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Thursday, June 13, 2013

Reuters Money: Plan for quashing broker complaints to meet resistance

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06/13/2013
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
Plan for quashing broker complaints to meet resistance
(Reuters) - Within the next few weeks, the Financial Industry Regulatory Authority (FINRA) expects to send the Securities and Exchange Commission a proposal to make it easier for securities brokers to erase certain black marks from their records.
Column: How to fight age discrimination
CHICAGO (Reuters) - Older Americans are being urged to repair their retirements by working longer. But it's difficult to do in a tough economy, and one cause is illegal age discrimination by employers.
A $30 trillion missed opportunity?
(Reuters) - If your idea of a client-wooing event is a steak dinner and an investment lecture, you may be missing out on a very big market: the children of your clients, whose tastes differ markedly from those of their parents.
Value investor Nygren bullish on Apple, still avoiding Dell
CHICAGO (Reuters) - William Nygren, a top manager at Oakmark Funds, said on Wednesday he remains bullish on Apple Inc and Bank of America Corp, but is still avoiding Dell Inc in light of the company's plans to take the computer maker private.
U.S. bond funds hit with more than $10 billion in outflows: ICI
NEW YORK (Reuters) - Investors in mutual funds based in the United States pulled more than $10 billion out of bonds funds in the week ending June 5, on fears the U.S. Federal Reserve would begin winding down its bond-buying program, data from the Investment Company Institute showed on Wednesday.
Rival hedge funds hope to feast on SAC Capital redemptions
BOSTON/NEW YORK (Reuters) - A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen's SAC Capital Advisors is expected to return to investors by year-end.
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.
Bonds on sale but still too dear
(Reuters) - Sometimes, as with Treasury bonds right now, a better deal just isn't good enough.
Women to pay more for long-term-care coverage
WASHINGTON (Reuters) - Long-term-care insurance has always been an expensive product, but now it is getting a lot pricier - especially for single women who may most need help in old age.
Swiss upper house backs U.S. tax deal to protect banks
ZURICH (Reuters) - Switzerland cleared the first hurdle towards ending a long-running U.S. tax probe after one chamber of lawmakers voted to allow banks to sidestep strict secrecy laws to end the threat of criminal charges for helping wealthy Americans evade tax.
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