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Tuesday, July 17, 2012

Reuters Money: Pension or buyout? GM retirees make the tough call

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07/17/2012

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

Pension or buyout? GM retirees make the tough call

(Reuters) - Is it better for existing retirees to convert their pension to an annuity or to take a lump sum payout?

Brent de-links from global oil balance: John Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)

Forget TBTF, banks too big for investors: James Saft

(James Saft is a Reuters columnist. The opinions expressed are his own)

Gold's chameleon role in a portfolio

CHICAGO (Reuters) - I've always had mixed feelings about gold. Is it an alternative currency? A speculator's refuge from political or fiscal instability? A reliable inflation indicator? Turns out it's maybe all of the above.

Societe Generale is to repay HK wealth management clients $11 million

(Reuters) - Hong Kong's financial watchdog said on Tuesday that Societe Generale is to repay $11 million to wealth management customers for failing to properly disclose its fees to them.

Your Money: Will credit card settlement mean higher swipe fees?

That is a familiar choice at the gas pump, with a cheaper price for cash payments and a higher one for credit card purchases. But will this fly at a grocery store, hotel or other retail outpost?

IMF cuts global growth forecast as emerging economies slow

WASHINGTON (Reuters) - The International Monetary Fund on Monday cut its forecast for global economic growth and warned that the outlook could dim further if policymakers in the euro zone do not act with enough force and speed to quell their region's debt crisis.

What you get out of credit reporting oversight

(Reuters) - The federal Consumer Financial Protection Bureau (CFPB) is about to start supervising credit reporting bureaus, specifically, the companies that collect information about your borrowing and payment history.

Senate Democrats temper Obama plan on dividends taxes

WASHINGTON (Reuters) - A plan by Senate Democrats to let income tax rates rise for wealthier Americans takes a softer line on taxing dividends than President Barack Obama's proposal, easing the tax load on the rich.

Former Morgan Stanley strategist Barton Biggs dies at 79

BOSTON (Reuters) - Barton Biggs, a former chief global strategist for Morgan Stanley who predicted that the Internet bubble would burst a year before it did, has died, the bank said on Monday.