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Thursday, August 16, 2012

Reuters Money: Jobless claims trend shows job market slowly healing

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08/16/2012
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
Jobless claims trend shows job market slowly healing
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits edged higher last week although a trend reading fell close to a four-year low, pointing to healing in the still-struggling labor market.
Cash-strapped US pension funds ditch stocks for alternatives
NEW YORK (Reuters) - Faced with growing obligations and shrinking returns, many of the largest U.S. public pensions have raised their exposure to alternative investments to record levels this year, despite ongoing criticism of the risks and costs.
Swiss 2011 current account surplus narrowed by a quarter
ZURICH (Reuters) - Switzerland's current account surplus declined by nearly a quarter in 2011 due to lower income from direct investments abroad, a year during which the central bank set a cap on the franc's value to deter investors fleeing the euro debt crisis.
Housing starts unexpectedly fall in July
WASHINGTON (Reuters) - Groundbreaking on new homes unexpectedly fell in July and gains from the prior month were revised lower, a reminder of the housing market's weakness despite some recent signs of recovery.
Some companies pay more to CEOs than to Uncle Sam: study
(Reuters) - Citigroup, Abbott Laboratories, and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in federal taxes, according to a study released on Thursday.
Insight: What if baby boomers don't live forever?
WASHINGTON (Reuters) - What if the generation that once rocked out to The Who's "hope I die before I get old" line actually does?
Top six myths about Medicare
CHICAGO (Reuters) - Mitt Romney's selection of U.S. Rep. Paul Ryan as his running mate guarantees a fierce debate about the future of Medicare during the presidential campaign this fall.
Deflation threat; small but global
(Reuters) - Further evidence of weak price rises globally shows that deflation is a growing, if small, threat.
Unhappiness runs deep when shareholders withhold votes: study
WASHINGTON (Reuters) - Shareholders who choose to "withhold" their vote for a corporate board member are more dissatisfied than it may initially seem, according to a study released Wednesday by two corporate governance organizations.
Two of gold price's three legs look wobbly: Clyde Russell
--Clyde Russell is a Reuters market analyst. The views expressed are his own.--
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