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Wednesday, February 12, 2014

Reuters Money: Your money: How to bring health risks of purebred dogs to heel

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02/12/2014
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
Your money: How to bring health risks of purebred dogs to heel
NEW YORK (Reuters) - Cathy West fell for Chewy the minute she saw him. A friend had bought the pedigreed Yorkshire Terrier days earlier from a local breeder but entrusted the puppy to West when she had difficulty caring for him.
AllianceBernstein notches up revenue rise despite equity outflows
(Reuters) - U.S. money manager AllianceBernstein Holding LP on Wednesday posted profit and revenue above analysts' estimates for the fourth quarter, despite clients withdrawing more money after the lackluster performance of its equity funds.
Leveraged ETFs not just for day traders anymore
NEW YORK (Reuters) - Leveraged exchange-traded funds, originally viewed as tools for fast-moving day traders, are showing up more frequently as buy-and-hold investments in Mom and Pop portfolios, thanks to the advisers who are putting them there.
Elder poverty - however you measure it - is not going away
CHICAGO (Reuters) - "Without Social Security, nearly half of seniors would be living in poverty," President Barack Obama said last month, noting the 50th anniversary of the war on poverty. "Today, fewer than one in seven do. Before Medicare, only half of seniors had some form of health insurance. Today, virtually all do."
Barclays says its Swiss private bank is part of U.S. tax deal
ZURICH (Reuters) - Barclays private bank in Switzerland became the latest bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.
How a little-known stock picker beat Wall Street
NEW YORK (Reuters) - One of the best stock pickers in America for the month of January was a 56-year-old Taiwanese immigrant working out of a small office in suburban New Jersey, 25 miles from Wall Street.
Icahn calls for return of Glass-Steagall: FOX Business
(Reuters) - Billionaire activist Carl Icahn, who has been making headlines with his epic battle with Apple Inc., might have another one on his hands - this time with his banker friends.
BofA says it can boost profitability of wealth management business
(Reuters) - Bank of America Corp believes it has ample room to increase the profitability of its wealth management division, an executive said on Tuesday.
Goldman Sachs adds five executives to management committee: memos
NEW YORK (Reuters) - Goldman Sachs Group Inc said in staff memos on Tuesday that it has added five executives to its management committee, the latest in a series of promotions and departures near the top of the Wall Street bank over the past few years.
Why today's home buyers have jumbo mortgage-sized dreams
NEW YORK (Reuters) - The view of the Pacific Ocean from the San Joaquin Hills in Newport Coast, California is extraordinary. So, when Mohammad Taghavian started looking for a new home four years ago, he knew exactly where he wanted to be.
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