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Tuesday, July 31, 2012

Reuters Money: U.S. home prices rise for fourth month in May: S&P

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07/31/2012
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
U.S. home prices rise for fourth month in May: S&P
NEW YORK (Reuters) - U.S. single-family home prices rose for the fourth month in a row in May on a seasonally adjusted basis, suggesting the recovery in the housing market continued to gain traction, a closely watched survey showed on Tuesday.
Employment costs up modestly in second quarter
WASHINGTON (Reuters) - Labor costs rose moderately in the second quarter, according to government data on Tuesday that underscored benign wage inflation against the backdrop of a weak jobs market.
Rising home prices show traction in housing recovery
NEW YORK/WASHINGTON (Reuters) - Single-family home prices rose for the fourth month in a row in May when adjusting for seasonal swings, suggesting the recovery in the housing market continued to gain traction.
Credit funds get boost from JP Morgan loss: survey
LONDON (Reuters) - The type of hedge funds that bet against JP Morgan and made money from its $5.8 billion "London Whale" trading loss has risen to the top of investors' buying lists for the coming quarter, a survey showed.
Draghi and his magic bee: James Saft
(Reuters) - Beware central bankers selling euros employing false analogies.
Mailers fret over post's looming payment default
WASHINGTON (Reuters) - Mail industry companies are concerned about a looming default by the Postal Service on a $5.5 billion payment for future retiree health benefits, saying it adds to uncertainty about agency and helps speed the movement away from traditional mail.
Morgan Stanley rejiggers brokerage regions, cuts four top jobs
NEW YORK (Reuters) - Morgan Stanley has eliminated four regional manager jobs in a reorganization of its brokerage joint venture that trims the number of regions, the second time in eight months it has reduced its manager ranks.
A dry-eyed view on investing in water resources
CHICAGO (Reuters) - I have a pretty good idea of what drought looks like after recently traveling more than 1,400 miles from Chicago to Utah: Vast patches of brown where there should be green. Cornstalks that look like desiccated scarecrows. Wilted soybeans. Forested Colorado canyons devastated by wildfires and pine beetles.
China-focused fund manager settles with SEC
WASHINGTON (Reuters) - A hedge fund manager known for his bullish bets on Chinese companies and two of his firms agreed to pay $1.1 million to settle charges by U.S. securities regulators that he traded on inside information and misled investors.
Labor Department clarifies fee disclosure rules on 401(k) retirement plans
NEW YORK (Reuters) - The Labor Department on Monday issued guidance on rules requiring companies to disclose 401(k) fees to employees that will be welcome news to most employers.
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