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Friday, September 28, 2012

Reuters Money: How to invest in prosperity after a Lost Decade

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09/28/2012
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
How to invest in prosperity after a Lost Decade
CHICAGO (Reuters) - While there's some comfort in a slowly improving U.S. economic climate, the majority of Americans are still trying to close a prosperity gap that has widened in the last ten years.
Consumers lift spending to pay for pricier gasoline
WASHINGTON (Reuters) - Consumer spending rose in August by the most in six months as households stretched to pay for higher gasoline prices, according to a government report on Friday that pointed to lackluster economic growth in the third quarter.
Greece's 2013 budget to deepens cuts, sustain recession
ATHENS (Reuters) - Greece will unveil a draft budget for 2013 on Monday which will cut deeper into public spending to impress international lenders but also prolong the economic pain of the Greek people.
Macy's to open 450 Finish Line shops-in-shops
(Reuters) - Macy's Inc said on Friday that Finish Line Inc would be its exclusive athletic footwear partner, opening shops in more than 450 of the company's department stores.
U.S. affluent feel more in control of finances than a year ago
(Reuters) - Affluent Americans feel more in control of their finances and say they are less conservative with their investments than they were a year ago, according to a bi-annual survey released on Thursday by Merrill Lynch Global Wealth Management.
Three big risks of riding emerging markets
(James Saft is a Reuters columnist. The opinions expressed are his own.)
Firms take longer to approve complex funds for sale
NEW YORK (Reuters) - With increased regulatory scrutiny of complex exchange-traded funds and exchange-traded notes, big brokerage firms are taking longer to make them available to financial advisers, according to speakers at SIFMA's Complex Products Forum.
Euro zone economic outlook darkens with fall in confidence
BRUSSELS (Reuters) - The outlook for Europe's economy darkened on Thursday with euro zone business confidence falling to a three-year low and a range of economic indicators across the continent pointing towards recession.
AirAsia founders aim to list insurance arm of Malaysia's Tune Group
KUALA LUMPUR (Reuters) - Malaysia's Tune Group, a financial services-to-discount hotel conglomerate owned by AirAsia Bhd's founders, said it plans to list its insurance arm in a move to fund the company's expansion overseas.
High gasoline prices lift consumer spending in August
WASHINGTON (Reuters) - U.S. consumer spending rose in August by the most in six months as households stretched to pay for higher gasoline prices, according to a government report on Friday that pointed to lackluster economic growth in the third quarter.
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