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Wednesday, October 9, 2013

Reuters Money: Money funds avoid some U.S. debt on fear of repayment delays

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10/9/2013
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
Money funds avoid some U.S. debt on fear of repayment delays
BOSTON (Reuters) - The $2.66 trillion money market industry is preparing for the worst as lawmakers in Washington battle over the U.S. debt ceiling.
An option for those facing insurance gap
NEW YORK (Reuters) - A key question lingers for the millions of uninsured Americans who are expected to sign up for health insurance on the new state exchanges in the next few weeks: What do they do until January 1 when the coverage starts?
Hedge fund Elliott blocked in bid for Anglo Irish info
WILMINGTON, Del (Reuters) - A tenacious U.S. hedge fund and an Irish property developer were blocked on Tuesday by a U.S. federal judge from digging into the secretive communications that led to Ireland's decision to liquidate former Anglo Irish Bank.
Neiman Marcus Christmas Book delivers lavish gift ideas
(Reuters) - The super rich have one less thing to worry about, now that Neiman Marcus released its holiday catalog on Tuesday with gift suggestions topping $1 million.
High risk green energy drives Wall Street's top-performing fund
NEW YORK (Reuters) - Kevin Landis is the manager of this year's best performing investment fund on Wall St. but investors may want to think twice before copying his stock picks.
Will you get your Social Security check if the U.S. defaults?
CHICAGO (Reuters) - President Barack Obama warned last week that Social Security benefits might not go out "on time" if Congress does not raise the debt ceiling.
U.S. swaps markets go unpoliced in shutdown, regulator warns
WASHINGTON (Reuters) - Hundreds of trillions of dollars worth of derivatives are changing hands unsupervised during the U.S. government shutdown, raising the risk that doubtful activity goes by unnoticed, a top regulator warned.
Haggling 101: Six ways to get a deal on anything
NEW YORK (Reuters) - Jeff Yeager likes to haggle. The Washington, D.C., author is something of a virtuoso at this lost art, with a deep playlist of tactics that he estimates saves him 10 percent to 15 percent a year on his spending.
Fund manager Falcone banned from insurance unit: NY officials
BOSTON/NEW YORK (Reuters) - Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit of his firm, New York officials said on Monday.
Detroit union victory worth 'refund on deck of Titanic'
(Reuters) - Detroit's largest public sector union scored a symbolic victory Friday when a Michigan administrative law judge said one of the city's pension funds could reinstate an extra annual pension check for city workers and retirees, and make retroactive bonus payments, although the judge in the city's bankruptcy case has prohibited enforcement of the ruling.
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