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Monday, July 23, 2012

Reuters Money: The real costs of houseguests

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07/23/2012

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

The real costs of houseguests

NEW YORK (Reuters) - When Peg Eddy decided to host some old friends from Thailand at her San Diego home, she thought it was going to be a few days of fun and reminiscing. She didn't realize it was going to break the bank.

Price points on summer hostess gifts

NEW YORK (Reuters) - So, you finally got the invitation and you're off to your friend's beach house. Since they've most likely taken the time to prepare for your visit (and will spend a lot of money to host you), you need to be ready to be the perfect guest.

With customs union, Gulf edges toward closer economic ties

DUBAI (Reuters) - In April this year, a queue of thousands of trucks built up at the Al Ghuwaifat border crossing between the United Arab Emirates and Saudi Arabia. Weary drivers ate and slept in their cabs, some for as long as several days, because of a slow customs clearance process.

U.S. banks haunted by mortgage demons that won't go away

(Reuters) - Lenders like Bank of America Corp and Wells Fargo & Co say they are facing mounting pressure to buy back bad mortgages they sold to investors, signaling that banks' home-loan headaches could continue for years.

Beware when leaders speak the truth: James Saft

(Reuters) - If there is one thing more worrying than leaders avoiding the truth it is when they start to speak it.

Blamed over Stanford, SEC's Texas office plots comeback

FORT WORTH (Reuters) - Convicted Texas financier Allen Stanford haunted the U.S. Securities and Exchange Commission's Fort Worth office long after he was arrested in June 2009.

U.S. venture capital invests $7 billion in second quarter

SAN FRANCISCO (Reuters) - The U.S. venture-capital industry invested $7.04 billion in the second quarter, down 12 percent from the $8.01 billion it invested a year earlier, according to a report on Friday, reflecting a reluctance to invest at the sky-high valuations some companies have demanded.

Eloqua sees IPO priced at $9.50-$11.50 per share

(Reuters) - Software company Eloqua Limited said it expects its initial public offering of 8 million shares to be priced between $9.50 and $11.50 each.

Analysis: Leaders seen staying on top this back-to-school season

NEW YORK (Reuters) - Investors betting on retail stocks this back-to-school season are looking to the current class leaders and expecting them to keep posting high marks.