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Friday, May 30, 2014

Reuters Money: Cheap vs affordable, Apple edition: James Saft

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05/30/2014
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
Cheap vs affordable, Apple edition: James Saft
(Reuters) - Apple's $3 billion purchase of headphones and music business Beats shows exactly how foggy our thinking about the distinction between 'cheap' and 'affordable' has become.
A money guide for fiftysomethings
NEW YORK (Reuters) - Is it too late to save for retirement when you're 50 or older? When should you start taking Social Security?
Mobile tech spurs conversation, financial decisions
(Reuters) - Scott Kauls, a Merrill Lynch adviser in Minneapolis, has found that mobile technology can help clients make tough decisions.
U.S. fund managers' stock allocations edge up in May
NEW YORK (Reuters) - U.S. fund managers slightly increased their recommended stock holdings and pared back bond allocations in May, a Reuters poll showed on Friday.
BlackRock rejects U.S. concerns on securities lending agreements
WASHINGTON (Reuters) - BlackRock pushed back on Thursday against a U.S. report that raised concerns about asset managers and securities lending, arguing in a paper sent to regulators that its activities do not pose outsized risks.
How an aging population could be tonic for the economy
CHICAGO (Reuters) - Economists worry about something called the economic dependency ratio - the number of people over age 65 to 100 working-age people. The U.S. Census Bureau projects that the ratio will jump sharply in the years ahead as the population gets grayer - from 22 in 2010 to 35 in 2030.
Hedge fund manager charged in Carter's insider trading probe
NEW YORK (Reuters) - A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children's clothing company Carter's Inc, according to court papers.
Client dementia vexes financial brokerages, regulators
(Reuters) - U.S. state securities regulators are preparing to advise Wall Street on a vexing problem: what to do about clients who place trades when their mental acuity is declining.
U.S.-based stock funds attract $2 bln over week: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds committed just $2 billion to stock funds in the week ended May 28, reflecting investors' wariness of U.S. equities at record levels, data from Thomson Reuters' Lipper service showed on Thursday.
What would entice you to sign up for a 529 plan?
NEW YORK (Reuters) - For some people, the magic of compound interest alone is enough to sell them on a 529 college savings plan, but others seem to need more incentive.
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