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Monday, May 20, 2013

Reuters Money: Should you skip Obamacare and keep your old plan?

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05/20/2013
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
Should you skip Obamacare and keep your old plan?
BOSTON (Reuters) - When the Patient Protection and Affordable Care Act, aka Obamacare, starts rolling out in October, it will overhaul how Americans get healthcare coverage. Yet many workers will feel little immediate impact.
Analysis: Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.
Morgan Stanley to sell India wealth management unit to StanChart
(Reuters) - Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed.
White House accuses Republicans of 'fishing expeditions'
WASHINGTON (Reuters) - The White House on Sunday accused Republicans of conducting political "fishing expeditions," while Republican lawmakers showed no let up in attacking President Barack Obama's administration for a culture of what they called cover-up and "intimidation."
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.
NY regulator questions investment firms' ties to insurers: WSJ
(Reuters) - New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal said on Monday, citing people familiar with the inquiry.
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.
Hedge funds selling gold after propping market a month ago
NEW YORK (Reuters) - Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price.
SAC Capital's Cohen gets subpoena to testify: NY Times
(Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on the case.
High-yield bond funds see lower demand after record rally
NEW YORK (Reuters) - Investors worldwide cut back on commitments to high-yield "junk" bond funds in the latest week, giving just $100 million to the funds globally after committing over $1 billion the prior week, according to Bank of America Merrill Lynch.
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