Reuters Money: U.S. student loan refinancing bill fails Senate hurdle

	Click to View in Browser 06/12/2014 U.S. student loan refinancing bill fails Senate hurdle WASHINGTON (Reuters) - Legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday, dooming a measure that was a Democratic priority ahead of November congressional elections. Why it is so hard to figure out what you can spend today NEW YORK (Reuters) - Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. With concentrated bets, tiny U.S. mutual funds jump up rankings NEW YORK (Reuters) - For U.S. mutual fund investors, this is shaping up to be a year when it pays to go small. U.S.-based stock funds attract $2.1 billion, mostly for international equities: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds poured a net $2.1 billion into stock funds in the week ended June 4, with all of the inflows going to funds focused on international stocks over pricier U.S. equities, data from the Investment Company Institute showed on Wednesday. U.S. expats find their money is no longer welcome at the bank (Reuters) - Imagine being excluded from the financial services industry because of your passport. Jane Mendillo to step down as Harvard's endowment chief BOSTON (Reuters) - Jane Mendillo, the first woman to run Harvard University's investment arm, will leave at the end of 2014 after guiding the Ivy League school's $32.7 billion endowment through the financial crisis and its aftermath, she said on Tuesday. Pimco raised U.S. government-related holdings in May (Reuters) - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co, raised his holdings of U.S. Treasuries and government-related debt in May on a bet the Federal Reserve will keep interest rates low for longer than expected. Morgan Stanley CEO expects commodities sales to close in third quarter NEW YORK (Reuters) - Morgan Stanley will "probably" close sales of two physical commodities businesses in the third quarter, Chief Executive James Gorman said on Tuesday. Rothstein Kass' family office expert Flynn sets up own shop BOSTON (Reuters) - Rick Flynn, a veteran in helping wealthy families preserve their millions, has launched his own family office business where he will counsel clients on a range of matters from selling their businesses to finding bodyguards and choosing the right investment manager. How to find value, as well as growth, in drug stocks The value of mergers in the industry was 20.9 percent higher in the first quarter than the fourth, reaching $44.9 billion, according to a PricewaterhouseCoopers report that predicts continued robust activity. Related Video Stocks flat but momentum is back Merger Monday drives U.S. stocks Business News Wall St. inches lower at open after data U.S. retail sales miss expectations, jobless claims rise 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