Tuesday, 27 August 2013

Reuters Money: Nasdaq trading halt exposes communication gaps when crisis hits

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08/27/2013
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
Nasdaq trading halt exposes communication gaps when crisis hits
NEW YORK (Reuters) - The three-hour trading halt last week in Nasdaq stocks has raised questions about the exchange's communications effort and whether procedures need to be established to keep the investing public informed when mishaps occur.
Taper talk meets data reality: James Saft
(Reuters) - Looked at in isolation, the economic data in the United States does not argue for the Federal Reserve to cut back on its bond purchases starting in September.
How to cut the cable cord and watch TV now
(Reuters) - The monthly cable and Internet bill for the Adrienne Capollupo's Roanoke, Virginia, family had reached $150 when they decided to cut the cord - the one that runs to the television set.
Back-to-school math for parents: What's an A worth?
NEW YORK (Reuters) - Parents, here is an assignment for you as the kids head back to school: Are you going to pay your children to do homework and get good grades?
Exclusive: T. Rowe bans some American Air employees from fund trading
NEW YORK (Reuters) - T. Rowe Price Group Inc has permanently banned about 1,300 American Airlines employees from trading among its funds in their 401(k) retirement plans, a rare move to curb "collective" trading by subscribers to an investment newsletter.
IRS lags in program to spot tax refund fraud: watchdog
WASHINGTON (Reuters) - The U.S. Internal Revenue Service is lagging in efforts to upgrade a key software program needed to prevent the burgeoning problem of tax refund fraud schemes, the agency's watchdog said on Monday.
Fund View: How little-known Huber Capital funds beat Wall Street
NEW YORK (Reuters) - Portfolio manager Joe Huber may be little-known outside of Los Angeles, yet his acclaimed low-turnover strategy has been making waves on Wall Street for several years.
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.
U.S.-based stock funds post biggest weekly outflow since July '12: Lipper
NEW YORK (Reuters) - Investors in funds based in the United States pulled roughly $9.4 billion out of stock funds in the latest week, marking the biggest outflow from the funds since July 2012, data from Thomson Reuters Lipper service showed on Thursday.
Speculators pare bearish bets on U.S. 10-year Treasury-note futures: CFTC
(Reuters) - Speculators reduced bearish bets on U.S. 10-year Treasury note futures in the latest week before the Federal Reserve released the minutes of its July policy meeting, according to Commodity Futures Trading Commission data released on Friday.
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