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Thursday, February 13, 2014

Reuters Money: Financial services, retail groups form cybersecurity partnership

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02/13/2014
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
Financial services, retail groups form cybersecurity partnership
WASHINGTON (Reuters) - Banks and retail groups announced on Thursday they are joining together to work on cybersecurity issues, a sign the groups may be moving past recent squabbles over who deserves the blame for data breaches.
A high credit score can be a turn-on
CHICAGO (Reuters) - You cannot put a price on love, but you can certainly attach a financial number to a suitor.
Want to help the kids? Be tactful and strategic
NEW YORK (Reuters) - Bill Cosby, speaking as the obstetrician Heathcliff Huxtable on his 1980s eponymous television show, once told his sitcom child: "Your mother and I are rich. You have nothing."
Standard Chartered set to sell Swiss private bank
LONDON (Reuters) - Standard Chartered is looking to sell its Swiss private bank as part of its plan to get rid of several non-core businesses as it sharpens its focus on Asia, Africa and the Middle East.
NY regulator says U.S. non-bank mortgage servicers growing too quickly
NEW YORK (Reuters) - Authorities should stop the dramatic growth of non-bank mortgage servicers to make sure the companies can handle the business and not put homeowners at risk, New York's financial regulator said on Wednesday.
The 'slow trade' movement
(Reuters) - As with food, where fast is synonymous with junk, so it seems that a "slow trade" movement in investment may lead to tastier results.
U.S. banks OK to trade on European derivatives platforms
WASHINGTON (Reuters) - The U.S. derivatives regulator said on Wednesday that Wall Street banks can trade on European platforms that are not registered with the U.S., a decision expected to mainly affect the London market.
U.S. SEC announces flurry of new hires throughout agency
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission announced on Wednesday it had filled several important posi
OppenheimerFunds increased Puerto Rico risk in two safer funds
BOSTON (Reuters) - Some investors in OppenheimerFunds may be exposed to more uncertainty than they bargained for: The company has ramped up holdings of Puerto Rican debt in two of its lower-risk municipal bond funds, even as much of the U.S. mutual fund industry reduces its exposure to the island's newly junk-rated debt.
Ackman launches broadside over Herbalife member earnings
NEW YORK (Reuters) - Billionaire investor William Ackman has claimed the vast majority of Americans who work as distributors for Herbalife earn nothing at all from the nutrition and weight loss company.
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