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Wednesday, July 3, 2013

Reuters Money: For online lenders, Wall Street cash brings growth and risk

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07/3/2013
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
For online lenders, Wall Street cash brings growth and risk
SAN FRANCISCO (Reuters) - Institutional investors are tripping over themselves to buy so-called peer-to-peer loans offered by a new breed of Internet lending companies, a development that could transform the nascent sector into significant player in the credit markets.
New York's attorney general scrutinizes payroll cards: NYT
(Reuters) - New York's top prosecutor is investigating some of the state's largest employers over their use of ATM-style cards to pay their hourly employees, the New York Times reported.
Strip mall owners struggle with lack of demand in second quarter
NEW YORK (Reuters) - U.S. strip mall owners struggled with a lack of demand in the second quarter, although limited construction of new space led to a modest improvement in vacancy rates and slightly higher rents, according to a report released on Wednesday.
SAC Capital posts strong June amid market selloff, U.S. probe
NEW YORK (Reuters) - SAC Capital Advisors, the hedge fund firm run by billionaire Steven A. Cohen that has been under intense scrutiny as part of an insider trading investigation, posted a surprisingly strong return in June amid a global market sell-off.
Healthcare reform to end 'job lock' for the over-50 crowd
CHICAGO (Reuters) - When Carmen Oberai was diagnosed with breast cancer several years ago, she knew the treatment would make it tough for her to stay at her job. But she needed the health insurance provided by her employer, so she worked through the illness.
High-end pawn shops solve small business cash crunch
CHICAGO (Reuters) - When Marc Kaye needed a loan to fund his boutique insurance firm at a time when payroll, his kids' college tuition and a mortgage payment were all draining his cash reserves, he didn't go to a bank.
Stock market strategies for a volatile summer
NEW YORK (Reuters) - Ever since the Federal Reserve started hinting it could pull back on its massive bond-buying stimulus program later this year, the stock market has been on a wild ride.
Pimco Total Return Fund posts record outflows of $9.6 billion
NEW YORK (Reuters) - Pimco Total Return, the world's largest bond fund, suffered record large outflows in June, in a second straight month of withdrawals amid carnage in the bond market that have reduced the fund's assets by 8.5 percent, data from Morningstar showed on Tuesday.
What older Americans can do about big student loans
NEW YORK (Reuters) - In the debate over growing student debt, there has always been one mitigating factor: Borrowers tend to be fairly young and there is plenty of time to pay off what they owe.
Student loans: Exploiting America's young - Douglas Holtz-Eakin
(Reuters) - Obamacare was paid for on the backs of students.
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