Reuters Money: U.S. jobless claims drop to 5-1/2 year low

	Click to View in Browser 08/1/2013 U.S. jobless claims drop to 5-1/2 year low WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market. Stern Advice: Financial advice that is popular - and wrong WASHINGTON (Reuters) - Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn't bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda yadda. Apollo, TGP among funds circling Gherkin tower owner IVG LONDON/FRANKFURT (Reuters) - Apollo and TPG Capital are among the private equity funds holding the debt of German property company IVG with a view to taking control as last-ditch talks with creditors near an end, two sources close to the situation told Reuters. Japan regulator says Singapore-based hedge fund manipulated share prices TOKYO (Reuters) - A Singapore-based hedge fund manipulated prices in the Japanese equity market and should pay a 431 million yen ($4.38 million) fine, Japan's securities regulator said, which would be biggest ever imposed against a non-Japanese firm for market manipulation. CME Group beats Wall Street view as trading climbs (Reuters) - CME Group Inc, the world's biggest futures exchange operator, reported a 27 percent rise in quarterly profit, beating analysts' expectations, as trading surged. Contractors, cars and debt collectors top U.S. consumer complaints: survey (Reuters) - U.S. consumers always complain about pushy car salesmen and debt collectors, but in 2012 they also faced an array of new and sometimes surprising challenges - like getting hit with fees just for questioning their bills, according to a recent survey. Congress finally votes to cut student loan interest rates WASHINGTON (Reuters) - U.S. college students will likely pay a reduced interest rate of 3.86 percent on their student loans for the new school year, after lawmakers on Wednesday finally passed a compromise bill that would reverse a recent rate hike. BlackRock starts index series focused on retirement planning NEW YORK (Reuters) - BlackRock Inc, the world's largest money manager, is making a push into the retirement market with a new series of indexes and funds geared toward individual investors preparing for retirement. SEC tightens client rules for broker-dealers WASHINGTON (Reuters) - The top securities regulator on Wednesday set new rules to protect clients with cash or securities at securities brokers, requiring more disclosure and safeguards from firms including some of Wall Street's largest. Cash bites, but hold some anyway (Reuters) - Cash: it loses value every day, will permanently impair your portfolio if you hold it long enough, but just might be your most important allocation right now. Related Video Daily Digit: 72% choose thin over $ Why bruised Brazil is a buy Business News Wall Street opens up on economic data U.S. jobless claims drop to 5-1/2 year low 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