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Tuesday, May 7, 2013

Reuters Money: Column: UK's long wait - for Carney and recovery

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05/7/2013
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
Column: UK's long wait - for Carney and recovery
(Reuters) - Britain may well come to regret the exceptionally long gap between Governor of the Bank of England-to-be Mark Carney's appointment in November and his first day on the job in July.
Hong Kong IPO market heats up with $3.5 billion Sinopec unit, Galaxy Securities deals
HONG KONG (Reuters) - A unit of Sinopec Group and brokerage China Galaxy Securities are launching Hong Kong IPOs on Monday seeking to raise up to $3.5 billion in total, injecting life into Asia's moribund IPO markets where deal values more than halved in the first quarter of the year.
Made in America label stages comeback at stores
NEW YORK (Reuters) - When Roger Simmermaker went shopping for clothes at a Florida mall in the mid-1990s, he wanted to buy American, but to his frustration, he couldn't find anything made in the U.S.A.
Payout pitfalls: The secret number behind your dividends
NEW YORK (Reuters) - If there is a stock market superhero these days, it is the humble dividend.
Hypothetical pay for mothers falls, reflecting stagnant U.S. wages
NEW YORK (Reuters) - A mother's hypothetical pay fell for the second year in a row, dragged down by stagnating wages in the United States, according to insurance information website Insure.com.
Two ways to play the retail rebound
CHICAGO (Reuters) - With consumer stocks blazing this year, it makes sense for investors to focus on retailers as the economy continues an inchworm-like recovery. But retail is a fickle business. And trying to guess which companies will survive over the long-term is a dangerous game.
SEC chief White remains mum on money market fund rules
WASHINGTON (Reuters) - The top securities regulator remained tight-lipped on Friday about the details of her agency's efforts to craft reforms for money market funds, probably disappointing an audience of fund industry executives who gathered in Washington for an annual conference.
FINRA warns about misleading investors in non-traded REITs
(Reuters) - The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems, according to a regulatory notice.
Pension fund files suit against bank CDS "conspiracy"
NEW YORK (Reuters) - A pension fund has initiated a class action lawsuit against a group of the world's largest banks, accusing them of "conspiring" to scuttle competition in the $27 trillion credit default swap (CDS) market, in turn raising fund managers' costs.
Regulators eye troubling credentials for advising seniors
NEW YORK (Reuters) - Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
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