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Thursday, January 9, 2014

Reuters Money: Jobless claims fall as labor market firms

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01/9/2014
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
Jobless claims fall as labor market firms
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam.
Activists trump most rival hedge funds with double-digit returns
BOSTON (Reuters) - Activist investors, known for pushing corporations to perform better, recorded some of the best returns in 2013 when many rival hedge funds delivered only lackluster gains and failed to keep pace with the U.S. stock market's rally.
Are drug companies using your health records to sell you stuff?
NEW YORK (Reuters) - If you went to visit your doctor and a drug company representative was sitting in the room with you, ready to hand out pamphlets and samples, you'd likely cry foul.
Japan stocks may have strong 2014 follow-up
(Reuters) - You probably missed last year's epoch-making rally in Japanese stocks, and if you are still underweight, you might just do it to yourself again.
U.S.-based stock funds end year with $6 billion inflow: ICI
NEW YORK (Reuters) - Investors in U.S.-based mutual funds poured $6 billion into stock funds in the closing days of 2013 as the U.S. stock market produced a final stretch of record gains for the year, data from the Investment Company Institute showed on Wednesday.
Martoma cannot use testimony from SAC's Cohen at trial: judge
NEW YORK (Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma cannot introduce excerpts from a deposition of his former boss, billionaire Steven A. Cohen, in his defense against criminal insider trading charges, a Manhattan federal judge ruled.
Five ways to hack your 401(k) in 2014
NEW YORK (Reuters) - Don't look now, but your 401(k) retirement account is probably humming along nicely. Not only did the investments in it do extraordinarily well in 2013, but the folks who run those accounts made considerable improvements.
Ex-Lehman wealth adviser can keep $1.8 million in bonus money: panel
(Reuters) - A former private wealth adviser for a unit of Lehman Brothers Holdings Inc can keep a lucrative signing bonus he received from the firm three years before it collapsed, a securities arbitration panel has ruled.
US hedge fund industry pushing derivatives regulator to lift ad ban
WASHINGTON (Reuters) - The U.S. hedge fund industry is making a fresh lobbying push to convince the federal derivatives regulator to remove a hurdle that could prevent private funds from advertising to new investors through television, the Internet or other channels.
Column: Filing early for Social Security? Therapy may be in order
CHICAGO (Reuters) - Deciding when to claim Social Security benefits is one of the most important retirement moves you will make. Social Security is by far the largest retirement asset for all but the wealthiest Americans, and the only source of guaranteed lifetime income - with incredibly valuable annual inflation adjustments.
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