Reuters Money: U.S. stocks correction fear fades despite valuation angst

	Click to View in Browser 02/17/2014 U.S. stocks correction fear fades despite valuation angst (Reuters) - A rapid recovery in U.S. stock prices after the recent slide may be enough to make many investors who remained bullish feel a little smug. That would be a mistake, market strategists say. Dividend hunters toast earnings season surprises LONDON (Reuters) - Halfway through Europe's company earnings season, investors who made record bets in search of dividends have cause for celebration, though they should prepare for disappointment from some traditionally high-paying sectors. Small-firm lawyer takes on Wall Street and wins, twice WASHINGTON (Reuters) - Before attorney David Wasinger decided to take on two of the biggest global banks in federal court in New York, he had visited the city just twice: once when he was 6, and the second time on a tour bus with his children. Foreign banks bracing for tough U.S. Fed capital rules WASHINGTON (Reuters) - Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will go up. A wobble, but market-tracker funds on course for growth LONDON (Reuters) - Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such vehicles as they expand their share of assets under management. Soros exits J.C.Penney, trims Herbalife, others follow NEW YORK (Reuters) - Soros Fund Management, one of the hedge fund industry's most closely watched investors, exited J.C. Penney and trimmed its stake in Herbalife late last year, marking a notable shift in course only months after buying into the companies. Investor Tom Perkins says progressive taxation 'persecutes' the rich SAN FRANCISCO (Reuters) - Tom Perkins, the Silicon Valley venture capitalist who compared the plight of the wealthiest Americans to Jews in Nazi Germany, offered up a provocative new idea on what the rich deserve: more votes in public elections for every dollar they pay in taxes. Hedge funds buy GM in fourth-quarter; Soros takes stakes in JP Morgan, Citi (Reuters) - Top U.S. hedge fund managers in the fourth quarter focused on the consumer sector, with investment plays ranging from high-end auction house Sotheby's to big retailers Target Corp and Walgreen Co Jana Partners takes stake in Juniper, exits Agrium NEW YORK (Reuters) - Jana Partners LLC built a major stake in Juniper Networks in the fourth quarter, according to a regulatory filing on Friday, making it another shareholder activist to invest in the networking-gear company and urge cost cutting. Wall St. watchdog OKs two changes to broker-investor arbitration (Reuters) - The Financial Industry Regulatory Authority's board of governors on Thursday approved two measures that could lead to big changes in its securities arbitration system, where investors and brokerages must resolve their disputes. Related Video S&P 500 moving back towards record Wall St. bets on warmer days Business News Dollar hits six-week lows, Italian bonds rally Detroit bankruptcy bond fight a watershed for muni market The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend