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Thursday, December 13, 2012

Reuters Money: Retail sales rebound, jobless claims fall sharply

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12/13/2012
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
Retail sales rebound, jobless claims fall sharply
WASHINGTON (Reuters) - Retail sales rose in November and jobless claims fell sharply last week, hopeful signs for an economy that appears to have slowed sharply in the fourth quarter.
Year-end moves for parents scared to save for college
NEW YORK (Reuters) - When Sharon Doyle thinks about college savings for her two kids, the numbers are almost too big to comprehend.
Fed ties rates to jobs recovery, adds to stimulus
WASHINGTON (Reuters) - The Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step on Wednesday of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent.
U.S. regulator wins legal victory over mutual funds
WASHINGTON (Reuters) - A federal judge upheld a new regulation governing the mutual funds industry on Wednesday, ruling against two industry trade groups that had sought to block a registration rule by the Commodities Futures Trade Commission.
Merrill client prevails against top Seattle broker
NEW YORK (Reuters) - An arbitration panel this week took the unusual step of rebuking Merrill Lynch's oversight of a top broker's use of marketing materials and disclosure documents, and awarded a client $1.6 million in damages, attorneys' fees and other costs.
To get cash back, some hedge fund investors will have to wait
BOSTON (Reuters) - Some investors in hedge funds will have to wait to have part of their investments returned in cash.
IBM's latest retirement move is bad for workers
CHICAGO (Reuters) - IBM ads urge us all to follow its lead and help "build a smarter planet." Let's hope other companies don't follow Big Blue's latest move: an overhaul of its 401(k) plan that shifts its matching contribution to a once-a-year affair.
Advisers who ignore death may irk regulators while alive
(Reuters) - Financial advisers and the clients they counsel often share a key attribute: an aversion to confronting their own mortality.
How 2013 will test your portfolio
WASHINGTON (Reuters) - These are strange times to be moving your money around. Everyone is in "wait and see" mode while President Obama and House Speaker John Boehner talk, and investors have more questions than answers about the economy, interest rates, Europe, consumer behavior, corporate earnings and everything else that might rock their investment boats in the months to come.
Small businesses scope offshore locales
CHICAGO (Reuters) - Fighting the cliche of the dot-com start-up that runs out of a basement, David Ward is living the dream. The 32-year-old web designer moved his one-man operation from Albany, New York, to the Cayman Islands last year.
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