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Friday, December 6, 2013

Reuters Money: Coder, caretaker, programmer: first jobs of U.S. entrepreneurs

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12/6/2013
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
Coder, caretaker, programmer: first jobs of U.S. entrepreneurs
At Reuters we have been asking prominent Americans that very question, to coincide with the nation's monthly jobs reports. The results have been both surprising and revealing.
Unemployment rate hits five-year low, eyes on the Fed
WASHINGTON (Reuters) - U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month.
Special Report: How Fed policy enriches private equity, if not workers
MACON, Georgia (Reuters) - Sanders Walker had been working for 13 years at a BWAY Corp factory in Macon, Georgia, when the word came down one September 2011 morning: The company, a maker of plastic and metal containers, was closing the plant. Walker, a quality manager, and about 70 other employees were out of work.
Finding the best pet boarding plan for the holidays
NEW YORK (REUTERS) - Last year, I needed to find a boarding situation for Katie the poodle while the family went on vacation. The options seemed endless. I heard about spa kennels where Katie would receive a daily massage, and saw Craigslist ads for dog sitters who said they would allow canine visitors to share their bed at night.
Deutsche Bank quits commodities, but keeps index funds
NEW YORK (Reuters) - Deutsche Bank, which is quitting trading in most raw materials markets, will retain its near $9 billion commodities index fund business, a strategy industry experts said helps the German bank profit from fees and maintain ties with some of the largest investors.
U.S.-based money market funds attract $31 billion: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds poured about $31 billion into money market funds in the week ended December 4 amid uncertainty over the U.S. stock market's direction, data from Thomson Reuters' Lipper service showed on Thursday.
Royal Bank of Canada CEO to step down after 13 years
TORONTO (Reuters) - Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, handing the reins to the RBC's retail banking head, Dave McKay, the bank said on Thursday.
IRS not fully ready for law against offshore tax evasion: watchdog
WASHINGTON (Reuters) - The Internal Revenue Service has spent 19 months and more than $8.6 million getting ready to enforce a new law against offshore tax evasion that takes effect next year, but the agency is still not prepared, a watchdog group said on Thursday.
Much at stake for EM on jobs Friday: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
SEC official warns of investor over-reliance on proxy advisory firms
WASHINGTON/BOSTON (Reuters) - Investors may be relying too heavily on the voting recommendations of the largest proxy advisory firms like Institutional Shareholder Services and Glass, Lewis & Co, a top U.S. securities regulator said Thursday.
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