Newsletter BOX: Reuters Money: First jobs of finance gurus

08/9/2013

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

First jobs of finance gurus

NEW YORK (Reuters) - They may be Masters of the Universe now - but they weren't then.

How to divest fossil fuel investments, and maybe impress the kids

NEW YORK (Reuters) - Bonnie Frye Hemphill was one of thousands of U.S. college students who last year petitioned their schools to divest endowments of fossil-fuel investments.

Borrowers can sue Wells Fargo over mortgage modifications

(Reuters) - Wells Fargo & Co must face lawsuits by homeowners who claim the largest U.S. mortgage lender refused to offer them permanent mortgage modifications for which they had qualified, a federal appeals court ruled on Thursday.

Pimco's Gross says firm will win 'war' on bonds

NEW YORK (Reuters) - Bill Gross, the founder of Pimco who is often known as the "bond king," on Thursday said that Pimco would overcome the bond market selloff that began in May as he urged investors not to flee the fixed-income market.

Identities of two Powerball lottery winners in N.J. awaited

(Reuters) - Two of three winners of a $448 million Powerball lottery jackpot, who bought their lucky tickets in New Jersey, have still not stepped forward, lottery officials said Friday.

U.S.-based Treasury funds have record weekly outflow: Lipper

NEW YORK (Reuters) - Investors pulled a record $3.27 billion out of U.S.-based funds that hold Treasuries in the latest week as uncertainty grew over when the Federal Reserve may wind down its stimulus, data from Thomson Reuters' Lipper service showed on Thursday.

Column: Social media use surges in over-50 crowd

CHICAGO (Reuters) - Christine Jensen has two adult daughters in their 30s, and they like to tease their mother about the amount of time she spends on Facebook.

Carl Icahn increases Nuance stake to 16 percent: filing

NEW YORK (Reuters) - Activist investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc to 16.03 percent, a regulatory filing showed Thursday.

Arbitrator orders alleged Ponzi-schemer to pay $2.8 million

(Reuters) - A longtime Bronx-based tax preparer and broker who was criminally indicted for allegedly running a multi-million dollar Ponzi scheme must pay a group of investors a total of $2.8 million for money they lost in the scam, a securities arbitration panel ruled.

Gauge of U.S. layoffs falls to pre-recession level

WASHINGTON (Reuters) - A gauge of the trend in layoffs of American workers fell last week to its lowest since before the 2007-09 recession, a hopeful sign for the U.S. economy.