Career News 24/7: Reuters Money: Hiring slows in July but jobless rate falls to four-year low

Monday, August 5, 2013

Reuters Money: Hiring slows in July but jobless rate falls to four-year low

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08/5/2013

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

Hiring slows in July but jobless rate falls to four-year low

WASHINGTON (Reuters) - Employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the Federal Reserve more cautious about drawing down its huge economic stimulus program.

What student debt? How the other millennials think about money

NEW YORK (Reuters) - When Josh McFarland graduated from Stanford he owed $40,000 in student loans and couldn't fathom a way he'd ever pay it off and have a future for himself - not unusual for the typical young adult these days. Then he went to work for Google.

Record inflow into U.S. equity funds in July: TrimTabs

(Reuters) - Investors poured a record $40.3 billion into U.S. equity mutual funds and exchange-trade funds in July, after largely ignoring equities in June, research provider TrimTabs Investment Research said on Sunday.

U.S. state pension assets fell in 2012: Census

NEW YORK (Reuters) - Assets in U.S. state retirement systems fell for the first time in two years in the fiscal year ended in June 2012, with payouts outpacing investment gains, according to a report from the U.S. Census.

Pimco Total Return Fund suffers $7.5 billion outflow in July

NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest mutual fund, suffered an outflow of $7.5 billion in July, following record outflows in June, estimated data from Morningstar showed on Friday.

Analysis: What's in your small-cap fund? Try Boeing or Pfizer

NEW YORK (Reuters) - Investors in small-cap funds may be in for a big surprise.

Extremities of the risk divide win as emerging middle ground sours

LONDON (Reuters) - The winning investment strategy of 2013 has been simple but extreme: return home to the safety of the biggest, most-traded markets, or venture to the riskiest frontiers from Ivory Coast to Pakistan.

Wall Street watchdog to review tactic for cleaning broker records

NEW YORK (Reuters) - Wall Street's industry-funded regulator, FINRA, will review a controversial practice in arbitration cases that critics say makes it too easy for brokers to scrub some black marks from their records, according to an official with the organization.

U.S. judge tosses out Goldman ruling, points to arbitrator

(Reuters) - A federal judge late on Thursday tossed out a securities arbitration ruling against an investor who sought to recoup $1.4 million from Goldman Sachs Group Inc, citing an arbitrator's failure to fully disclose his involvement in an unrelated criminal proceeding, according to a court opinion.

Citigroup to pay $10.75 million in arbitration

(Reuters) - Citigroup Inc was ordered to pay $10.75 million to a former customer over losses from investments in Royal Bank of Scotland Group PLC, which was bailed out after the 2008 financial crash, a securities arbitration panel ruled.