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Wednesday, February 13, 2013

Reuters Money: How to deal with your shrunken paycheck in 2013

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02/13/2013
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
How to deal with your shrunken paycheck in 2013
NEW YORK (Reuters) - The payroll tax cut quietly expired at the end of 2012, and for many American families who are struggling to keep pace in a tight economy, that has raised questions of what to do.
U.S. money funds return to euro zone as rates edge up
LONDON (Reuters) - U.S. money market funds are slowly returning to the euro zone, lured by a gradual rise in interest rates as the lenders grow more confident the bloc can contain its debt crisis.
For investors, Obama's tone more important than substance
NEW YORK (Reuters) - U.S. investors have had plenty of reasons to worry about what goes on in Washington, from "fiscal cliff" fears to concerns about a debt default or government shutdown. But President Barack Obama's State of the Union address on Tuesday night is unlikely to be one of those reasons.
Transparency alone won't fix money markets: Fed's Rosengren
NEW YORK (Reuters) - Moves by fund companies to post daily net asset values, while positive, will not alone protect investors from crisis-era panics in the troubled money markets, Federal Reserve Bank of Boston President Eric Rosengren said on Tuesday.
London's supercar sellers graft harder as rich get thrifty
LONDON (Reuters) - London's colonies of super-rich have stopped spending freely over the last five years and the sellers of luxury cars in the millionaire ghetto of Mayfair report having to work as hard as their suburban mass market counterparts.
Legg Mason names interim head Sullivan CEO for turnaround
(Reuters) - Asset manager Legg Mason Inc on Wednesday named Joseph Sullivan as its permanent chief executive, picking an insider to staunch outflows from its funds and smooth relations with its autonomous investment units.
Stock trading rose in January at U.S. online brokers
NEW YORK (Reuters) - Online brokers this week reported higher daily trading volume for January as people who sold businesses, properties and investments late last year to escape higher 2013 taxes began putting their cash to work.
Charities press Congress in defense of tax deduction
WASHINGTON (Reuters) - Giving is a virtue under the U.S. tax code, but concern is growing among philanthropic leaders about the charitable contributions deduction, a key fund-raising tool for charities.
BlackRock names Morgan Stanley banker Shedlin CFO
(Reuters) - BlackRock Inc named Morgan Stanley banker and long-time financial advisor Gary Shedlin as its next chief financial officer, to succeed Ann Marie Petach.
Judge speeds up schedule in Apple versus Einhorn case
SAN FRANCISCO (Reuters) - A judge approved Apple Inc's request to speed up the schedule in a lawsuit filed by star hedge fund manager David Einhorn's Greenlight Capital, part of an effort to get the company to share its huge cash reserves with investors.
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