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Thursday, November 8, 2012

Reuters Money: Jobless claims fall though storm distorts data

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11/8/2012
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
Jobless claims fall though storm distorts data
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction although a severe storm distorted the data.
Dear Mr. President : Do this first for consumers
NEW YORK (Reuters) - What's your priority for President Obama?
Analysis: Kremlin capitalism turns off equity investors
MOSCOW (Reuters) - Vladimir Putin is back and so is Kremlin capitalism, with a vengeance, leaving a dwindling band of Russia equity bulls clinging to hopes that delivery on his economic reform promises will revive one of the cheapest emerging markets.
What those election results mean for your wallet
WASHINGTON (Reuters) - The election results were clear, but the path forward is not. With Washington moving on with essentially the same trilateral team that froze fiscal policy for the last two years, it's not obvious or certain what will happen to taxes, interest rates, markets and the economy under President Barack Obama, the Democrat-controlled Senate and the Republican-controlled House of Representatives.
Investors lose $1.9 million bond fund case against Morgan Keegan
(Reuters) - Morgan Keegan & Co has prevailed against a group of investors who filed an arbitration claim against the brokerage seeking more than $1.9 million in damages for losses tied to a series of troubled bond funds.
Obama win has investors staring at fiscal cliff
NEW YORK/BOSTON (Reuters) - U.S. investors hit trading floors Wednesday morning with the same president and the same problems in gridlocked Washington, and expected the same solution to a looming budget crisis that threatens the economy: punt and deal with it later.
Moody's reserves view on U.S. rating until after budget
NEW YORK (Reuters) - Moody's Investors Service said on Wednesday it will hold off on its judgment of whether to cut its sovereign credit rating for the United States until after the 2013 budget process is completed.
Most U.S. hedge funds lost ground in October
NEW YORK (Reuters) - Hedge funds fell 0.5 percent on average in October, the industry's first loss in five months, hedge fund tracking data published on Wednesday showed.
U.S. consumer credit expands but credit card use sags
WASHINGTON (Reuters) - U.S. consumer credit expanded at a solid pace in September in a hopeful sign for household spending, although Americans appeared to use their credit cards more sparingly, Federal Reserve data showed on Wednesday.
Senate Democrats won't "mess with Social Security": Reid
WASHINGTON (Reuters) - Senate Democratic leader Harry Reid on Wednesday reaffirmed his opposition to tinkering with the Social Security retirement program in pushing for a bipartisan deficit-reduction deal.
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