Money Headlines

How to get employees of small businesses to save for retirement

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CHICAGO - The U.S. Chamber of Commerce and AARP usually can be found on opposite ends of the ideological spectrum when it comes to retirement policy. The two Washington advocacy powerhouses have often been at loggerheads on key policy fights, such as Social Security and Medicare reform.

Small Business, Money 12:18pm EDT

Factory, jobless data point to firming economy

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WASHINGTON - Factory activity jumped to a two-year high in July and first-time applications for jobless benefits hit a 5-1/2-year low last week, bolstering views economic growth would accelerate in the second half of the year.

2:06pm EDT

Apollo, TGP among funds circling Gherkin tower owner IVG

LONDON/FRANKFURT - Apollo and TPG Capital are among the private equity funds holding the debt of German property company IVG with a view to taking control as last-ditch talks with creditors near an end, two sources close to the situation told Reuters.

6:36am EDT

Japan regulator says Singapore-based hedge fund manipulated share prices

TOKYO - A Singapore-based hedge fund manipulated prices in the Japanese equity market and should pay a 431 million yen ($4.38 million) fine, Japan's securities regulator said, which would be biggest ever imposed against a non-Japanese firm for market manipulation.

6:36am EDT

CME Group beats Wall Street estimate as trading climbs

- CME Group Inc, the world's biggest futures exchange operator, reported a 27 percent rise in quarterly profit, beating expectations, as trading jumped both at home and abroad.

10:38am EDT

Wed, Jul 31 2013

Stern Advice: Financial advice that is popular - and wrong

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WASHINGTON - Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn't bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda yadda.

31 Jul 2013

Contractors, cars and debt collectors top U.S. consumer complaints: survey

- U.S. consumers always complain about pushy car salesmen and debt collectors, but in 2012 they also faced an array of new and sometimes surprising challenges - like getting hit with fees just for questioning their bills, according to a recent survey.

U.S., Money 31 Jul 2013

Congress finally votes to cut student loan interest rates

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WASHINGTON - U.S. college students will likely pay a reduced interest rate of 3.86 percent on their student loans for the new school year, after lawmakers on Wednesday finally passed a compromise bill that would reverse a recent rate hike.

Politics, U.S., Money 31 Jul 2013

BlackRock starts index series focused on retirement planning

NEW YORK - BlackRock Inc, the world's largest money manager, is making a push into the retirement market with a new series of indexes and funds geared toward individual investors preparing for retirement.

31 Jul 2013

SEC tightens client rules for broker-dealers

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WASHINGTON - The top securities regulator on Wednesday set new rules to protect clients with cash or securities at securities brokers, requiring more disclosure and safeguards from firms including some of Wall Street's largest.

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McCain, Biden coming together for Sedona, Arizona forum

These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.