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Tuesday, May 27, 2014

Reuters Money: Economics and politics align for ECB: James Saft

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05/27/2014
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
Economics and politics align for ECB: James Saft
(Reuters) - If there is anything more sobering for a central banker than failing to meet the bank's mandates, as the European Central Bank arguably has, it is having one's very legitimacy challenged.
Deadlines over, but colleges have hundreds of spots left
LOS ANGELES (Reuters) - Traditional college admission deadlines have long passed, but students may still have some options if they didn't get accepted to their dream schools, are having second thoughts about the schools they chose or just didn't get their act together to apply all those months ago.
Exclusive hedge funds crack open door to Main Street
LAS VEGAS (Reuters) - As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors.
Successful financial advisers use software, plan well
CHICAGO (Reuters) - Many folks hired to be financial planners may not be planning their time well, a number of studies show. But those who do are more successful and tend to grow their firms with fewer drawbacks, such as stress and exhaustion.
Stock funds worldwide post $7 billion outflows over week: BofA
NEW YORK (Reuters) - Fund investors worldwide pulled $7 billion out of stock funds in the week ended May 21 on weak U.S. economic data and disappointing corporate results, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
Behind major U.S. case against shareholder suits, a tale of two professors
(Reuters) - For two months last summer, Stanford Law School professor Joseph Grundfest locked himself away in his home office in California's Portola Valley. Grundfest's house overlooks the Santa Cruz Mountains, but his attention was fixed on the piles of paper – mostly U.S. Supreme Court opinions and Congressional reports from the 1930s – stacked on his desk and the surrounding floor. Grundfest researched and wrote for weeks with monastic obsessiveness, speaking to hardly anyone but his researc
Speculative net shorts in U.S. 10-year T-note futures rise: CFTC
(Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures rose in the latest week, while speculative net shorts in Eurodollar futures held near their record level, according to Commodity Futures Trading Commission data released on Friday.
Apollo's Rowan cashes out on $72.8 million of his shares
NEW YORK (Reuters) - Apollo Global Management LLC co-founder Marc Rowan raised $72.8 million by selling shares in the private equity firm in the last two weeks, as limits restricting insiders from selling stock based on its IPO agreement are gradually lifted.
BlackRock's Thiel says periphery bond holdings lowest in 2 years
LONDON (Reuters) - BlackRock, the world's biggest asset manager, said on Friday one of its main bond funds had cut its holdings of peripheral euro zone government debt to their lowest since the height of the crisis.
U.S.-based stock funds post $7.6 billion outflows: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds pulled $7.6 billion out of stock funds in the week ended May 21 on weak U.S. economic data and disappointing corporate results, data from Thomson Reuters' Lipper service showed on Thursday.
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