Career News 24/7: Reuters Money: U.S. second-quarter growth revised up, Fed still seen in play

Wednesday, August 29, 2012

Reuters Money: U.S. second-quarter growth revised up, Fed still seen in play

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08/29/2012

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. second-quarter growth revised up, Fed still seen in play

WASHINGTON (Reuters) - The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve.

How to play it: What Apple's victory means for mobile investors

(Reuters) - The world's most valuable company is now a little richer.

Fidelity's Abigail Johnson to head all main operations

BOSTON (Reuters) - Fidelity Investments said Tuesday Abigail Johnson was promoted to run all of the company's main businesses, the strongest signal yet that she could be the next leader of the mutual fund powerhouse founded by her grandfather.

Column: G7 threatens stock release to stem oil rise: John Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)

Here's where Medicare could really save some money

(The writer is a Reuters columnist. The opinions expressed are his own.)

Morgan Stanley, Citi agree to extend arbitration period

(Reuters) - Morgan Stanley and Citigroup Inc have agreed to give an arbitrator additional time to evaluate the price tag for their Morgan Stanley Smith Barney brokerage joint venture, the banks said on Tuesday.

Big mutual funds split with management at Citigroup, JPMorgan

BOSTON (Reuters) - Several leading mutual funds disclosed voting against management in high profile proxy battles at companies like Citigroup Inc, JPMorgan Chase & Co and Chesapeake Energy Corp, showing for the first time that they were part of this year's wave of shareholder discontent.

Morgan Stanley hedge fund capital raiser Barrett to leave: report

(Reuters) - Morgan Stanley's head of hedge fund strategic consulting, David Barrett, is leaving after 22 years to look for a job outside banking, Bloomberg reported, citing two people with knowledge of the matter.

Capital Group lures wealthy investors as mainstream flees

NEW YORK (Reuters) - Capital Group Companies has been luring wealthy private clients over the past few years with its long-term investment strategies as mainstream investors left the Los Angeles-based giant's American Funds in search of higher, more immediate returns.