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Wednesday, October 2, 2013

Reuters Money: Bitcoin buzz grows among venture investors, despite risks

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10/2/2013
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
Bitcoin buzz grows among venture investors, despite risks
NEW YORK (Reuters) - Venture capitalists show no sign of shying away from investing in startups related to Bitcoin even as authorities step up their scrutiny of the virtual currency and its possible connection to money laundering and other illegal activities.
Wall Street shrugs off government shutdown: for now
NEW YORK (Reuters) - Wall Street took the partial shutdown of the U.S. government in stride on Tuesday, but market analysts expected investor patience to run out if it lasts more than about a week as a more worrisome battle looms in Congress over the federal debt ceiling.
Pimco's Gross says low interest rates may persist for decades
NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond fund at Pimco, said Wednesday that the global economy may be facing low policy rates for decades.
Exclusive: Blackstone's La Quinta attracts buyout interest - sources
(Reuters) - La Quinta Inns & Suites has attracted interest from a number of potential suitors that could value the Blackstone Group LP -owned budget hotel chain at as much as $4.5 billion, three sources with knowledge of the matter said this week.
U.S. Supreme Court to weigh taxability of severance pay
WASHINGTON (Reuters) - The U.S. Supreme Court agreed on Tuesday to consider whether severance pay to workers laid off involuntarily is subject to federal payroll tax in a case the Obama administration has warned could affect $1 billion in tax refund claims.
U.S. shutdown strategy - Many advisers keep clients in stocks
The looming U.S. government shutdown has plenty of investors asking if it's time to exit the stock market or stay put.
Column - Forget fundamentals, it's all about government: James Saft
(Reuters) - Get used to it: in today's dysfunctional investment landscape, most risk is, at bottom, government risk.
Seniors face more scams as Obamacare launches
CHICAGO (Reuters) - Seniors have been sold plenty of lies about health reform since the Affordable Care Act (ACA) became law in 2010. They've been told that it will slash their benefits and create "death panels" to weed out those too old and sick to be worthy of medical care; that it will crush the popular Medicare Advantage program; and that government will get between them and their doctors.
U.S. municipal bond sales so far in 2013 slip 13.6 percent
(Reuters) - U.S. municipal bond sales totaled $237.8 billion in the first nine months of 2013, down 13.6 percent from the same period in 2012, according to Thomson Reuters data released on Tuesday.
Demographics will drive the 'new normal' economy
(The author is a Reuters columnist. The opinions expressed are his own.)
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