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Thursday, August 15, 2013

Reuters Money: New ways to keep a kid in books without going broke

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08/15/2013
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
New ways to keep a kid in books without going broke
NEW YORK (Reuters) - In the middle of my last vacation, I found myself calling the beach town library in a panic, looking for books two and three of Trenton Lee Stewart's popular "Mysterious Benedict Society" series. I thought it would take my daughter a week to finish the first one. But she was so entranced, she finished it in two days.
Soros raises JC Penney stake but two big investors exit in second quarter
BOSTON (Reuters) - Billionaire investor and philanthropist George Soros likes ailing retailer JC Penney so much that he added another 2 million shares to his already large investment, according to regulatory filings released on Wednesday.
Berkshire investments to come out on Thursday after Wednesday glitch
(Reuters) - Details of investments made by Warren Buffett's Berkshire Hathaway Inc are expected to be made public on Thursday, following a technical glitch that prevented their disclosure on Wednesday as scheduled.
Paulson & Co more than halves gold ETF stake in second quarter
NEW YORK (Reuters) - Paulson & Co more than halved its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, in the second quarter, when the bullion price lost nearly a quarter of its value.
Hedge funds warm to Apple; Omega re-enters, Soros buys more
NEW YORK (Reuters) - Apple Inc is regaining its popularity among the biggest hedge funds, some of which have said a massive sell-off this year has gone too far.
Soros dumps US Airways, Tiger Consumer likes Facebook
NEW YORK (Reuters) - Billionaire investor George Soros dumped 7.85 million shares of US Airways Group Inc in the second quarter, a regulatory filing on Wednesday showed.
U.S. charges two ex-JPMorgan bankers over 'London Whale' loss
NEW YORK (Reuters) - U.S. prosecutors brought criminal charges on Wednesday against two former JPMorgan Chase & Co employees in the trading scandal that cost the bank $6.2 billion last year, but the trader nicknamed "the London Whale" because of the size of losses was not one of them.
Asia investors grapple with shortage of shorter bonds as Fed jitters grow
HONG KONG (Reuters) - Fiscal prudence is starting to bite some Asian governments as they find global investors are shunning longer tenor bonds, worried about a turn in U.S. monetary policy and the region's growth prospects.
Cayman Islands, U.S. reach pact to fight tax evasion
WASHINGTON (Reuters) - The United States has cut a deal with the Cayman Islands that will smooth implementation in the Caribbean island nation of a new U.S. anti-tax evasion law, while pressuring other low-tax and no-tax countries to follow suit.
In praise of activist investment
(Reuters) - Here is a sentence I never thought I'd write: Hedge funds, activists to be specific, are a very good thing.
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