Reuters Money: Understanding MasterCard's pledge of zero liability

	Click to View in Browser 06/5/2014 Understanding MasterCard's pledge of zero liability (Reuters) - In the wake of a spate of data breaches highlighting the vulnerability of companies that hold consumer information, MasterCard Inc announced last week it would apply the same rules to PIN-based debit card transactions as those used for credit cards: zero liability when fraud is reported. Pimco's Gross: 'New Neutral' real policy rate will be close to 0 percent (Reuters) - Bill Gross, manager of the world's largest bond fund at Pimco, said Thursday the firm believes the 'new neutral' real, or inflation-adjusted, policy rate will be close to 0 percent as opposed to 2-3 percent in prior decades. The leveraged-up less well off and profits (Reuters) - Americans are borrowing more, renting more rather than owning, eating in restaurants more and saving less, leading inevitably to questions of sustainability. Pershing Square hedge fund gains 2.9 percent in May: sources BOSTON (Reuters) - William Ackman's Pershing Square Capital Management flagship hedge fund rose 2.9 percent in May, bringing it to a 22.1 percent gain so far this year and putting it ahead of most rivals, according to two investors in the fund. Who owns your email account? Pittsburgh (Reuters) - One morning in April, my Yahoo email account was disabled for no apparent reason. U.S.-based stock funds post $2.4 billion outflows in latest week: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $2.4 billion out of stock funds in the week ended May 28, as the rise in U.S. stocks to record highs made investors cautious, data from the Investment Company Institute showed on Wednesday. Can the low volatility bargain hold? (Reuters) - It is this year's bargain: central banks will remain easy, allowing asset prices to march higher despite all those pesky details about growth and inflation. Two Beltway specialists expected to raise private equity funds Beltway deal-making specialist Veritas Capital Management LLC and a firm started by some of its former executives, DC Capital Partners LLC, appear poised to refill their coffers at a time of merger pressure among companies doing business with the U.S. government, according to sources. Exclusive: Billionaire philanthropist Arnold turns to pension reform NEW YORK (Reuters) - Billionaire philanthropist and former heavyweight natural gas trader John Arnold became aware of the ailing U.S. public pension system years ago, before unprecedented municipal bankruptcies highlighted the gravity of the situation. Icahn acquired Fannie, Freddie shares from Fairholme: filing NEW YORK (Reuters) - Activist investor Carl Icahn acquired 6.8 million common shares of Fannie Mae and 5.7 million common shares of Freddie Mac from Fairholme Funds, a court filing showed Tuesday. Related Video S&P 500 hits 6th record in 8 tries Stocks sluggish despite signs of recovery Business News ECB hurls cash at sluggish euro zone economy, seeks to force bank lending U.S. jobless claims data still points to labor market strength The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend