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Tuesday, November 27, 2012

Reuters Money: The bricks-and-mortar albatross: James Saft

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11/27/2012
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
The bricks-and-mortar albatross: James Saft
(Reuters) - To understand why the retail sector will continue to be such an investment minefield consider just two phrases: Black Friday and Cyber Monday.
Obama to meet executives, go to Pennsylvania for fiscal push
WASHINGTON (Reuters) - President Barack Obama will launch a multipronged push this week to garner support for his proposals to solve U.S. fiscal problems, meeting with business executives at the White House and visiting a small business in Pennsylvania to press his case.
Bankrupt San Bernardino to halt payments to Calpers, bondholders
SAN BERNARDINO, California (Reuters) - Bankrupt San Bernardino, California, voted on Monday to present a plan to a bankruptcy judge that seeks to balance its budget through deferring payments to the state's public employee pension fund and to the city's bondholders.
Insight: Sandy gives New York oil supply lesson
NEW YORK (Reuters) - At 4 p.m. on October 29, as heavy winds battered the East Coast ahead of Superstorm Sandy's landfall, the Coast Guard's regional command center on Staten Island lost power and its hulking backup generators hummed into action.
LA money manager gets no jail in NY corruption case
NEW YORK (Reuters) - Los Angeles money manager Elliott Broidy was spared jail time and a felony conviction on Monday for his role in a "pay to play" scheme at the New York state pension fund.
Online sales jump on Cyber Monday, eBay shines
SAN FRANCISCO (Reuters) - Online sales jumped on Cyber Monday, sending e-commerce retailers' shares higher and suggesting strong growth from earlier in the holiday shopping season is continuing for now.
With "fiscal cliff" deadline nearing, parties still at odds
WASHINGTON (Reuters) - Republicans in the U.S. Congress on Monday called on President Barack Obama to detail long-term spending cuts to help solve the country's fiscal crisis, while holding firm against the income tax rate increases for the wealthy that Democrats seek.
Trade groups hit airwaves to protect tax benefits
NEW YORK (Reuters) - As the debate around tax reform grows more heated, broker-dealers and other companies that service retirement plans offered by employers are increasingly concerned that the tax benefits of 401(k) plans are on the chopping block.
Personal income grew in all major U.S. metro areas: federal data
WASHINGTON (Reuters) - Personal income grew in all major U.S. metropolitan areas in 2011, the first time in four years that all of the country's 366 large cities and surrounding suburbs registered increases, according to federal data released on Monday.
Former BlackRock strategist Bob Doll joins Nuveen
(Reuters) - Money manager Nuveen Asset Management on Monday hired Bob Doll as chief equity strategist and senior portfolio manager, just a week after Doll announced he was retiring from a similar role at rival BlackRock.
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