An industry's "decades-long deception"
The fire retardant industry engaged in a decades-long deception about its products, which are often filled with cancerous materials, the Chicago Tribune reports. Read more at Counterparties
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U.S. money market assets set $2.5 trillion record
NEW YORK |
NEW YORK (Reuters) - U.S. money market mutual fund assets rose to a record $2.5 trillion in the latest week, the Money Fund Report said on Wednesday.
Taxable assets rose $15 billion to a record $2.1 trillion, while tax-free assets increased by $937 million, said the report published by iMoneyNet Inc. of Westborough, Massachusetts.
Taxable money fund yields were unchanged in the latest week at an average 4.72 percent. Tax-free money fund yields rose 3 basis points in the latest week to an average 3.13 percent.
The report is based on reports from 1,274 taxable and 542 tax-free and municipal money-market funds.
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