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Monday, June 23, 2014

Reuters Money: Obama seeks to expand flex-time for government workers

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06/23/2014
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
Obama seeks to expand flex-time for government workers
WASHINGTON (Reuters) - President Barack Obama, as part of efforts to make the U.S. workplace more accommodating for employees with families, will on Monday direct federal agencies to step up efforts to give workers more leeway in determining their schedules.
To get into college, play a game or two
LOS ANGELES (Reuters) - For the first-time college hopeful in a family, who may have less help navigating the complex application process, would playing some games offer insights, help with school choices and boost their chances of completing a degree?
Carlyle raises $1 billion for second financial-companies fund
(Reuters) - Private equity firm Carlyle Group LP said on Monday it had raised $1 billion for its second fund focused on buying and selling financial institutions such as wealth managers and insurance firms, almost three years after it began fundraising.
How to launch a financially successful adult
NEW YORK (Reuters) - It's the secret fear of every American parent: failure to launch.
Bond funds worldwide post first outflows in 15 weeks: BofA
NEW YORK (Reuters) - Investors worldwide pulled $2.3 billion out of bond funds in the latest week on lingering concerns the Federal Reserve will hike interest rates, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
Wall Street watchdog moves to cloud, big data, to boost capabilities
NEW YORK (Reuters) - A Wall Street regulator has begun to migrate its surveillance and other watchdog duties to cloud computing, which in combination with crunching big data, will dramatically boost the organization's capabilities, two officials at the agency said.
Senate turns up heat on cuts in Social Security offices, services
CHICAGO (Reuters) - Until earlier this year, there was a Social Security field office in Gadsden County, Florida, in the state's panhandle. It's the kind of place where seniors need to get in-person help with their benefits rather than pick up a phone or go online.
Advisers turn to alternative mutual funds on U.S. rate rise fears
NEW YORK (Reuters) - Investment advisers, bracing for the U.S. Federal Reserve to raise interest rates, are seeking alternatives to plain-vanilla bond funds, and some are turning to mutual funds that employ hedge-fund-like tactics, including the ability to bet against securities.
Omega's Einhorn says bull market in U.S. equities not over
NEW YORK (Reuters) - Steven Einhorn, vice chairman of hedge fund Omega Advisors Inc, said Thursday that the bull market in U.S. equities was not over and predicted the Standard & Poor's 500 Index will rise another 3-5 percent by year-end.
Supreme Court rules taxpayer can challenge IRS summons
WASHINGTON (Reuters) - The U.S. Supreme Court on Thursday ruled unanimously that taxpayers have a right to challenge an Internal Revenue Service summons enforcement action in court when they can show the tax agency might have issued the summons in bad faith.
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