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Wednesday, February 26, 2014

Reuters Money: Delta to award frequent flier miles based on ticket price

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02/26/2014
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
Delta to award frequent flier miles based on ticket price
(Reuters) - Delta Air Lines Inc said on Wednesday it would make a major change to its frequent-flier program, basing the number of miles earned toward free flights on how much customers spend rather than the distance traveled.
Credit Suisse to boost assets of Japan private banking business
TOKYO (Reuters) - Credit Suisse wants to increase assets under management of its private banking business in Japan through its newly launched multi-asset product to high net worth investors as other global banking rivals exit the business.
Swiss Life CEO says policies for U.S. wealthy are tax compliant
ZURICH (Reuters) - Swiss Life considers its insurance policies for wealthy U.S. individuals to be tax compliant and has not been contacted by any U.S. authorities about the matter, the insurer's chief executive said on Wednesday.
Medicare cost shifting: The next big worry for seniors
CHICAGO (Reuters) - Seniors can breathe a little easier now that Social Security benefit cuts are no longer part of this year's federal budget debate. But the other shoe hasn't dropped in Washington. That would be Medicare cost shifting.
Senate panel blasts government lawyers on Swiss tax crackdown
WASHINGTON (Reuters) - The Justice Department is dragging its feet on prosecuting Swiss banks that helped Americans evade taxes and on collecting billions of dollars likely owed to the U.S. Treasury by tax dodgers, a powerful U.S. Senate panel said on Tuesday.
SEC tweaks its asset-backed securities plan amid privacy concerns
WASHINGTON (Reuters) - U.S. regulators released a scaled-back proposal on Tuesday that seeks to soothe industry concerns over a plan to force issuers of asset-backed securities to disclose sensitive loan-level data to investors.
Bloated cost of a gluten-free diet is hard to digest
BOSTON (Reuters) - When Alice Bast was diagnosed with celiac disease in 1994, she had to scour local health-food stores and send away to Canada for the gluten-free food her condition necessitated.
SAC to shrink legal entities, hire surveillance officer: letter
BOSTON (Reuters) - SAC Capital Advisors, the once powerful hedge fund that plead guilty to insider trading charges last year, is streamlining its business units and will hire a chief surveillance officer as it transforms itself into a family office.
Dwindling inflation puts pressure on ECB: James Saft
(Reuters) - Never a hot-bed of monetary policy activism, the European Central Bank may soon find itself forced into an uncomfortable period of experimentation.
Discover Financial faces U.S. probe over student lending
(Reuters) - Credit card company Discover Financial Services said it was being probed by the U.S. consumer financial watchdog over its unit's student loan servicing practices.
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