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Friday, October 11, 2013

Reuters Money: JPMorgan posts first quarterly loss under Dimon

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10/11/2013
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
JPMorgan posts first quarterly loss under Dimon
(Reuters) - JPMorgan Chase & Co on Friday posted its first quarterly loss under Chairman and CEO Jamie Dimon after a tangle of legal and regulatory probes cost the biggest U.S. bank $7.2 billion.
How to cope with dreaded retirement distributions
(The author is a Reuters columnist. The opinions expressed are his own.)
The doomsday portfolio: How to invest for default
NEW YORK (Reuters) - What should investors do if they think their portfolio is facing doomsday?
U.S. jobless claims at six-month high but trend improving
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless aid touched a six-month high last week as a computer-related backlog of claims was processed and a partial U.S. government shutdown began to hit some non-federal workers.
The debt deal and the risk-eating zombies: James Saft
(Reuters) - As if they weren't already risk-eating zombies, investors are being further conditioned to close their eyes and buy.
Vanguard may curb 401k trading by Southwest pilots
NEW YORK (Reuters) - Vanguard Group is throwing its considerable heft into a battle between fund companies and investment newsletters.
More money funds could have collapsed in 2008 crisis: NY Fed blog
NEW YORK (Reuters) - Twenty-eight U.S. money market funds, instead of just one, could have collapsed during the height of the global credit crisis in 2008, underscoring the severe distress in credit markets following the collapse of Lehman Brothers, according to a blog post from the Federal Reserve of New York.
Spain's wealth gap widens in economic crisis
MADRID (Reuters) - The gap between Spain's rich and poor widened in 2012 as extreme poverty spread and the number of millionaires jumped, according to two reports.
Commodity managers warm up to metals as world economy improves
LONDON (Reuters) - Base metals are back in favor with commodity managers after a long period in the dog house, reflecting a new enthusiasm for growth-oriented assets as the global economy picks up.
Canada money managers eye real assets for diversity
TORONTO (Reuters) - When Canada's big pension funds started to diversify out of stocks and bonds, they turned to real assets in a bid for better returns. But buying real estate, infrastructure and commodities isn't just for big players anymore, and Canadian asset managers are offering them to ordinary clients.
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