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Friday, November 1, 2013

Reuters Money: U.S. workers can carry over $500 of health spending accounts: Treasury

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11/1/2013

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

U.S. workers can carry over $500 of health spending accounts: Treasury

WASHINGTON (Reuters) - Americans who use flexible spending accounts (FSAs) for healthcare costs may now be able to carry up to $500 of expiring money into the next year, the U.S. Treasury said on Thursday.

U.S. jobless claims declined by 10,000 last week

WASHINGTON, Oct 31 - The number of Americans filing new claims for unemployment benefits declined largely as expected last week as the impact of a California computer glitch worked its way out of the report.

Hedge fund managers discuss their top stock picks

LONDON (Reuters) - Hedge fund managers presented their stock-picking ideas at a conference this week organized by the Sohn Conference Foundation. The Foundation raises money to support initiatives to cure and treat pediatric cancer.

Batista's OGX files for bankruptcy protection in Brazil

RIO DE JANEIRO (Reuters) - OGX Petróleo e Gas Participações SA, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America's largest-ever corporate bankruptcy filing.

Column: Can expanding Social Security solve the retirement crisis?

CHICAGO (Reuters) - I asked a financial services executive recently how our retirement saving system can be considered a success, considering that all but the highest-income households are approaching retirement with next to nothing saved.

Column: Europe faces deflation threat - James Saft

(Reuters) - Europe faces a threat of deflation, which it seems unlikely to be willing to fight.

As stock market rallies, U.S. firms pull back allocation

NEW YORK (Reuters) - With stock indexes at record highs, U.S. fund managers pared their total equity allocations to the lowest level since 2007 in October and raised cash holdings to the highest in almost a year, a Reuters poll found on Thursday.

U.S. state regulators withdrew more investment advisory licenses in 2012

(Reuters) - U.S. state securities regulators withdrew the licenses of 3,564 investment advisory firms and stockbrokers in 2012, a 27 percent increase over 2011, a survey showed on Thursday.

Pimco's Gross urges 'privileged 1 percent' to pay more tax

NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond fund, urged fellow members of the "privileged 1 percent," earning the highest incomes, to support higher U.S. taxes on carried interest and capital gains to help the economy.