Newsletter BOX: Reuters Money: Wealth advisers pounce on retirement nest eggs of American Air pilots

08/12/2013

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

Wealth advisers pounce on retirement nest eggs of American Air pilots

(Reuters) - When American Airlines dumped about $3.5 billion of retirement money into the laps of its pilots late last month, the winners were the wealth managers who got a piece of the action.

Financial education when home becomes the college dorm

BOSTON (Reuters) - Raysha Duncan grew up less than 15 minutes from Purdue University, so when she started at the West Lafayette, Indiana, school three years ago, it made sense for her to live at home and save the high cost of room and board.

What to expect from an independent college counselor

CHICAGO (Reuters) - Claire Jokinen had top grades in high school but never gave much thought to where she would attend college.

Analysis: Higher costs may slow Kirby, winner of U.S. energy boom

NEW YORK (Reuters) - A slow boat down the Mississippi may have been the best way to ride the U.S. energy boom.

Pimco Total Return Fund raised U.S. government holdings in July

NEW YORK (Reuters) - Bill Gross' Pimco Total Return Fund, the world's largest mutual fund, increased its exposure to U.S. government-related securities in July, data from the firm's website showed on Friday.

First jobs of finance gurus

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

Wedbush lands Morgan Stanley adviser in California

(Reuters) - Los Angeles-based brokerage firm Wedbush Securities has expanded its private client services group in California with a veteran hire from Morgan Stanley Wealth Management.

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.

Harbinger sues Deere and GPS companies for $1.9 billion in damages

NEW YORK (Reuters) - Philip Falcone's Harbinger Capital on Friday sued agricultural equipment maker Deere & Co and Global Positioning System companies and groups for damages of $1.9 billion as it looks to recoup its investment in bankrupt wireless company LightSquared.

UBS to pay $120 million in settlement over Lehman notes

NEW YORK (Reuters) - UBS AG has agreed to pay $120 million to settle a lawsuit by investors who accused the Swiss bank of misleading them about the financial condition of Lehman Brothers Holdings Inc in connection with the sale of structured notes.