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Friday, June 21, 2013

Reuters Money: Rural retirement can be early and on the cheap

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06/21/2013
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
Rural retirement can be early and on the cheap
MOUNTAIN VIEW, Missouri (Reuters) - When my parents moved to the outskirts of this rural town more than 20 years ago, I thought they were insane.
Swiss government puts off bid to settle U.S. tax dispute
ZURICH (Reuters) - The Swiss government will consider ways to allow its banks to hand over information to U.S. authorities either next Wednesday or a week later, a spokesman said on Friday, later than previously indicated.
Accounting rules mask banks' financial health: investors
LONDON (Reuters) - Major UK shareholder groups took a fresh swipe at "unreliable" accounting rules which make it harder for them to assess the strengths of the companies they invest in.
Morgan Stanley gets approval to buy remaining stake in wealth management joint venture
(Reuters) - Morgan Stanley said it has received regulatory approval to buy the remaining 35 percent stake in its joint wealth management business Morgan Stanley Smith Barney Holdings LLC from Citigroup Inc.
U.S. taxable bond funds suffer third week of outflows: Lipper
NEW YORK (Reuters) - Investors in funds based in the United States pulled $508 million out of taxable bond funds in the latest week, marking the first three-week outflow streak from the funds since August 2011, data from Thomson Reuters' Lipper Service showed on Thursday.
Bernanke's stand-off with markets: Who will blink first?
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke is playing a potentially dangerous game of chicken with global financial markets sent reeling by his threat to scale back the central bank's huge stimulus program.
Perelman company reaches another settlement with U.S. government
(Reuters) - A company owned by Ronald Perelman has agreed to pay $720,000 to settle U.S. Department of Justice charges relating to a stock purchase, the second time this month that the billionaire financier agreed to penalties to resolve civil charges by the federal government.
Exclusive: Banks vie to run Wal-Mart's coveted $15 billion retirement plan
(Reuters) - Wal-Mart Stores Inc is considering bids from retirement plan managers to run its $15.6 billion 401(k) program, which has been administered by Bank of America's Merrill Lynch unit for 15 years, according to three sources familiar with the situation.
Hedge fund exits rise in June as investors reposition at mid-year
LONDON (Reuters) - Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere.
Madoff trustee cannot sue big banks, U.S. court rules
NEW YORK (Reuters) - The trustee seeking money for Bernard Madoff's victims suffered a big defeat as a federal appeals court rejected his bid to recover nearly $30 billion from JPMorgan Chase & Co. and other banks he accused of aiding in the swindler's fraud.
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