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Wednesday, April 9, 2014

Reuters Money: Marrying after 30? Open your heart - and wallet

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04/9/2014
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
Marrying after 30? Open your heart - and wallet
NEW YORK (Reuters) - When Jessica Yingling and Christopher Mahoney get married this May, they will be footing the bill for their wedding.
Brutal U.S. winter has chilling effect on prom spending plans
NEW YORK (Reuters) - It is still too cold in most parts of the country to be thinking about taffeta, which could be affecting how much teens and their parents plan on spending on the prom and when they do their shopping.
Wall Street watchdog kicks off review of rules to gauge impact, costs
The Financial Industry Regulatory Authority, Wall Street's watchdog, on Tuesday launched a review of its rules to determine whether they are effective and their costs and benefits are in line with the securities industry's expectations, according to regulatory notices.
SEC's Stein backs states' push to police smaller stock deals
WASHINGTON (Reuters) - U.S. securities regulators should not be so quick to scale back the power of the states to police certain smaller public stock deals, a top U.S. Securities and Exchange Commission official warned on Tuesday.
New Morgan Stanley brokerage sales chief reorganizes leadership
NEW YORK (Reuters) - Six weeks after being named to lead Morgan Stanley's brokerage force of more than 16,000 financial advisers, managing director Shelley O'Connor has streamlined the sales organization and replaced some key executives.
Big U.S. banks must boost capital by $68 billion under new rules
WASHINGTON (Reuters) - The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday, prompting industry complaints that less-stringent global standards will give overseas competitors an advantage.
Popular value fund manager Iben bets on Russia, gold
NEW YORK (Reuters) - With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd.
BlackRock appoints Barry Knapp to lead Thematic Strategies team
(Reuters) - BlackRock Inc, the world's largest money manager, has hired Barry Knapp from Barclays to head its newly formed Thematic Strategies team, according to an internal memo seen by Reuters on Tuesday.
Investors add longer-dated Treasuries after U.S. jobs data: survey
NEW YORK (Reuters) - More investors raised their holdings of longer-dated Treasuries after U.S. job growth missed forecasts in March, reducing expectations the Federal Reserve might raise interest rates in the first half of 2015, according to a survey released on Tuesday by J.P. Morgan Securities.
It takes villages: Boomers' new retirement communities
CHICAGO (Reuters) - Where do retired recreational vehicle enthusiasts go when they get too old to hit the road? Some are parking - permanently - at the Escapees Care Center, an adult day-care center in Livingston, Texas, where they can live in their RVs and pay monthly fees that cover whatever care they may need and commune with other enthusiasts.
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