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Monday, October 8, 2012

Reuters Money: Rambling retirees trade homes for boats, RVs, sofas

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10/8/2012
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
Rambling retirees trade homes for boats, RVs, sofas
NEW YORK (Reuters) - At 68, Barbara Miller Elegbede is living proof that flower children need not grow up.
GM to add 1,500 information tech jobs in Michigan
(Reuters) - General Motors Co said on Monday it will create 1,500 jobs at a new software development center in Michigan as part of the U.S. automaker's previously announced plan to shift information technology work back into the company.
Analysis: When implanted medical devices go wrong, who pays?
CHICAGO (Reuters) - Insurance companies, often stuck with the tab for health services when a medical device fails, are ready to share the pain.
Analysis: U.S. index providers brace for price war
NEW YORK (Reuters) - Vanguard Group's move to shift nearly two dozen funds away from benchmarks provided by MSCI Inc may be the first shot in a coming price war among index providers.
Do the math on "bucks" deals from retailers
(Reuters) - Do not expect shopping rewards like Kohl's Cash, Old Navy Super Cash, Gymboree Gymbucks or CVS Extra Bucks to stuff your pockets with actual currency this holiday season. Most are gimmicks that aim to lure shoppers back to the store to spend more money than they intended.
Hedge fund commods bets up in banner week for gas, gold
NEW YORK (Reuters) - The net long money held by hedge funds and other big speculators in U.S. commodity markets rose in the week to Tuesday after strong buying in gold and natural gas, trade data showed on Friday.
Demand for junk bonds ebbs as investors rein in risk: EPFR
NEW YORK (Reuters) - The year-long rally in junk bonds hit a bump in the road this past week, with investors beginning to show concern about high-yield debt valuations, analysts said.
TD, RBC wealth managers worry about fixed income fixation
(Reuters) - For the folks on the front lines of mutual fund management at Canada's top two banks, investor focus on fixed income and aversion to equities is fueling concern that clients may never risk enough to get the returns they need.
Don't like your house? Consider "swapping" with your parents
CHICAGO (Reuters) - Ed Zwirner and his wife, Alison Loeppert, recently bought an historic house in the Chicago suburbs without brokers' fees, tight moving deadlines, undetected defects or other stresses that accompany one of life's biggest purchases. At the same time, Loeppert's parents made a similar move.
Breaking up is hard to do, breaking prenup is harder
(Reuters) - Though it's relatively rare, there are ways to break a prenup.
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