Reuters Money: Gasoline, autos boost retail sales in August

	Click to View in Browser 09/14/2012 Gasoline, autos boost retail sales in August WASHINGTON (Reuters) - Retail sales rose for a second straight month in August, boosted by automobiles and high gasoline prices, but the underlying tone pointed to modest economic growth in the third quarter. Tax ruling threatens commodity mutual funds: Kemp LONDON (Reuters) - Commodity prices could come under severe pressure if the U.S. Internal Revenue Service (IRS) decides to revoke previous rulings that have allowed mutual funds to pour over $50 billion into commodity derivatives through subsidiaries in the Cayman Islands and structured notes while remaining exempt from corporate income tax. RMS sees insured losses from Hurricane Isaac up to $2 billion London (Reuters) - Hurricane Isaac caused wind damage that could reach $1-2 billion, disaster modeler RMS said in an update on the 2012 Atlantic hurricane season. Gasoline pushes up retail sales, inflation in August WASHINGTON (Reuters) - Retail sales rose by the most in six months in August, boosted by automobiles and high gasoline prices, but the underlying tone pointed to modest economic growth in the third quarter. Wholesale inflation rises; labor market struggles WASHINGTON (Reuters) - Producer prices in August rose by the most in three years as energy costs surged, but fairly benign underlying inflation pressures should help the Federal Reserve maintain its accommodative monetary policy stance. How small charity projects can sidestep complex tax rules (The writer is a Reuters columnist. The opinions expressed are her own.) Saft: Crystal balls vs. bag lunches (Reuters) - Few advisers want to say it, and no client wants to hear it, but your best bet isn't obsessing over funds and strategies but simply raising your savings rate. College students need to study up on ID theft (The writer is a Reuters contributor. The opinions expressed are his own.) Franchising picks up in U.S., but hurdles remain CHICAGO (Reuters) - Robert Penney has seen his financial future and it involves heaps of frozen yogurt. Wall Street opens higher after Fed plan NEW YORK (Reuters) - Stocks opened higher on Friday, putting the S&P 500 on track for a fourth straight gain in the wake of an aggressive plan by the Federal Reserve to stimulate the economy. Related Video Getting to the top of mobile wallets Wealth Strategies: Uncertainty sending investors to options Business News Gasoline pushes up retail sales, inflation in August 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