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Monday, February 18, 2013

Reuters Money: Obama gives green energy funds a jump-start

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02/18/2013
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
Obama gives green energy funds a jump-start
CHICAGO (Reuters) - In the wake of yet another monster storm in the Northeastern U.S., we are once again reminded of the need to address climate change, which is like a Grendel that keeps coming out of its cave to ravage us with increasingly violent weather.
Awaiting proof of the "Great Rotation"
LONDON (Reuters) - The jury's out on the big investment theme of 2013 - the so-called "Great Rotation" out of expensive bonds back into undervalued equity - and don't hold your breath for a verdict any time soon.
Fidelity Investments 2012 profit dips, customers flee stock funds
BOSTON (Reuters) - Fidelity Investments on Friday said profit in its financial services business dropped 29 percent in 2012 as customers pulled $24.4 billion from the company's actively managed stock funds.
SAC has $1.68 billion in withdrawals as trading probe deepens
NEW YORK (Reuters) - Hedge fund billionaire Steven A. Cohen is feeling the pinch from the federal government's insider trading probe as outside investors in his SAC Capital Advisors submitted requests to withdraw a total of $1.68 billion from the firm by year's end.
Fund investors sour on U.S. stocks, redeem $3.62 billion: EPFR
NEW YORK (Reuters) - Investors worldwide pulled $3.62 billion from U.S. stock funds in the latest week, the most in 10 weeks after taking a neutral stance the prior week, data from EPFR Global showed on Friday.
Investors content to take Buffett's 20 percent Heinz premium
(Reuters) - Warren Buffett says he will not pay a penny more than the $72.50 a share he is already offering for ketchup maker H.J. Heinz Co, and after an initial hesitation, most investors seem to be taking him at his word.
Big hedge funds fueled fourth-quarter dive in Apple shares
BOSTON (Reuters) - Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
Lehman seeks to question JPMorgan's "London Whale"
NEW YORK (Reuters) - Lehman Brothers Holdings Inc is seeking court permission to question the JPMorgan Chase & Co trader known as the "London Whale" in connection with its $8.6 billion lawsuit accusing the largest U.S. bank of driving it into bankruptcy.
Hedge funds peddle pricey risk
(Reuters) - Here's a choice: take the typical hedge fund return and pay 2 percent annually and 20 percent of the spoils or use a derivative strategy so simple it doesn't even need an elevator pitch.
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.
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