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Tuesday, January 28, 2014

Reuters Money: Emerging markets pray for Wall St. tumble: James Saft

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01/28/2014
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
Emerging markets pray for Wall St. tumble: James Saft
(Reuters) - What struggling emerging markets need right about now is a big sell-off - in the U.S.
Hedge fund urges Cliffs to spin off assets, double dividend
(Reuters) - New York-based hedge fund Casablanca Capital LP picked up a 5.2 percent stake in Cliffs Natural Resources Inc and urged the iron ore producer to spin off of international assets and double its annual dividend.
Burger King 'sandwich deal' yields U.S. criminal insider charges
NEW YORK (Reuters) - U.S. prosecutors have criminally charged a former Wells Fargo & Co broker and a banker with insider trading in Burger King securities ahead of a 2010 buyout of the fast-food chain.
What would Keynes have done?
CHICAGO (Reuters) - What many people don't realize about economist John Maynard Keynes is that he was a professional investor, not just a thinker who addressed big issues. Although Keynes did not foresee the crash of 1929 and was nearly wiped out on three separate occasions, he made money during some of the most challenging years - and pioneered some durable investing principles along the way worth following in all market conditions.
Four college financial aid maneuvers that can backfire
LOS ANGELES (Reuters) - Spiraling college costs can tempt families to stretch the truth trying to get more financial aid. These methods carry significant risks and may not even work.
Many renters just say no to buying homes
(The writer is a Reuters contributor. The opinions expressed are his own.)
Canada's BMO offers $1.2 billion for F&C Asset Management
LONDON (Reuters) - Canada's Bank of Montreal has made a preliminary offer to buy UK fund manager F&C Asset Management, operator of the world's oldest investment trust, for 697 million pounds ($1.2 billion) in cash in a move to beef up its wealth management arm.
Two Hong Kong firms to pay $11 million to settle SEC insider trading charges
NEW YORK (Reuters) - Two Hong Kong asset management firms have agreed to pay $10.9 million to settle charges by the U.S. Securities and Exchange Commission of insider trading ahead of a bid by China's CNOOC for Canadian oil company Nexen Inc.
The cost of being an Apple fan can add up
NEW YORK (Reuters) - Apple Inc's Macintosh computer, which celebrates its 30th anniversary on Friday, has attracted many fans who have gone on to buy lots of other devices from the company.
FINRA aims to ban deals that make clearing brokers' records easier
(Reuters) - Wall Street's industry-funded watchdog will propose banning settlements in disputes between brokerages and investors that require investors to not oppose erasing details about complaints from brokers' public records, its chief wrote in a letter to two U.S. senators released on Friday.
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