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Wednesday, March 27, 2013

Reuters Money: Intel's new approach to retirement: encore careers

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03/27/2013
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
Intel's new approach to retirement: encore careers
CHICAGO (Reuters) - Intel Corp. has something new inside: A $25,000 retiree benefit to help older workers transition into new careers in non-profit organizations.
U.S. asks Liechtenstein for data in Swiss banking probe
ZURICH (Reuters) - U.S. prosecutors are asking Liechtenstein to hand over data on foundations and other financial vehicles as part of their investigation into tax evasion by wealthy Americans, the principality's international tax office said on Wednesday.
Making the jump ahead of bonus-disclosure rule
NEW YORK (Reuters) - A plan to compel brokers to disclose their signing bonuses could prompt some brokers to make the leap to a new firm ahead of the passage of the rule, which would force them to reveal how much they'd reap for the switch.
China's CITIC Securities taps Goldman model to hedge on global future
SHANGHAI (Reuters) - Wang Dongming, chairman of China's biggest brokerage CITIC Securities Co Ltd, was so impressed by the Charles Ellis bestseller "The Making of Goldman Sachs" that he called for a Chinese translation and urged his employees to read it.
Gradual retirement poses planning challenges
TORONTO (Reuters) - Retirement planning once meant plugging a client's 65th birthday into a spreadsheet and going from there. But with more Canadians than ever saying they plan to retire gradually, financial advisers are faced with a growing set of unknowns as they help clients plan for their golden years.
Leveraged loan guidance less restrictive than feared
(Reuters) - Bank regulators issued the first risk controls in a dozen years for lending to faltering companies, tempering some proposals the flourishing industry viewed as most egregious and expensive.
Supreme Court to weigh IRS penalties on alleged tax dodges
WASHINGTON (Reuters) - The U.S. Internal Revenue Service's practice of slapping steep, 40-percent penalties on participants in certain alleged tax shelters will soon come to trial before the Supreme Court.
SEC to Boston judge: press release won't taint criminal trial
(Reuters) - The U.S. Securities and Exchange Commission on Tuesday defended a press release it had issued about its case against an investment adviser, after a Boston federal judge raised concerns that it could taint the adviser's upcoming separate criminal trial on a tax matter.
Five questions to get to brass tacks with your money manager
CHICAGO (Reuters) - When interviewing a money manager, most investors want to know investment performance. It is a natural question, but there is much more you need to know beyond absolute returns.
Europe chokes moral hazard: James Saft
(Reuters) - Moral hazard may not be quite dead in Europe but it has a bad, hacking cough.
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