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Wednesday, October 3, 2012

Reuters Money: "Critical but stable" world nods at more risk

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10/3/2012
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
"Critical but stable" world nods at more risk
LONDON (Reuters) - Like a patient in a critical but stable condition, the world economy may be in for years of low, spluttering growth and yet a lack of volatility may be acting as a green light for investors.
Wealthy to increase or continue charitable donations: study
(Reuters) - Wealthy U.S. investors plan to donate more to charity in the next three to five years or continue giving at current levels, and about half contributed to political campaigns last year, according to survey results released on Wednesday.
U.S. economy may be nipping at apartment sector
NEW YORK (Reuters) - The U.S. apartment sector posted its smallest vacancy decline in nearly two years, raising the possibility that the strongest commercial real estate category may be succumbing to the sluggish economy, according to real estate research firm Reis Inc.
What's in a name? For some Wall Street brokerages, not much anymore
NEW YORK (Reuters) - A Wall Street icon vanished last week after Morgan Stanley dropped Smith Barney from its brokerage title. But some in the industry say the firm's well-known advertising slogan - "They make money the old-fashioned way. They earn it" - and the culture it conveyed had already become a thing of the past.
Target bets on QR codes, exclusive toys this holiday
(Reuters) - Target Corp hopes that letting shoppers scan, buy and ship a selection of toys while shopping in its stores and having hundreds of exclusive toys will help drive sales this holiday season, one of its executives told Reuters.
Promises, lies and the interbank market: James Saft
(Reuters) - Maybe it is time to accept that there is no such thing, really, as a free and independent inter-bank lending market.
Vanguard dumps MSCI indexes from 22 funds to cut costs
(Reuters) - Vanguard Group, the largest U.S. mutual fund manager, said on Tuesday it was switching 22 of its biggest index funds away from benchmarks provided by MSCI Inc in order to cut costs.
Einhorn slams brakes on Chipotle, likes General Motors
NEW YORK (Reuters) - Shares of Chipotle Mexican Grill Inc took a nosedive on Tuesday when hedge fund manager David Einhorn said the restaurant chain will face significant competition and additional costs, making it an attractive "short."
As Medicare drug premiums soar, it's time to shop around
CHICAGO (Reuters) - Premiums for many popular Medicare prescription drug plans will soar next year - but seniors don't have to take the rate hikes lying down.
Luxury stocks out of fashion as China loses steam
PARIS (Reuters) - European luxury stocks, once a must-have for portfolio managers seeking to avoid the European economic doldrums and get exposure to surging China sales, are falling out of favor, hit by concerns about slowing growth there.
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