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Wednesday, May 8, 2013

Reuters Money: Column: When aging provides a business opportunity

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05/8/2013
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: When aging provides a business opportunity
CHICAGO (Reuters) - Gary Bates was an airline pilot for 37 years, and in his last few years on the job, he noticed older travelers having trouble with the whole experience: the security lines, the delays and the increasingly expanding airports.
Analysis: Hedge funds in search of distress take a look at Detroit
(Reuters) - In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as "vultures."
Column: Despite risks, retirement savers plow into target-date funds
CHICAGO (Reuters) - A torrent of money flowing into target-date funds suggests many retirement investors may be ignoring the risks of this key category.
Downsizing boomers spark new career for superorganized
CHICAGO (Reuters) - When Rod Thorpe and his wife, both seniors, faced moving from their 4,600-square-foot house into a small apartment a year ago, they turned to a professional downsizer.
Column: Five days below the poverty line
(Reuters) - My wife Becky and I experimented with radically cutting our food costs last week as part of a fundraising campaign created by a hunger charity.
New York probes pension advances, subpoenas 10 companies
(Reuters) - New York's main banking regulator has opened a probe into pension advance companies that persuade retirees and military veterans to sign over pension checks in return for cash payments.
U.S. public pensions outperform peers in first quarter: Wilshire
(Reuters) - U.S. public pension funds outperformed their peers in the first quarter of 2013, largely because of their greater exposure to equities assets, data from Wilshire Associates showed.
Hedge fund trial to raise pressure on UK fraud prosecutor
LONDON (Reuters) - Britain's top fraud prosecutor is likely to face serious criticism over its handling of an investigation into the $600 million collapse of one of London's oldest hedge funds, a judge said on Tuesday.
Hedge fund chief Paulson loses big on gold
NEW YORK (Reuters) - Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry.
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.
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