  | | | | NEW YORK (Reuters) - The Standard and Poor's 500 index surged more than 2.5 percent Wednesday, but any rally could be short-lived with workers facing smaller paychecks and expected volatility ahead of a debate on the U.S. debt ceiling debate, fund managers and analysts said. | | |  | | | | NEW YORK (Reuters) - Bill Gross, founder and co-chief investment officer of bond giant PIMCO, wrote in his first letter to investors this year that money printing by central banks will lead to a destructive bout of inflation. | | | |  | | | | NEW YORK (Reuters) - One modest way that U.S. lawmakers were able to offset the impact of delaying spending cuts in the deal to avert the "fiscal cliff" was through a retirement plan provision that is supposed to raise $12.2 billion over 10 years. | | | | | | NEW YORK (Reuters) - Investors in U.S.-based funds pumped $7.17 billion into stock exchange-traded funds in the latest week while pulling money out of bond funds as U.S. lawmakers struck a deal to avert the "fiscal cliff" of tax hikes and spending cuts, data from Thomson Reuters' Lipper service showed on Thursday. | | | | | | (Reuters) - Consumers continued to pay down debt in the third quarter of 2012, but slow job growth and the expiration of a tax cut could mean it will become more difficult to repay loans, the American Bankers Association said on Thursday. | | | |  | | | | LONDON (Reuters) - Credit Suisse is preparing to offload more risk exposure to staff in its 2012 bonus giveaway but significantly fewer managers will be allowed to join the latest version of a scheme that has yielded stellar rewards in previous years. | | | |  | | | | NEW YORK (Reuters) - Wegelin & Co, the oldest Swiss private bank, said on Thursday it would shut its doors permanently after more than 2 1/2 centuries, following its guilty plea to charges of helping wealthy Americans evade taxes through secret accounts. | | | |  | | | | WASHINGTON (Reuters) - Carry on, everyone. That's the first takeaway from the fiscal-cliff-averting tax deal struck literally in the eleventh hour on Tuesday. | | |  | | | | WASHINGTON (Reuters) - Washington has steered clear of severe austerity measures for now, reducing the risk of recession, but a clutch of U.S. tax hikes will nevertheless be a drag on economic growth this year. | | | |  | | | | NEW YORK (Reuters) - DoubleLine Capital LP, the $53 billion firm run by star bond investor Jeffrey Gundlach, said on Wednesday it is now managing stock portfolios in a new division called DoubleLine Equity LP. | | | | |  |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | |  | |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | » MORE NEWSLETTERS | |
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