Reuters Money: The taper: let's not call a retreat a victory - James Saft

	Click to View in Browser 08/6/2013 The taper: let's not call a retreat a victory - James Saft (Reuters) - If the Federal Reserve does begin to taper its purchases of bonds in September there is really only one way to interpret the move: as a retreat. U.S. cities to retirees: Don't count on health insurance, either CHICAGO (Reuters) - Chalk it up as an unintended consequence of Obamacare: a growing number of U.S. employers are aiming to cut their healthcare costs by shifting retirees into the law's new public insurance exchanges, which launch this October. Is it smart to lend money to Puerto Rico? LONG BEACH, California (Reuters) - Puerto Rico may be a nice place to visit, but would you really want to lend there? Wells Fargo to offer credit cards that help cut consumer debt (Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank, is trying to grow its relatively small credit-card business with an unusual strategy: appealing to its customers' distaste for debt. Save Mom and Dad from costly dating mistakes (Reuters) - It can be challenging to tell your teenager that you aren't happy with the person he or she is dating. Try having that same conversation with Mom or Dad. Focus Financial adds team with $400 million in assets (Reuters) - Focus Financial Partners LLC, a firm that has grown by acquiring independent advisers and teams across the United States, said Monday it landed a team in Michigan that manages about $400 million in client assets. Ackman's Pershing Square lost 2.2 percent in July: sources NEW YORK (Reuters) - It was a tough July for hedge fund manager William Ackman, whose $11.16 billion Pershing Square Capital Management lost 2.2 percent during the month, according to three investors. FINRA fines Oppenheimer $1.4 million over penny stocks, internal controls NEW YORK (Reuters) - Oppenheimer & Co has agreed to pay $1.425 million in fines to resolve charges that the financial services company sold unregistered penny stocks and had inadequate safeguards against money laundering, Wall Street's industry-funded watchdog said. 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. Related Video Daily Digit: 72% choose thin over $ Why bruised Brazil is a buy Business News U.S. trade gap hits three-and-half year low, may boost GDP growth ICE profit rises 7 percent on energy futures, CDS clearing The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend