Reuters Money: Bernanke: despite recovery, many struggling

	Click to View in Browser 08/6/2012 Bernanke: despite recovery, many struggling WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times. Wall Street sees Knight as software risk wake-up call (Reuters) - Wall Street banks and brokers are poring over their trading systems and rethinking the way they test software to make sure they don't become the next Knight Capital Group, the trading firm whose survival was imperiled by a software glitch on Wednesday. State Street settlement talks advance with pension fund BOSTON (Reuters) - State Street Corp's settlement talks with an Arkansas pension fund over foreign currency trades have advanced to another level after both sides agreed to meet with a mediator, court records show. Hiring picks up but not enough to sideline Fed WASHINGTON (Reuters) - Employers hired the most workers in five months in July, but an increase in the jobless rate to 8.3 percent kept prospects of further monetary stimulus from the Federal Reserve on the table. Knight Capital heads into make-or-break weekend (Reuters) - Knight Capital Group Inc's future remained in flux as it headed into the weekend trying to clinch a rescue deal, but there was skepticism on Wall Street that one of the largest U.S. equities trading firms would find a suitor before Monday. Knight tells futures customers their money is safely segregated CHICAGO (Reuters) - Knight Capital Group's futures brokerage told customers their money is safely separate from the market making firm's own capital. Tour guide apps cut costs, and no tip required NEW YORK (Reuters) - Gene Openshaw, a Seattle-based writer for Rick Steves' guidebooks, is a seasoned traveler. But before his two-month long jaunts in Europe, one of his top priorities is downloading other people's travel apps to his smartphone. Analysis: Canada takes tough stance on pension fund relief OTTAWA/TORONTO (Reuters) - Conservative Canada is taking a different tack than Washington on the thorny issue of helping companies fund their widening pension gaps, shrugging off corporate pleas for relief even as the United States lets businesses slash their contributions. Get a jump on the tax-change stalemate (Reuters) - Thanks to the cliffhanger in Washington over looming tax changes, financial planners have a tough few months ahead. U.S. submits new request to Swiss on alleged tax cheats ZURICH (Reuters) - The United States has submitted a fresh request to Switzerland for information on former clients of Credit Suisse suspected of cheating on their U.S. taxes, after an earlier attempt was blocked by a Swiss court, the bank said on Friday. Related Video Investors hit the hold button Young workers target apprenticeships Business News Wall Street climbs at open on euro zone optimism Bernanke: despite recovery, many struggling The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend