Reuters Money: Fed finally making policy for humans, not Vulcans: James Saft

	Click to View in Browser 09/12/2013 Fed finally making policy for humans, not Vulcans: James Saft (James Saft is a Reuters columnist. The opinions expressed are his own) Money market reform could hike muni borrowing costs: Fidelity BOSTON (Reuters) - Fidelity Investments, the largest provider of U.S. money market funds, told Securities and Exchange Commission officials that proposed industry reform could increase the borrowing costs of U.S. municipalities by up to $13 billion, according to an SEC memo. Investing for peak population (James Saft is a Reuters columnist. The opinions expressed are his own.) Blackstone books $1.25 billion IPO for Hilton hotels (Reuters) - Hilton Worldwide Inc filed for an initial public offering of up to $1.25 billion as owner Blackstone Group LP seeks to take advantage of a reviving hotel industry. Legg Mason says reorganization steps to cost $20 million BOSTON (Reuters) - Legg Mason Inc on Wednesday said reorganization steps will cost it a total of $20 million for severance and other expenses in the quarters ending in September and December. How Touchstone fund beat peers by looking past winners NEW YORK (Reuters) - Portfolio manager Stephen Goddard has run one of the best performing U.S. mid-cap funds over the last three years by focusing on deeply discounted companies rather than the next great growth story. Another Swiss private bank under U.S. tax investigators' spotlight ZURICH (Reuters) - Private bank Rahn & Bodmer is under investigation by U.S. authorities, it said on Wednesday, following a recent deal to allow some Swiss banks to pay fines instead of facing prosecution for tax evasion by their U.S. customers. Analysis: Emerging-market investors get picky with Fed set to taper NEW YORK (Reuters) - Investors bracing for the U.S. Federal Reserve to wind down its monetary stimulus have fled emerging markets in recent months, and while the impact of slow capital flows is likely to be felt for some time, some countries will fare much better than others. Reverse mortgages get smaller and costlier CHICAGO (Reuters) - If you've been thinking about getting a reverse mortgage, September offers a model-year closeout sale opportunity. Norway's new government to reshape world's largest wealth fund OSLO (Reuters) - Norway's incoming center-right government plans to revamp and possibly break up the country's $750-billion oil fund, changing how one of the world's biggest investors spends its money. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall Street flat after recent rally amid few catalysts U.S. jobless claims fall; reading clouded by processing snafu 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