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Wednesday, February 19, 2014

Reuters Money: Now more than ever, a college diploma keeps the wolf from the door

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02/19/2014

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

Now more than ever, a college diploma keeps the wolf from the door

LOS ANGELES (Reuters) - Some Americans may question whether a college education is still a good value, but a recent study found most young college graduates see their degrees as worthwhile investments.

Pimco's Gross tries again to soothe clients

(Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, on Tuesday sought to reassure the firm's clients about the new leadership structure he has put in place since his heir apparent stunned the investment community last month by announcing his departure.

U.S. tax season returns, and with it refund fraud

WASHINGTON (Reuters) - Kev Imandoust guards his U.S. Social Security number with 25-character passwords and email encryption software. But in 2012, the San Diego accountant became one of more than a million Americans whose identities were stolen to use for tax refund fraud.

Hedge fund assets seen reaching $3 trillion this year: survey

BOSTON (Reuters) - Hedge fund industry assets are expected to reach a record $3 trillion by year's end as investors plan to add fresh money, saying they were generally happy with last year's returns and don't expect bigger gains this year, a new survey shows.

In reversal, ex-Madoff aide takes stand in his own defense

NEW YORK (Reuters) - In an unusual move, Bernard Madoff's former back-office director took the witness stand in his own defense on Tuesday, telling a federal jury that he had no idea his boss was operating a Ponzi scheme until the day Madoff was arrested in December 2008.

Boring might be better for fund investors in 2014

CHICAGO (Reuters) - With U.S. stocks doing a stutter-step after a five-year bull run, a shift into low-volatility funds might give you a little more traction if the market retrenches.

Italian minister says ban on Swiss banks is tax matter

BRUSSELS (Reuters) - Italy's economy minister said on Tuesday that measures to stop Swiss banks from selling financial products to Italian retail clients have been in place for some time and are in response to tax evasion rather the Alpine country's stance on immigration.

How scary is an older America? Americans aren't sweating it

CHICAGO (Reuters) - America is aging, and it's supposed to be a big downer. Pensions are crushing government budgets, Social Security is in trouble and Medicare costs are going through the roof.

Court boosts SEC's power to recoup insider trading profits

NEW YORK (Reuters) - A divided federal appeals court on Tuesday strengthened the U.S. Securities and Exchange Commission's ability to recover insider trading profit from people who do not personally benefit directly from their alleged illegal trades.

Promotion at Battery boosts ranks of female venture investors

SAN FRANCISCO (Reuters) - Battery Ventures has promoted Chelsea Stoner to general partner, the firm announced on Tuesday, making her a rare senior female partner in the ranks of venture capital.