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Friday, June 28, 2013

Reuters Money: How to live up to your LGBT marketing

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06/28/2013
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 live up to your LGBT marketing
(Reuters) - Gays and lesbians may not yet have full marriage equality in every state, but in the eyes of the wealth management industry, their money is as good as anyone's.
Consumer spending, jobs data point to lukewarm growth
WASHINGTON (Reuters) - Consumer spending rebounded in May and new applications for unemployment benefits fell last week, suggesting the economy remained on a moderate growth path.
U.S.-based taxable bond funds post $8.62 billion outflows: Lipper
(Reuters) - Investors in funds based in the United States pulled $8.62 billion out of taxable bond funds in the latest week, marking the first four-week streak of outflows from the funds since 2008, data from Thomson Reuters' Lipper service showed on Thursday.
Same-sex couples see big tax benefits from historic ruling
NEW YORK (Reuters) - Jennifer Cole-Ruiz, a chef who recently opened La Mujer Gala tapas restaurant in Brooklyn with her wife, Madelein Ruiz, on Wednesday night planned to celebrate the historic U.S. Supreme Court decisions in support of same-sex marriage with a glass of cava after their customers had gone home.
Mysteries of the middle class: Chrystia Freeland
NEW YORK (Reuters) - If you are worried about the Western middle class - and we all should be - you may have started to have some doubts about the virtues of flexible labor markets. In theory, flexible labor markets should make our economies more productive, and all of us richer, by making it easier for people to do the work the economy needs and to stop doing the work it doesn't.
Rising U.S. college costs get scant attention in loan rate debate
(Reuters) - While Congress squabbles about how to prevent student loan interest rates from doubling, economists say the rate issue does nothing to fix the core problem for American students: the high cost of college and the heavy debt burden it creates.
Fed bond-buying could be more aggressive than new timeline: Dudley
NEW YORK (Reuters) - The Federal Reserve's asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if U.S. economic growth and the labor market turn out weaker than expected, the influential head of the New York Fed said on Thursday.
Fed's Powell urges markets to dial back rate hike expectations
WASHINGTON (Reuters) - Financial markets have over-reacted to the Federal Reserve's statements on reducing the pace of bond purchases later this year, and have brought expectations of the first Fed rate hike too far forward, a senior U.S. central banker said on Thursday.
Senate tax-writers give colleagues deadline for tax fixes
WASHINGTON (Reuters) - The Senate's top Democratic and Republican tax-writers, undertaking a rewrite of the U.S. tax code, on Thursday challenged their Senate colleagues to justify keeping popular tax breaks versus lowering rates.
Hedge fund firm Lansdowne names new CEO
LONDON (Reuters) - One of London's largest hedge fund firms, Lansdowne Partners, has named Alex Snow, the former head of UK Investment Banking at Investec, as its new chief executive officer.
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