it decides the constitutionality of the Affordable Care Act is the immutable trend in U.S. healthcare: the growing cost of caring for an aging population.
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