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Thursday, May 30, 2013

Reuters Money: Cutting the costs of running, tips for road warriors

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05/30/2013
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
Cutting the costs of running, tips for road warriors
NEW YORK (Reuters) - When Theresa Tufaro started running back in her college days, she thought she was taking up one of the cheapest hobbies ever.
Column: Five trends that favor stocks over bonds
CHICAGO (Reuters) - With the S&P 500 Index up more than 16 percent this year and health care, its top sector index, up 24 percent, it seems counterintuitive that so many investors are clinging to the low single-digit returns in bonds.
Stern Advice: Borrow now and other ways to prep for rising rates
WASHINGTON (Reuters) - Don't look now, but interest rates have started to rise.
SEC to consider money market fund proposal next week
WASHINGTON (Reuters) - U.S. securities regulators will convene next week to consider a long-awaited proposal that would impose new rules on the $2.6 trillion money market fund industry, according to an announcement posted on the agency's website.
When a buyback looks like executive pay
(Reuters) - You know those "shareholder-friendly" stock buybacks the market is so excited about? Most of that money is going to offset options granted to executives.
Four ways to prepare for hurricane season
NEW YORK (Reuters) - On storm surge maps that show the ravages of Superstorm Sandy, my house sits on a rare patch of dry land surrounded by swaths of water.
Fairholme makes $500 million bet on Fannie, Freddie preferred: CNBC
NEW YORK (Reuters) - Fund manager Bruce Berkowitz's Fairholme Capital Management is making a big bet on Fannie Mae and Freddie Mac preferred shares, CNBC reported on Wednesday.
Mutual funds holding U.S. stocks recorded outflows on Fed fears: ICI
NEW YORK (Reuters) - Investors in mutual funds based in the United States pulled $475 million out of funds that hold U.S. stocks in the latest week amid fears the Federal Reserve could scale back its easing, data from the Investment Company Institute showed on Wednesday.
UBP snaps up Lloyds international private banking arm
ZURICH/LONDON (Reuters) - Union Bancaire Privee (UBP) is buying Lloyds Banking Group Plc's international private banking arm, as the bailed-out British lender focuses on its domestic market and the Swiss wealth manager builds on a recent acquisition spree.
U.S. money market assets increased in latest week: iMoneyNet
NEW YORK (Reuters) - U.S. money market fund assets increased by $3.64 billion to $2.587 trillion in the week ended May 28, the Money Fund Report said on Wednesday.
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