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Wednesday, July 24, 2013

Reuters Money: Falling Apple dents brokers' margin loan balances

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07/24/2013
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
Falling Apple dents brokers' margin loan balances
NEW YORK (Reuters) - The collapse of Apple Inc's stock over the last year has spread to a core business of retail broker-dealers - lending to customers against their stock portfolios.
Senators balk at senior U.S. lawmakers' tax reform drive
WASHINGTON (Reuters) - Despite talk about tax reform, U.S. senators are largely shrugging off a request that they present specific ideas for rewriting a tax code that has grown to more than 70,000 pages since it was last revamped 27 years ago.
Better healthcare for less money, if you can find it
NEW YORK (Reuters) - Consumers intrigued by the new model of accountable healthcare - which promises better-coordinated care that could save lots of money - are going to have to actively seek out participating providers.
Federal prosecutors preparing to charge SAC Capital: WSJ
(Reuters) - Federal prosecutors are preparing to announce criminal charges as early as this week against Steven A. Cohen's hedge fund SAC Capital Advisors LP, which is being probed for alleged insider trading, the Wall Street Journal said, citing people familiar with the matter.
Detroit and the importance of failure: James Saft
(Reuters) - Here is the real meaning of Detroit: human institutions sometimes fail and we are far better off acknowledging and accommodating this than fighting it.
Corzine seeks to dismiss trustee's lawsuit over MF Global collapse
(Reuters) - Jon Corzine and two of his top executives at defunct commodities brokerage MF Global sought Monday to have dismissed a lawsuit accusing them of hastening the firm's 2011 collapse.
What is the best amount to save for college?
NEW YORK (Reuters) - College savings expert Joe Hurley thinks that $250 a month is the optimal amount to contribute to a child's 529 plan.
Investors add bullish U.S. bond bets after Bernanke: survey
NEW YORK (Reuters) - Investors raised their longer-dated U.S. Treasuries holdings in the latest week after Federal Reserve Chairman Ben Bernanke sought to reduce worries about rising interest rates, according to a survey released on Tuesday.
Canadian advisers struggle with sidelined cash
TORONTO (Reuters) - When financial adviser Lee Helkie sits down with clients who are afraid to invest their money, she walks the same uphill path her peers have faced since 2009: how to get investors off the sidelines before it is too late.
SAC Capital memo refutes allegations against CEO Cohen: WSJ
(Reuters) - Hedge fund firm SAC Capital Advisors gave its employees a 46-page rebuttal to U.S. government allegations that Chief Executive Steven Cohen failed to take effective measures to prevent insider trading, The Wall Street Journal reported.
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