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Friday, May 17, 2013

Reuters Money: How to see the world and 'arbitrage' your retirement

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05/17/2013
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
How to see the world and 'arbitrage' your retirement
NEW YORK (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.
Column: Business Development Companies - High yield, high risk
CHICAGO (Reuters) - In a frantic search for yields, investors often turn toward relatively unknown products. Business Development Companies (BDCs) are one of latest vehicles to grab investor attention - and money.
Political storm over IRS targeting scandal shifts to Congress
WASHINGTON (Reuters) - A House of Representatives panel on Friday opens the first in a series of investigative hearings in Congress on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny, as the political storm over the scandal shifts to Capitol Hill.
Every cent helps: euro zone explores scrapping smallest coins
BRUSSELS (Reuters) - Saving pocket change may not end the euro zone crisis, but the European Commission hopes that scrapping the smallest coins could help penny-pinching governments cut costs.
Tightness returns to the LME lead market: Andy Home
LONDON (Reuters) - Cash-date tightness has returned to the London Metal Exchange (LME) lead market.
Lower income shoppers still feeling pinched, U.S. retailers say
NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc.
Google's Schmidt to meet Britain's Cameron as tax row rages
LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted the Internet company's tax affairs.
Evidence mounts on slower U.S. economic growth
WASHINGTON (Reuters) - The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites.
Column: QE and the portfolio puzzle - James Saft
(Reuters) - Quantitative easing may well be pushing investors to hold more cash rather than risk assets, blunting its impact as monetary policy.
Schwab reverses ban on client class-action lawsuits
(Reuters) - Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry and plaintiffs' attorneys.
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