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Thursday, May 16, 2013

Reuters Money: Data raises questions about strength of U.S. economy

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05/16/2013

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

Data raises questions about strength of U.S. economy

WASHINGTON (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose sharply last week while ground-breaking at home construction sites tumbled in April and a gauge of underlying inflation pointed to weak demand.

Brokers' legal woes can trigger sticky conversations

(Reuters) - The Financial Industry Regulatory Authority's public disclosure database, BrokerCheck, is a tool to help investors research the background of brokers. Nonetheless, it can also be a headache for brokers whose records are not squeaky clean.

U.S. regulator to vote on watered-down swap rules

WASHINGTON (Reuters) - Big banks are set to gain key concessions as the top U.S. derivatives regulator meets to vote on watered-down rules for swap trading that will chip away at Wall Street's dominance of the $630 trillion market.

UK lawmakers find Google misleading on tax

LONDON (Reuters) - Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year.

Insight: Dimon has big say over who serves on JPMorgan board

(Reuters) - For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank.

The U.S. factory renaissance and your portfolio

(Reuters) - The possible coming rebirth of U.S. manufacturing might turn out to be the most important investment story of the next decade, up-ending the winners and losers of the former world order.

Retiring on 0.25 percent a year

WASHINGTON (Reuters) - It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people - I'm sure they are all very respectful of their elders. (The policy-setting reserve bank presidents typically have to retire when they are 65. Bernanke is 59.)

Harvard hikes pay for top in-house money managers

BOSTON (Reuters) - Harvard University paid its top six in-house money managers $29.5 million in 2011, a 45 percent hike from the previous year that it said was due to the "exceptionally strong" returns on the school's endowment during that period.

Hedge funds shop at Supervalu, sour on Apple

NEW YORK (Reuters) - Barry Rosenstein's JANA Partners liked grocery chain Supervalu Inc in a big way in the first quarter, while Philippe Laffont's Coatue Management lost its stomach for the company's shares.

Column: Four ways to avoid bad decisions during a bull run

CHICAGO (Reuters) - Is the Dow's movement above 15,000 or the record close of the S&P 500 Index last week a buy signal? They may not mean anything, but most market watchers believe the rise is talismanic.