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Thursday, February 21, 2013

Reuters Money: Piggybacking on dealmakers as M&A bounces back

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02/21/2013
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
Piggybacking on dealmakers as M&A bounces back
NEW YORK (Reuters) - After a six-year lull, deal making is back with a vengeance. That means investors may need to rethink strategies to profit from increasing numbers of mergers and acquisitions.
Ex-Soros CIO begins courting capital for new fund
NEW YORK (Reuters) - Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund, according to a person familiar with the firm.
Carlyle's earnings drop on investment exits
(Reuters) - Carlyle Group LP said on Thursday fourth-quarter earnings were down 28 percent as the private equity firm failed to beat last year's performance of exiting investments and relied more on company dividends to return money to investors.
What's the hurry? Financial decisions that can wait
WASHINGTON (Reuters) - If you have ever been pitched an investment, you've probably been on the receiving end of a "limited time" offer - the kind where you have to act now or forever lose your chance of participating in a great opportunity.
Boomers face credit-card quandary as economic doldrums bite
NEW YORK (Reuters) - Sandy Harsh never expected to find herself with $16,800 in credit-card debt and her retirement dreams drifting farther away.
U.S. home-builder sentiment slips but holds near seven-year peak
NEW YORK (Reuters) - U.S. home-builder confidence in the market for single family homes eased slightly in February from last month's seven-year high as builders faced higher material costs, an index showed on Tuesday.
Rooting out risk in your bond portfolio
CHICAGO (Reuters) - When U.S. Federal Reserve governors start talking about "overheating episodes in credit markets," as did Jeremy Stein in a February 7 speech in St. Louis, it is time to prick up your ears.
Draghi fuels bets for lower money market rates
LONDON (Reuters) - European Central Bank president Mario Draghi has created a win-win situation for traders in the run-up to Friday's announcement on early repayments of banking sector loans, with short-term rates expected to go anywhere but up.
Mortgage lender Quicken bets on downtown Detroit's revival
DETROIT (Reuters) - Dan Gilbert has a vision for downtown Detroit that many would find hard to square with the long, painful decline commonly associated with this city: a vibrant urban core full of creative, innovative and talented young people.
Prada says revenues climb 29 percent for fiscal year ending January
HONG KONG (Reuters) - Italian fashion house Prada SpA said on Tuesday its revenues for the 12 months ended January 2013 rose 29 percent from a year earlier to 3.3 billion euros ($4.4 billion).
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