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Wednesday, October 16, 2013

Reuters Money: Exercise gadget dropouts pay a high price

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10/16/2013
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
Exercise gadget dropouts pay a high price
NEW YORK (Reuters) - A few years ago, Chad Sommer, 41, a long-time athlete from Chicago, thought he'd make an "official" investment in his health. To start, he bought a basic Polar heart rate monitor ($70).
A guide to the next debate on entitlement cuts
CHICAGO (Reuters) - Talk about counter-programming: A coalition of Social Security advocates plans a one-day summit meeting later this month to talk about ways to expand Social Security benefits to address America's retirement security crisis. Unfortunately, it looks like Washington will be changing the channel.
Einhorn's Greenlight up 4.3 percent in third-quarter: letter
NEW YORK (Reuters) - David Einhorn's hedge fund Greenlight Capital rose 4.3 percent in the third quarter, bringing the fund's net return for the year to 11.8 percent, according to an investor letter released on Tuesday.
State, provincial regulators raise red flags on virtual currency
(Reuters) - Consumers may be headed for trouble when they turn over bank and brokerage pass codes to investment advisers or get pulled into investment scams involving digital currencies, state securities regulators said.
Petco, Applebee's employees join growing list on private exchanges
NEW YORK (Reuters) - Petco Animal Supplies Inc and restaurant operator DineEquity Inc, the parent of Applebee's and IHOP, are among 33 companies moving medical coverage for their employees to a private exchange starting in 2014, a new sign of corporate America's shift away from directly providing benefits.
How the Nobel economists changed investing forever
(Reuters) - The 2013 Nobel Prize for economics celebrates that financial markets work, but cautions how little we know. One theme unifies the work of all three winners: Eugene Fama, Robert Shiller and Lars Hansen - risk. (A disclosure: until August I worked at Dimensional Fund Advisors, where Fama is a director and consultant.) Risk is unpredictable, but can be very profitable. That sounds simple enough, but it has profound implications - not only for the lords of high finance, but households, t
Why health savings accounts attract spenders, not savers
NEW YORK (Reuters) - With such a simple, descriptive name, health savings accounts would seemingly leave little room for confusion - you use them to save money for healthcare costs.
How to navigate the troubled municipal bond market
CHICAGO (Reuters) - If you can avert your eyes from the federal government's budget and debt-ceiling crisis, you may spot more trouble ahead in the state and local municipal bond markets.
Washington drives U.S. consumer sentiment to nine-month low
NEW YORK (Reuters) - U.S. consumer sentiment deteriorated in October to its weakest in nine months as the first federal government shutdown in 17 years undermined Americans' outlook on the economy, a survey released on Friday showed.
Hedge fund firm opens EU fund to keep insurance client
LONDON (Reuters) - Hedge fund firm Finisterre Capital has launched an EU-regulated fund after one of its insurance clients threatened to pull out its money from an existing fund because new industry rules will make it more expensive to invest in unregulated products.
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