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Tuesday, July 30, 2013

Reuters Money: U.S. indicts hackers in biggest cyber fraud case in history

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07/30/2013
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
U.S. indicts hackers in biggest cyber fraud case in history
NEWARK, N.J./BOSTON (Reuters) - Federal prosecutors said on Thursday they have charged five men responsible for a hacking and credit card fraud spree that cost companies more $300 million and two of the suspects are in custody, in the biggest cyber crime case filed in U.S. history.
Asset manager Waddell & Reed's profit rises as net inflows soar
(Reuters) - Asset manager Waddell & Reed Financial Inc reported a 26 percent rise in quarterly profit as net inflows more than doubled.
Frugal U.S. families focus on cheaper colleges: Sallie Mae
BOSTON (Reuters) - While higher education remains a priority, many Americans are balking at high-priced institutions, and two-thirds of families eliminated colleges or universities during the 2012-2013 application process based on affordability, according to student lender Sallie Mae.
U.S. regulators moving cautiously on mortgage reforms
WASHINGTON (Reuters) - U.S. bank regulators, wary of upsetting the fragile housing market, are moving cautiously in fashioning dozens of new rules to prevent reckless underwriting and other mortgage market abuses.
Pimco avoiding commercial paper, bullish on short-term Treasuries
NEW YORK (Reuters) - Commercial paper and certificates of deposit are overpriced, the head of short-term portfolios for Pimco said on Monday, saying he favors short-term Treasuries in expectation of an economic slowdown.
Do introverts make better investors?
NEW YORK (Reuters) - Think of the successful Wall Street investor, and you are likely to envision a hard-charging, aggressive, Type-A personality - someone who can carry on multiple conversations, keep an eye on four computer screens, yell over the trading din and watch CNBC all at the same time.
How should teens handle their summer-job money?
NEW YORK (Reuters) - Anchorage, Alaska, teen Grace Bolt isn't spending her summer lolling at the pool or in front of a video game controller - she's juggling a variety of jobs and cashing a variety of paychecks.
Home prices rose in May though pace cooled: S&P
NEW YORK (Reuters) - U.S. single-family home prices rose in May, though the pace of gains cooled compared to the month before, a closely watched survey showed on Tuesday.
Hedge fund star Narula's main fund off 10.4 percent in second-quarter
BOSTON (Reuters) - Deepak Narula's main hedge fund, of one last year's best performers, fell 10.4 percent in the second quarter, its deepest quarterly loss ever, pummeled by fears that interest rates would rise, Narula said in a letter to investors.
Schwab executives see rate improvements; drop 'Talk to Chuck'
NEW YORK (Reuters) - Brokerage giant Charles Schwab Corp on Friday gave a cautiously upbeat assessment of client confidence and the outlook for interest rates, but warned investors against over confidence about its near-term outlook
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