Reuters Money: Madoff firm trustee wins right to pay $2.4 billion to victims

	Click to View in Browser 08/23/2012 Madoff firm trustee wins right to pay $2.4 billion to victims NEW YORK (Reuters) - The Madoff firm trustee won approval from a judge on Wednesday to make a second payment that could reach $2.4 billion to former clients of epic conman Bernard Madoff. In 2012, oil a boon to Boone Pickens fund NEW YORK (Reuters) - T. Boone Pickens, the billionaire Texas hedge-fund manager, said on Wednesday that oil, the commodity that brought him fame and fortune, has again been a boon for his main portfolio this year. U.S. middle class set back over last decade: report WASHINGTON (Reuters) - The U.S. middle class has shrunk drastically over the last 10 years as Americans' net worth has plunged, wages declined and standards of living slipped away, according to a report released on Wednesday. Ameriprise adds veteran advisers from Wells, LPL (Reuters) - Ameriprise Financial Inc has added two veteran adviser teams from Wells Fargo & Co and LPL Financial that together managed more than $225 million in client assets. Lessons from Goldman's painful WTI recommendation: John Kemp LONDON (Reuters) - Researchers at Goldman Sachs finally closed their trading recommendation to buy September 2012 U.S. light sweet crude futures on Tuesday, crystallizing losses of 10.8 percent. BHP curbing capex may change commodity over-supply debate: Clyde Russell --Clyde Russell is a Reuters market analyst. The views expressed are his own.-- Medicare spending forecast reduced in new CBO analysis WASHINGTON (Reuters) - Medicare, the popular healthcare program for the elderly that both political parties vow to rescue from financial ruin, will spend less money over the coming decade than previously expected, U.S. analysts said on Wednesday. Stern Advice: Winning the travel rewards game WASHINGTON (Reuters) - Meet George Papadopoulos. By day he's a certified public accountant and financial planner. At night, he uses the same analytical skills for his hobby: cashing in big-time on travel rewards. When housing isn't the economic cycle: James Saft (James Saft is a Reuters columnist. The opinions expressed are his own) Your Money: Trashing your ex on Facebook may cost you (Reuters) - The old maxim goes: If you can't say anything nice, don't say anything at all. For divorcing spouses, that may actually constitute legal advice in these days where Internet and social media sites have become a significant part of many people's daily lives. Divorce is an emotionally charged topic, but letting it all out in a public forum can lead you right into court, sued for libel or having a harsher judgment levied against you in a divorce settlement. Related Video Getting to the top of mobile wallets Wealth Strategies: Uncertainty sending investors to options Business News Wall Street to dip at open, housing data on tap Weakness in labor, factory data send sour signals 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