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Tuesday, August 7, 2012

Reuters Money: Like land mines? You'll love banks: James Saft

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08/7/2012
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
Like land mines? You'll love banks: James Saft
(Please note that paragraph 5 contains language some readers may find offensive.)
Four reasons to worry about municipal bonds
CHICAGO (Reuters) - Given the recent scandal over Libor pricing, it's easy to think that municipal bond markets may be the next to be outed for pricing irregularities.
Short-term U.S. debt still in demand
NEW YORK (Reuters) - Appetite for short-term paper remained strong in the U.S. and Europe on Monday as the U.S. Treasury sold three- and six-month bills and short-term debt of both peripheral and safe-haven European nations proved popular.
Knight CEO Joyce says has full support as firm in flux
NEW YORK (Reuters) - Knight Capital Group Chief Executive Thomas Joyce managed to rescue his firm from oblivion over the weekend, but even with a $400 million cash injection from independent investors to cover a near-fatal trading loss, he has a big job ahead of him.
Home prices rose in June: CoreLogic
NEW YORK (Reuters) - Home prices rose in June, boosted by tighter inventory, in a fresh sign the recovery in the housing market was gaining traction, data from CoreLogic Inc showed on Tuesday.
Green moving is not just about the environment
NEW YORK (Reuters) - Brian Fox recently moved from one house to another in Irvine, California, and joined a growing number of consumers going "green" in the relocation process.
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.
Public pension investments post losses in second quarter
(Reuters) - Public retirement systems, already hobbled by the financial crisis and recession, saw their investments dip in the second quarter, with a median loss of 1.73 percent, largely because of their reliance on equities, according to a report released on Monday.
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.
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