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Wednesday, July 25, 2012

Reuters Money: Manufacturing growth slowest in 19 months: Markit

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07/25/2012
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
Manufacturing growth slowest in 19 months: Markit
NEW YORK (Reuters) - Manufacturing this month expanded at its slowest pace since late 2010, hobbled by weak overseas demand for American goods, though a rise in domestic orders helped cushion the blow.
Money gone? Peregrine CEO's receiver not so sure
CHICAGO (Reuters) - Russell Wasendorf Sr., the jailed founder of Peregrine Financial Group who confessed to stealing more than $100 million from customers, may not be telling the whole truth about where the money went, his court-appointed receiver said on Tuesday.
Italy, Spain and the war on short-selling: James Saft
(Reuters) - After four years of failure, Italy and Spain have opened yet another pointless front in Europe's war against reality.
Analysis: For brokers like Peregrine, from bad times to worse
CHICAGO/NEW YORK (Reuters) - Long before Peregrine Financial Group's dramatic collapse last week, months before MF Global's meltdown triggered an industry-wide crisis of confidence, the world of the independently owned futures broker was not a happy one.
Credit unions banking on bills to lift small business lending
CHICAGO (Reuters) - When Phoenix entrepreneur Eric McCarthy needed money to build an ice cream business, the banks would not budge.
Apple heads into choppy waters as new iPhone awaited
SAN FRANCISCO (Reuters) - Apple Inc faces an unusual phenomenon when reporting earnings this time around: low expectations.
Your practice: New homework for advisers to the super-rich
(Reuters) - Financial advisers pursuing the business of wealthy families are increasingly being greeted by a formal questionnaire.
GM to send pension buyout checks to retirees in late August
DETROIT (Reuters) - General Motors Co plans to make lump-sum pension payments in late August to white-collar retirees who have decided to take a buyout and forego a monthly pension check, a key step in GM's plan to bolster its balance sheet.
Grandparents, purse strings and divorce
NEW YORK (Reuters) - Here's a sad scenario: Grandma and Grandpa pay for camp, shoes and college funds. But something goes awry; the kids' parents decide to split, and next thing you know it's Grandma and Grandpa who are out in the cold, writing checks but missing their grandchildren.
Public pension funds to face calls to set realistic targets
NEW YORK (Reuters) - Public pension funds are expected to report poor annual returns in the coming weeks, results that are likely to increase calls for more realistic retirement promises for teachers, police officers and other public workers.
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