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Monday, May 5, 2014

Reuters Money: U.S. public pensions outperform peers in first quarter: data

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05/5/2014
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
U.S. public pensions outperform peers in first quarter: data
(Reuters) - U.S. public pension funds returned a median 1.87 percent in the first quarter of 2014, slightly outperforming the 1.66 percent returns for the larger universe of institutional investment plans, according to a report to be released on Monday.
Berkshire's Buffett says has 'no desire' to war with Coca-Cola: CNBC
NEW YORK (Reuters) - Berkshire Hathaway Inc Chairman and Chief Executive Officer Warren Buffett said on Monday he had no desire to "go to war" with Coca-Cola Co and that U.S. companies were doing well under the current tax code.
New strategy for college visits: stay home
LOS ANGELES (Reuters) - College visits can help families find the right fit for their children, but as with other aspects of college planning, it's easy to go overboard and spend thousands of dollars in the process.
Activist investor Ader claims support for Bwin.Party shake-up
LONDON (Reuters) - American activist investor Jason Ader on Monday claimed that his proposals to shake-up online gambling company Bwin.Party by bolstering its board had won support from other shareholders.
Why financial advisers should choose a niche
(Reuters) - Bill Moran's career as a financial adviser with Merrill Lynch blossomed in the 1990s when he came out as a gay man and started focusing on the needs of the gay and lesbian community.
Say yes to the dress, but no to the fake
(Reuters) - Christine Stachurski said yes to the dress - and then the dress turned out to be a fake.
For some sports legends, first jobs included garbage man, phone rep
NEW YORK (Reuters) - For American sports fans, this time of year is something close to Nirvana.
SEC probing hedge funds' bets on Herbalife
BOSTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is probing whether a number of hedge funds may have acted improperly when they made bets on nutrition and weight loss company Herbalife Ltd last year, a source said.
Stock funds worldwide attract $4.2 billion over week: BofA
NEW YORK (Reuters) - Fund investors worldwide poured $4.2 billion into stock funds in the week ended April 30, marking the fifth straight week of inflows into the funds, data from a Bank of America Merrill Lynch report showed on Friday.
Foreign banks get transition period on U.S. tax evasion law
(Reuters) - The U.S. Treasury Department said on Friday that the Internal Revenue Service (IRS) this year and next will take into account "good faith efforts" by foreign banks to comply with a new U.S. anti-tax evasion law set to take effect on July 1.
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