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Monday, November 18, 2013

Reuters Money: The prosecutors with SAC Capital in their crosshairs

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11/18/2013
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
The prosecutors with SAC Capital in their crosshairs
NEW YORK (Reuters) - When U.S. Attorney Preet Bharara announced at a televised press conference on November 4 that Steven A. Cohen's SAC Capital Advisors would plead guilty to insider trading, two prosecutors stood quietly to his right.
New media investing in favor but hazards lurk
NEW YORK (Reuters) - New media websites from BuzzFeed to Business Insider are on a roll lately, showered with dollars from venture capitalists betting that they will crack an advertising market that has stymied traditional media companies.
Active but orderly debut for Twitter options
CHICAGO (Reuters) - Trading in options of Twitter Inc was dominated by put volume with a mixture of selling, hedging and speculative activity in an overall orderly debut on the U.S. options market, a week after the social media company's stock started trading.
RRJ Capital raising up to $1 billion real estate fund
HONG KONG (Reuters) - Asia private equity firm RRJ Capital is launching an up to $1 billion real estate fund that will mostly target investments in China, the firm's founder, former Goldman Sachs dealmaker Richard Ong, told Reuters on Monday.
Former JPMorgan 'Whale' supervisor opposes U.S. extradition
MADRID (Reuters) - A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain.
"Golden visas" draw foreign buyers to Iberian real estate
LISBON/MADRID (Reuters) - When Edward Hu bought a holiday home in Portugal's most popular tourist spot in September, the Chinese agricultural entrepreneur got a Europe-wide family travel permit thrown in for as long as he owns it.
Column: Finding new ways to make work pay
(Reuters) - One of the scariest notions about America's sluggish labor market recovery is that it doesn't represent an aberration, but rather a new reality in which good jobs are few and far between, particularly for those with limited skills. It is certainly possible that the future will be brighter than we think, and that we will soon enter a new economic Golden Age in which people with low education levels will flourish as employers clamor for their services at ever-higher wages. But if this
Is it too late to get your old healthcare plan back?
NEW YORK (Reuters) - President Barack Obama has renewed his promise that if you like your health insurance plan, you can keep it - at least for another year. It's a huge relief for some, but could amount to very little change.
Ackman's Pershing Square takes big stakes in Freddie, Fannie
(Reuters) - Activist investor Bill Ackman's Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance companies.
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.
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