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Monday, November 25, 2013

Reuters Money: Black Friday warriors share their best attack plans

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11/25/2013
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
Black Friday warriors share their best attack plans
(Reuters) - When Aimee Brittain's team hits the stores in a commando-like fashion on Thanksgiving night in search of Black Friday deals, they'll stand out from the crowd in their matching "very bright blue" shirts. They'll scatter when they hit the store, and the shirts will help them see each other quickly.
Bankrupt U.S. city to dispute debt with California pension fund
LOS ANGELES (Reuters) - Bankrupt San Bernardino, California, enters mediation with its creditors on Monday and will immediately dispute the amount the California Public Employees' Retirement System (Calpers) says the city owes in pension arrears, according to people with knowledge of the city's preparations for the talks.
U.S. stock processor to roll out warning tool for trade errors
NEW YORK (Reuters) - The Depository Trust & Clearing Corp (DTCC), which processes all U.S. stock transactions, said on Monday it will roll out a market-wide tool to help limit the fallout from trading errors.
Britain to crack down on fund manager fees to brokers
LONDON (Reuters) - Britain's financial watchdog has proposed banning the country's 5.2 trillion pound ($8.4 trillion) asset management industry from allowing fees paid to brokers for trading to be used to arrange meetings with top company executives.
Analysis: Fund managers find Fairway's mix to their taste
NEW YORK (Reuters) - Stashed into the hottest initial public offering market in years, Fairway Group Holdings received little media hype when the grocery store operator went public in April. And with year to date gains of half the broad market, it is not exactly a frothy stock.
Ackman says lost up to $500 mln on Herbalife short bet: BBG TV
NEW YORK (Reuters) - Bill Ackman, head of hedge fund firm Pershing Square, said Friday that his firm has lost $400 million to $500 million on his short bet against weight-loss company Herbalife.
Britain sells $1.4 billion of student loans
LONDON (Reuters) - The British government has sold student loans with a face value of around 890 million pounds ($1.4 billion) to a private debt purchaser for 160 million pounds, saying it was struggling to get borrowers to repay their debts.
British crowdfunding site to allow cross-border investment
LONDON (Reuters) - A British website which allows members of the public to buy stakes in small unlisted businesses is expanding across Europe, saying it was responding to demand to open the site beyond Britain.
Hand over tax audit information, clock is running: IRS
WASHINGTON (Reuters) - The U.S. Internal Revenue Service audit, already a feared ordeal, will get even sharper teeth in January when the IRS will start setting strict deadlines for delivery of information it wants from companies and wealthy people it is auditing.
Analysis: Why hedge funds still manage to seduce
NEW YORK (Reuters) - Hedge fund investor Hugh Culverhouse Jr. says the $2.25 trillion industry was an easier place for wealthy individuals to make money a decade ago.
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