Newsletter BOX: Reuters Money: Analysis: Rising returns give U.S. public pension funds chance to reform

08/22/2013

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

Analysis: Rising returns give U.S. public pension funds chance to reform

(Reuters) - Many U.S. public pension funds are benefiting from double-digit annual returns in fiscal 2013 that are giving them breathing space to try to implement reforms and fix gaping deficits.

New York town warned over pension payment deferrals

NEW YORK (Reuters) - Debt ratings agency Moody's has warned that Huntington, Long Island, could lose its top credit rating if the town funnels more money away from public pensions to meet short-term spending needs, a controversial practice that has skyrocketed among New York's cash-strapped municipalities.

Saft on Wealth: Warren Buffett's bubble cash-out strategy

(Reuters) - Here is Warren Buffett's pension fund management advice in a nutshell: Be patient, buy only a few things, ignore the stock market until it becomes irrationally optimistic, at which point sell.

Federal Reserve appeals ruling on swipe fee for debit cards

WASHINGTON (Reuters) - The Federal Reserve on Wednesday appealed a judge's decision to reject the agency's cap on debit card transaction fees, a controversial requirement of the 2010 Dodd-Frank law.

Regulators accuse adviser of misleading fund board

WASHINGTON (Reuters) - Securities regulators filed civil charges on Wednesday against a North Carolina investment adviser and its former owner, alleging they sought to win business by misleading a fund board about the firm's electronic currency trading program.

Peabody on hook for some Patriot Coal retiree benefits - U.S. court

(Reuters) - A federal appeals court on Wednesday said Peabody Energy Co must remain on the hook for retiree benefit costs for 3,100 retired workers at a unit of Patriot Coal Corp, its former subsidiary now in bankruptcy.

Ackman acknowledges retail blunders, digs in on Herbalife

BOSTON (Reuters) - Activist investor William Ackman admitted he made mistakes in bets on retailers, including J.C. Penney where he has lost hundreds of millions of dollars, but is sticking by a wager against Herbalife, where he faces big paper losses.

Bank intern's death raises questions over workaholic race to wealth

LONDON (Reuters) - The death of an intern working at the London offices of Bank of America Merrill Lynch has prompted calls for city firms to take more responsibility for the ambitious graduates who push themselves to the limit to secure jobs at the world's top banks.

College savings at record levels, but still fall short

(REUTERS) - Americans are saving for college at record rates, according to new research released Wednesday by financial services firm Fidelity Investments.

U.S. money market assets increased in latest week: iMoneyNet

NEW YORK (Reuters) - U.S. money market fund assets increased by $4.10 billion to $2.614 trillion in the week ended Aug 20, the Money Fund Report said on Wednesday.