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Thursday, May 8, 2014

Reuters Money: Family unity doesn't extend to Apple IDs

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05/8/2014
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
Family unity doesn't extend to Apple IDs
CHICAGO (Reuters) - You succumb and buy your kids "Let it Go" on iTunes to play over and over on your phone - but are you thinking about what happens when they get their own devices? Even though you bought and own it, you can't pass it along, transfer or give it away because of the way digital purchases are structured.
U.S.-based stock funds post biggest outflows in a year: ICI
NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $3.9 billion out of stock funds in the week ended April 30 after ongoing tensions in Ukraine and weak U.S. economic growth, data from the Investment Company Institute showed on Wednesday.
U.S. financial risk council adopts new transparency measures
WASHINGTON (Reuters) - The U.S. financial risk council adopted new transparency measures on Wednesday, after critics raised concerns the group was too secretive about its decision-making process.
Suddenly, dividends matter again
(Reuters) - What we are witnessing isn't simply a tumble in high-flying momentum stocks but a rush back into what passes these days for high yields.
Stern Advice: For richer or poorer, with student loans or without
NEW YORK (Reuters) - Young marriage is lovely, but it has always carried its own challenges of adjustment and maturation. But newlyweds of the millennial generation face another layer of stress: an unprecedented amount of student debt, and in particular, unequal loads of it.
Commodity funds down in first quarter, even as energy markets rally
NEW YORK (Reuters) - Two-thirds of commodity hedge funds lost money in the first quarter, extending last year's dismal run, possibly because they bet against higher crop and energy prices in a rallying market, data from futures broker Newedge and banker HSBC showed on Wednesday.
New Medicare coverage of long-term care off to a rocky start
CHICAGO (Reuters) - A physical therapist visits Robert Klaiber, 78, weekly to provide a special type of treatment that helps alleviate his symptoms from Parkinson's disease. Klaiber's wife, Diane, was under the impression Medicare wouldn't cover the physical therapy, which costs $500 or more a month. But earlier this month a neighbor noticed an announcement in a retirement newsletter.
Wells Fargo releases two new credit cards aimed at high spenders
(Reuters) - Wells Fargo & Co, trying to increase its credit card market position, said it is issuing two new credit cards through a partnership with American Express Co in its latest effort to woo more wealthy customers.
U.S. judge: Government's antitrust suit vs AmEx may proceed
NEW YORK (Reuters) - A lawsuit brought by the U.S. Justice Department and several states against American Express Co over the credit card rules the company imposed on merchants can move forward to trial, a U.S. judge ruled on Wednesday.
Swiss watchdog sets tough capital requirements for top banks
ZURICH/LONDON (Reuters) - Switzerland's financial regulator has laid out rules that could force the country's two biggest banks to hold more than double the total capital required by international standards, in its latest effort to ensure the two are protected from future financial shocks.
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