Reuters Money: Credit score increases show upturn in hard-hit cities

	Click to View in Browser 09/17/2012 Credit score increases show upturn in hard-hit cities (Reuters) - Like a lot of American communities that were rapidly expanding after the turn of the millennium, Bakersfield, California, took it on the chin when the housing bubble burst. Foreclosures surged, home construction halted and unemployment reached nearly 18 percent in March 2010. Billionaires get richer, many millionaires lose ground: report SINGAPORE (Reuters) - Many millionaires got poorer in the last year, but billionaires did just fine, using their heavyweight money management teams to ride out market and economic turmoil that hit the lesser rich, research company Wealth-X said on Monday. New state regulatory head is no small-business outsider CORONADO, California (Reuters) - Critics of U.S. state securities regulators say they are out of touch with the needs of small business in a cyber-world. But A. Heath Abshure, who recently stepped up to lead the state regulators' national organization, says he is proof that they are not. Winklevoss twins invest in social network company: report NEW YORK (Reuters) - The Winklevoss twins, best known for their legal battle against Mark Zuckerberg over the founding of Facebook Inc, have invested in SumZero, a social network company aimed at professional investors, The Wall Street Journal said on Sunday. Hedge funds reap rewards as firms rush to refinance LONDON (Reuters) - Hedge funds that bought into depressed corporate loans during the worst of the euro zone crisis are now being rewarded for their faith in a recovery, with returns of sometimes more than 30 percent. Credit Suisse to reveal more data, staff names in U.S. tax probe ZURICH (Reuters) - Credit Suisse said it would transfer more information on its money management arm for wealthy Americans to U.S. officials, including more names of its own employees, as part of an effort to settle a tax evasion probe. Is new wave pension plan "California dreamin'"? CHICAGO (Reuters) - Is California about to set the country's retirement saving system on its ear? Stocks, more than housing, seen as initial QE3 winners WASHINGTON/NEW YORK (Reuters) - The Federal Reserve's new economic stimulus plan involves printing vast sums of money to help people buy homes, but over the next year the program could do more to boost the economy by lifting stock prices. U.S. Treasury signs agreement with UK on tax compliance WASHINGTON (Reuters) - The United Kingdom has become the first country to finalize a tax information sharing pact with the United States as part of a U.S. crackdown on offshore tax evasion. Hedge funds plow into commodities just before QE3: CFTC NEW YORK (Reuters) - Hedge funds and other big speculators pumped more than $6 billion into U.S. commodity markets this week, the most in three weeks, just before the Federal Reserve announced a third round of stimulus for the U.S. economy, trade data showed on Friday. Related Video Getting to the top of mobile wallets Wealth Strategies: Uncertainty sending investors to options Business News Wall Street dips at open after run-up China, U.S. issue tit-for-tat WTO trade complaints 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