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Wednesday, June 12, 2013

Reuters Money: Funds betting on the growing amusement park market

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06/12/2013
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
Funds betting on the growing amusement park market
NEW YORK (Reuters) - It's the one place where a roller coaster ride is a good thing.
Swiss upper chamber approves U.S. tax deal
ZURICH (Reuters) - The Swiss upper house of parliament backed on Wednesday a bill that would let Swiss banks hand over information to the U.S. authorities to help settle a dispute on tax evasion.
Princely Liechtenstein bank keen for clarity on tax
ZURICH (Reuters) - Prince Max von und zu Liechtenstein, chief executive of Liechtenstein's biggest bank LGT, said it was striking how fast opinions on tax evasion had shifted since 2008, when stolen data revealed hundreds of Germans had hidden assets in the principality.
NY regulator calls for moratorium on 'shadow insurance' practice
(Reuters) - New York's top financial regulator has called for a national moratorium on certain transactions by life insurance companies that potentially put policyholders and taxpayers at greater risk, according to a regulatory report.
Retirement account balances grow 10 percent: study
NEW YORK (Reuters) - Americans with savings in retirement plans have something to celebrate: Average 401(k) account balances rose 10 percent in 2012, to $86,212, according to mutual fund company Vanguard Group.
Is your stock strategy working?
CHICAGO (Reuters) - For Eugene Fama, the University of Chicago professor and father of modern finance, the key to investing is relatively simple - stay in a low-cost, diversified portfolio to capture virtually all market returns with a mix that's right for the amount of risk you can stomach.
Investors continue to dump commodity ETPs in May: BlackRock
LONDON (Reuters) - A stronger dollar and weaker inflation expectations prompted further redemptions from commodity exchange traded products (ETPs) by investors in May, although the pace slowed from April's record outflows.
Halfway to an emerging bear market: James Saft
(Reuters) - Already halfway to a bear market, emerging market stocks face slumping commodities prices and what looks very much like a global trade slowdown.
Analysis: Raising prices easier said than done for U.S. companies
NEW YORK (Reuters) - Walt Disney Co last week hiked single-day admission prices at its U.S. theme parks by up to 9.6 percent, the fifth increase since 2009. But other U.S. companies might want to think twice before following suit.
How to avoid urgent care sticker shock
NEW YORK (Reuters) - When you walk into any given urgent care center, two things matter: who owns it and what insurance you have.
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