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Thursday, November 15, 2012

Reuters Money: Jobless claims surge in wake of superstorm Sandy

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11/15/2012
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 surge in wake of superstorm Sandy
WASHINGTON (Reuters) - Superstorm Sandy drove new claims for jobless benefits to a 1-1/2 year high last week, a sign the deadly storm could hold back economic growth by leaving tens of thousands of people temporarily out of work.
Your money: Love the celebrity? Double-check the charity
(Reuters) - You don't have to spend much time listening to Angelina Jolie or Bono to know that celebrities can help raise awareness for charities. Just about anyone with the name recognition to make it into "People" magazine has used that power to promote a cause or two.
Top euro policymakers at odds over Greek debt fix
HELSINKI/BRUSSELS (Reuters) - The European Union's top economic official sought to rule out any write-off of Greece's debt to governments on Thursday after a European Central Bank policymaker said for the first time that a "haircut" on part of it was probable.
Obama says tax hike has to come first in "fiscal cliff" deal
WASHINGTON (Reuters) - President Barack Obama said on Wednesday that Republicans would have to agree to raise taxes on the wealthy as the first step in a budget deal that would prevent a dysfunctional Washington from pushing the economy into recession.
Paulson holds on to gold pile in third quarter
NEW YORK (Reuters) - Prominent hedge fund manager John Paulson continued to hold a significant stake in gold in the third quarter of 2012, boosting the precious metal's appeal as a hedge against economic uncertainty, a U.S. regulatory filing showed on Thursday.
Lack of electricians delays New York recovery from Sandy
NEW YORK (Reuters) - It has become one of the biggest sources of tension between residents and the authorities in the worst-hit areas of New York City after Superstorm Sandy: damaged electrical systems in homes and - making matters worse - not enough electricians to fix them.
LGBT community has money but needs advice
NEW YORK (Reuters) - How well do financial planning firms respond to the needs of the LGBT community? The report card just came in. They flunked.
Hedge funds shower love on Green Mountain, Yahoo
By Katya Wachtel and Svea Herbst-Bayliss and Aaron Pressman
Top hedge funds pick up Facebook amid third quarter crash
(Reuters) - Facebook's disastrous second-quarter earnings report, which sent the shares of the social network down 32 percent in a week, has attracted some of the top hedge fund stock pickers.
Some hedge fund "Tiger Cubs" slash Ralph Lauren, others add
NEW YORK (Reuters) - A group of hedge funds seeded by veteran investor Julian Robertson cropped their stake in fashion brand Ralph Lauren Corp in the third quarter, even as the retailer attracted some of the biggest names in the $2 trillion hedge fund industry.
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