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Tuesday, September 24, 2013

Reuters Money: Is it ever OK to lie about money?

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09/24/2013
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
Is it ever OK to lie about money?
NEW YORK (Reuters) - Lying to a spouse, or a parent, or a kid about one's financial affairs? Terrible idea.
Foxtons, the London bubble stock: James Saft
(Reuters) - It is hard to imagine, much less find, a better exemplar of how capital gets misallocated in a bubble than British property agent Foxtons, whose stock was publicly listed last week.
US charges ex-Qualcomm executive, adviser in insider-trading scheme
WASHINGTON (Reuters) - Federal prosecutors announced Monday they had indicted a former executive vice president of the wireless technology company Qualcomm Inc for insider-trading and conspiring with his brother and his broker to launder the money and obstruct a government probe.
U.S. government to sue JPMorgan in mortgage case: sources
(Reuters) - The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank's legal troubles are not yet over.
Three ways to profit from the taper tempest
(The author is a Reuters columnist. The opinions expressed are his / her own.)
CLO panelists see continued challenges amidst strong market
NEW YORK (Reuters) - While new collateralized loan obligation (CLO) issuance has already exceeded $57 billion this year, several panelists speaking about the CLO market at the 19th Annual Thomson Reuters LPC Loan Conference last Thursday warned of potential investing and regulatory challenges ahead.
Billionaire Soros weds consultant in third marriage
NEW YORK (Reuters) - George Soros, the 83-year-old billionaire investor, philanthropist and supporter of liberal political causes, married for a third time on Saturday, tying the knot with education consultant Tamiko Bolton.
Analysis: Benefit firms create tremors for insurers in U.S. healthcare shakeup
NEW YORK (Reuters) - American companies are sending shockwaves through the healthcare industry by moving a rapidly growing number of employees onto privately run online exchanges for their medical coverage.
U.S. says money manager Vilar's lawyer in romance with co-defendant
NEW YORK (Reuters) - A lawyer representing money manager and arts patron Alberto Vilar in his criminal fraud case appears to be in an "intimate, romantic relationship" with Vilar's co-defendant, Gary Tanaka, federal prosecutors said on Friday.
Commodity hedge fund Clive Capital to close down
LONDON (Reuters) - Commodity hedge fund Clive Capital is to close down, blaming a lack of investment opportunities for its poor performance and investor outflows, making it the latest commodity fund to call it a day.
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