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Tuesday, April 2, 2013

Reuters Money: A time of unqualified promises

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04/2/2013
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
A time of unqualified promises
(Reuters) - Just as Mario Draghi's pledge to "do whatever it takes" to preserve the euro is being challenged, the very same unqualified promise, this time to simply stop prices falling, is about to be put into action in Japan.
Fidelity Contrafund's Danoff cuts Apple stake 10 percent
BOSTON (Reuters) - Portfolio manager Will Danoff, whose $92 billion Fidelity Contrafund is the largest active shareholder in Apple Inc, cut the fund's stake in the iPhone maker 10 percent during the first two months of 2013.
Consumer delinquencies on home-related loans dip: ABA
WASHINGTON (Reuters) - U.S. consumer delinquencies on home-related loans fell in the fourth quarter of 2012, which could indicate a slow recovery is underway in the housing market, the American Bankers Association said on Tuesday.
DoubleLine's Gundlach says "lost decade" in stocks unlikely -call
NEW YORK (Reuters) - Jeffrey Gundlach, chief investment officer and chief executive of DoubleLine Capital LP, said Monday that another "lost decade" in stocks is unlikely and that lower yields on 10-year Treasury notes have made them less attractive.
Modern Etiquette: The Power of Referrals
WASHINGTON (Reuters) - Attention job seekers! One of the best ways to get your foot in the door for a job interview is to get a job referral, or two.
BRICs, move over. TIMPs are the new emerging market stars
LONG BEACH, California (Reuters) - One day you're a hot young thing and everybody loves you. Then suddenly you're more mature, move a bit slower, and some hotter thing is threatening to replace you.
Public pension holdings highest since 2007 peak: U.S. Census
NEW YORK (Reuters) - Public pensions reached a milestone in the fourth quarter of 2012 when assets rose to the highest since a peak just before the financial crisis, according to Census data released on Thursday.
IRS broadens identity theft tax crackdown to all 50 states
WASHINGTON (Reuters) - The U.S. Internal Revenue Service on Thursday broadened a crackdown on tax related identity theft to include all 50 states, allowing local law enforcement officers limited access to IRS documents.
U.S. asks Liechtenstein for data in tax evasion probe
ZURICH (Reuters) - United States prosecutors have asked Liechtenstein to hand over data on foundations and other financial vehicles as part of their investigation into tax evasion by wealthy Americans.
Relational supports Elliott nominees to Hess board
NEW YORK (Reuters) - Activist investment firm Relational Investors LLC plans to support a slate of directors nominated to Hess Corp's board by hedge fund Elliott Management, saying those nominees would assure greater accountability at the oil and gas company.
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