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Wednesday, June 26, 2013

Reuters Money: Are Bitcoin buyers enthusiasts or savvy speculators?

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06/26/2013
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
Are Bitcoin buyers enthusiasts or savvy speculators?
NEW YORK (Reuters) - Pat Chen made a Bitcoin the other day. But he didn't mine it the way you are supposed to by following a set of instructions using a specialized algorithm to create the digital currency, then waiting to snag one of the 21 million Bitcoins that will be generated by the year 2140.
P2P lending pulls in big investors - should you bite?
NEW YORK (Reuters) - Less than a decade ago, peer-to-peer lending came to the United States as an upstart enterprise - a service that would in a very personal way link would-be borrowers with individual lenders and bypass the banking industry.
Wake up, shareholders! Your rights may be in danger: Frankel
NEW YORK (Reuters) - Do you believe that securities class actions and shareholder derivative suits have any salutary effect on corporate governance - that directors and officers are less likely to misbehave when they're liable to shareholders (their nominal bosses) in court?
More heirs wait as wills dole out money slowly
NEW YORK (Reuters) - When Juliann Reynolds' husband died of cancer in 1992, she had to decide how to plan her own estate.
Column: Bond moves to make as U.S. Fed fires warning shot on rates
CHICAGO (Reuters) - Now that the U.S. Federal Reserve has announced it might wind down its stimulus program, and as rates rise, it's critical to adjust your portfolio.
Ex-Bank of America trader launches credit hedge fund: source
LONDON (Reuters) - Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets.
Young funds bet big on free-spending seniors
PARIS/LONDON (Reuters) - Their birth heralded the longest phase of economic growth in living memory. Now, 65 years on, wealthy "Baby Boomers" are doing the feeble global economy another good turn, according to some fund managers.
Akre Fund focuses on value as market declines
(Reuters) - Chuck Akre is trying to make the most of the suddenly scary stock market.
Ex-banker faces off against China bears with hedge fund
HONG KONG (Reuters) - Paul Conway's eventful career in China included advising companies on stock offerings and overseeing a messy business restructuring -- the latter stint forcing him to hire a bodyguard to fend off harassment from local thugs.
Column: Dear entrepreneur, we are canceling your health insurance
NEW YORK (Reuters) - As President Obama's health care overhaul begins to change how Americans get their health insurance, the nearly 22 million people who are self-employed will see some of the most dramatic changes, with perhaps half of them headed for the new health exchanges in the fall.
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