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Monday, November 26, 2012

Reuters Money: How to get the best deals on Cyber Monday

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11/26/2012
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 get the best deals on Cyber Monday
NEW YORK (Reuters) - In a one-day blitz of shopping, consumers are expected to empty their wallets of more than $1 billion on Cyber Monday, the online shopping spree on November 26, according to spending projections from research firm, ComScore.
401(k) servicing industry sounds alarm over tax changes
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.
Consumers to spend less if middle-class taxes rise: White House
WASHINGTON (Reuters) - A White House report says that if that Congress allows taxes to go up on middle-class families, consumers will spend $200 billion less in 2013.
Swiss Re estimates Sandy claims burden at $900 million
ZURICH (Reuters) - Swiss Re said on Monday it estimated its claims burden from hurricane Sandy, which hit the United States last month, at $900 million.
Shoppers welcome early start to "Black Friday"
NEW YORK/BLOOMINGTON, Minnesota (Reuters) - Retailers declared their experiment with earlier store openings to kick off the holiday shopping season a success on Friday, with those new hours expected to be a Thanksgiving night staple for more retailers next year.
After Sandy damage, insurance adjusters may bring more bad news
(Reuters) - After another day of pumping out their swampy, moldy houses, neighbors in Breezy Point in New York City huddled at the quaint generator-powered firehouse Wednesday night, stamping their feet to stay warm. Neighbors picked at food from tin cans and sipped soups from Styrofoam cups as they lamented the growing holes in a safety net they thought they had: homeowner's insurance.
Risk of mass blackouts may still be rising: Kemp
LONDON (Reuters) - Businesses and households expect reliable electricity to be available at the flick of a switch. But the frequency of large-scale blackouts in the United States has not fallen in the last 30 years, and big blackouts remain a common occurrence throughout emerging markets.
Why holiday price-matching does not pay off
NEW YORK (Reuters) - Are price-matching programs for holiday gifts worth the extra time and effort?
Shoppers dream big with inspirational gift lists
NEW YORK (Reuters) - A $5,000 Bose home theater system, a $2,700 Tempur-Cloud mattress, a $450 Dyson pedestal fan (like the one used at the Kardashian house) and an $85 box of frozen mini hot dog appetizers are just a few of Oprah's Favorite Things.
Madoff trustee asks court to reinstate bank claims
NEW YORK (Reuters) - A lawyer for the trustee seeking money for Bernard Madoff's victims asked an appeals court on Wednesday to restore nearly $30 billion in claims against JPMorgan Chase & Co and other banks, saying it would force those who furthered the fraud to "pay their fair share."
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