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Thursday, November 14, 2013

Reuters Money: Jobless claims fall, but prior week revised higher

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11/14/2013
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
Jobless claims fall, but prior week revised higher
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, but an upward revision to the prior week's figure suggested the labor market recovery remained gradual.
Wal-Mart's U.S. sales miss mark as shoppers visit less
(Reuters) - Wal-Mart Stores Inc on Thursday reported its third straight quarterly decline in U.S. comparable sales, hurt by a drop in shopper visits, and the world's largest retailer gave a disappointing profit forecast for the holiday season.
Fed's bond buying hasn't boosted stocks, McKinsey study finds
SAN FRANCISCO (Reuters) - There is no evidence that the Federal Reserve's massive bond-buying effort has led U.S. stock prices higher, according to a report released on Wednesday by the economics research arm of McKinsey & Company.
BlackRock turns to regional and community banks in ETF push
NEW YORK (Reuters) - BlackRock Inc, a money manager that has long worked with the largest U.S. financial institutions, is now turning to the country's smaller banks, where it sees a promising market for exchange-traded corporate bond funds.
American Airlines municipal bonds take flight for U.S. mutual funds
BOSTON (Reuters) - Debt issued on behalf of a bankrupt airline has turned into one of the unlikeliest winners on the U.S. municipal bond market.
Zen and the hell of low returns
(James Saft is a Reuters columnist. The opinions expressed are his own)
How to make sure your adviser really puts you first
NEW YORK (Reuters) - The brokerage industry is reaching out to consumers with a new "Investors First" initiative designed to win the hearts and minds of those who are skeptical of Wall Street advisers.
DoubleLine's Gundlach says U.S. equities 'only game in town'
(Reuters) - Jeffrey Gundlach, co-founder of DoubleLine Capital, said the U.S. stock market is the "only game in town" as the Dow and the S&P 500 closed at record highs on Wednesday, though he would be hesitant to add new money because "I don't like buying high."
High school pals plead guilty in NJ insider trading scheme
(Reuters) - The two main traders in a network of friends from high school implicated in a scheme to illegally trade pharmaceutical company stocks pleaded guilty on Wednesday to insider trading charges, U.S. Attorney Paul Fishman in New Jersey said.
Short sellers test the waters on Twitter
NEW YORK (Reuters) - Short sellers are starting to circle around Twitter shares in their first chance at betting against the micro-blogging site's stock, a sign some investors think the share price will fall.
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