Money Headlines

Wed, Oct 1 2014

Stern Advice: Should you tap your 401(k)to buy a house?

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NEW YORK - It makes sense, given the gains workers have seen in their retirement plans and in home prices in recent years, that they would consider tapping their 401(k) accounts to buy homes. And that is exactly what a growing number of workplace savers are doing, according to a new study from Fidelity Investments.

01 Oct 2014

How to choose the best rehab facility

NEW YORK - This summer, I had the arduous and rushed task of picking a rehabilitation center for my dad, as post-operative complications left him too ill to return home at the time, yet the hospital was keen to discharge him. | Video

01 Oct 2014

If short you must, look for fraud

- (James Saft is a Reuters columnist. The opinions expressed are his own)

01 Oct 2014

Goldman's Petershill II fund takes stake in hedge fund Caxton

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LONDON/BOSTON - Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday.

01 Oct 2014

Ackman's Pershing Square raises $3 billion in fund listing

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LONDON - Pershing Square Holdings, a fund managed by activist investor Bill Ackman, raised $3.07 billion ahead of a stock market listing in Amsterdam, the company said on Wednesday.

Deals, Money 01 Oct 2014

Exclusive: Goldman leads investment by Wall Street in new communications platform

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NEW YORK - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

Money, Tech 01 Oct 2014

U.S. Fed awards fewer reverse repos after quarter-end record

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NEW YORK - The U.S. Federal Reserve awarded fewer fixed-rate reverse repurchases on Wednesday, a day after record demand for them from banks, Wall Street dealers and money market funds at the end of the third quarter, according to the New York Fed's website.

01 Oct 2014

Vanguard blocks 'hot money' into bond funds amid Pimco outflows

BOSTON - Vanguard Group's global bond chief said Wednesday the company has tightened controls at some of its long-term bond funds to screen out "hot money" amid heavy cash outflows from rival Pacific Investment Management Co.

01 Oct 2014

U.S.-based bond funds attract $831 million in latest week: ICI

NEW YORK - Investors in U.S.-based mutual funds committed a net $831 million to bond funds in the week ended Sept. 24 on continued appetite for tax-free municipal debt, data from the Investment Company Institute showed on Wednesday.

01 Oct 2014

U.S. Fed awards fewer reverse repos after quarter-end record

NEW YORK - The U.S. Federal Reserve awarded fewer fixed-rate reverse repurchases on Wednesday, a day after record demand for them from banks, Wall Street dealers and money market funds at the end of the third quarter, according to the New York Fed's website.

01 Oct 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.