Career News 24/7: Reuters Money: ECB saves euro, lets economy hang: James Saft

Tuesday, January 15, 2013

Reuters Money: ECB saves euro, lets economy hang: James Saft

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01/15/2013

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

ECB saves euro, lets economy hang: James Saft

(Reuters) - Mario Draghi has saved the euro, for the time being, but seems less inclined to help the economies in which it is used.

Funds overweight banks for first time since 2007: BofA poll

LONDON (Reuters) - Global investors turned overweight bank stocks for the first time in six years in January and boosted equity holdings to a two-year high, a survey showed on Tuesday.

Emerging market instability top risk in 2013: Eurasia's Bremmer

NEW YORK (Reuters) - Political instability in emerging markets, led by China, will be one of the biggest risks for markets in 2013, Ian Bremmer, president of political risk firm Eurasia Group, said on Monday.

When Goldman's new CFO talks, insiders listen

(Reuters) - In 2004, Harvey Schwartz, who was then head of the financing business at Goldman Sachs Group Inc's investment bank, came up with a new way for the bank to make money from a seemingly mundane activity: helping companies buy back their shares.

Midcap stocks worth a close look

CHICAGO (Reuters) - Like the middle children they are, mid-cap stocks are often outshined by their mega-cap brethren. The largest two constituents of the S&P 400 Mid-cap Index are Regeneron Pharmaceuticals Inc and Equinix Inc, an information technology firm. Not exactly Apple Inc or Johnson & Johnson.

Merrill taps ex-Fidelity executive for personal retirement

(Reuters) - Bank of America Corp's Merrill Lynch said on Monday that former Fidelity Investments executive Jeff Cimini has joined the company as a managing director and head of personal retirement.

Younger Americans have more credit-card debt problems: study

NEW YORK (Reuters) - American credit card holders in their late 20s and early 30s have more debt than older consumers, repay it more slowly and risk dying in debt if they don't curb their spending habits, a new study showed on Monday.

Calpers pension fund's 2012 return 13.26 percent

MONTEREY, California (Reuters) - The California Public Employees' Retirement System, the biggest U.S. pension fund, posted a return of 13.26 percent in the 2012 calendar year, its chief investment officer said on Monday.

Peregrine Financial's ex-CEO faces January 31 sentencing

(Reuters) - Peregrine Financial Group's former chief executive, who pleaded guilty to embezzling more than $100 million from customers of his futures brokerage, will be sentenced on January 31, according to court documents filed on Monday.

Five former Cargill traders join Singapore palm oil firm: source

SINGAPORE (Reuters) - Five former Cargill traders have joined Singapore-listed palm oil firm Golden-Agri Resources Ltd early this year, a source with direct knowledge of the matter told Reuters on Monday.