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Tuesday, June 10, 2014

Reuters Money: For these commencement speakers, first jobs taught people skills

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06/10/2014
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
For these commencement speakers, first jobs taught people skills
NEW YORK (Reuters) - It's graduation season, and for the newly minted members of the country's workforce, it is a supremely scary moment: Time to get that very first job out of college.
BlackRock expands low-cost 'Core' series with 10 ETFs
NEW YORK (Reuters) - BlackRock Inc, the largest U.S. provider of exchange-traded funds, is expanding its lineup of low-cost ETFs with 10 equity and fixed-income funds that focus on areas such as dividend growth and value, and add exposures such as European and Pacific region stocks.
Finding wiser choices in smart beta funds
CHICAGO (Reuters) - Ever since the dot-com crash more than a decade ago, Wall Street and the mutual fund industry have been on a relentless push to plug "smart" beta funds, also known as "alternative" or "strategic beta" products. The funds promise reasonable returns with lower risk by focusing on older, steadier companies with consistent dividends.
Private equity investors turn away from core funds in hunt for returns
LONDON (Reuters) - Investors in private equity are turning their backs on established funds and increasingly putting their money in new vehicles and individual deals as returns struggle to regain pre-crisis highs, a survey showed on Tuesday.
Fund managers fret about valuations in wake of ECB rate cut
NEW YORK (Reuters) - When the European Central Bank put its economy-boosting stimulus plan into high gear last week, it sent European stock prices to six-year highs.
As payments come due, some answers on student loan options
LOS ANGELES (Reuters) - Recent college graduates will soon face the first payment on their student loans, even as millions of families nationwide wonder how they'll settle the rising cost of college.
How much would you spend to save your pet?
NEW YORK (Reuters) - When Marion Asnes' beloved cat, Herman, was injured by a coyote, she had to make one of life's gut-wrenching decisions.
Blackstone seeded hedge fund Sureview Capital shuts down: sources
BOSTON (Reuters) - Sureview Capital, a small hedge fund which received starting capital from one of the industry's most powerful investors, Blackstone Group, shut down last month, people familiar with the matter said on Friday.
SEC charges Liquidnet, Wedbush with regulatory violations
WASHINGTON (Reuters) - U.S. securities regulators filed civil lawsuits on Friday against a "dark pool" trading venue and a major brokerage firm as part of a crackdown on market structure rule violations.
JPM investment bank boss says 'laser focus' on costs cuts
LONDON (Reuters) - JPMorgan's new solo head of its investment bank said he would be "laser focused" on reducing costs as the industry is likely to face a tough couple of years in terms of growing revenues.
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