Money Headlines

Fri, Oct 24 2014

Washington tweaks retirement fund policy to encourage annuities

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WASHINGTON - The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings.

24 Oct 2014

Thu, Oct 23 2014

Fund star Gross arrives too late to halt third-quarter Janus outflows

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BOSTON - Janus Capital Group Inc said on Thursday that third-quarter profit rose 25 percent, but the mutual fund company posted more outflows of investor cash as the arrival of star bond manager Bill Gross came too late to reverse the trend.

23 Oct 2014

Fri, Oct 24 2014

SEC rejects NYSE proposal to list 'non-transparent' ETFs

NEW YORK - U.S. regulators on Friday rejected a proposal from the NYSE Arca exchange to be able to list and trade actively managed exchange-traded funds that do not have to disclose their holdings on a daily basis.

Speculative Eurodollar net shorts sag to lowest since December

- Speculative net short positions in Chicago Mercantile Exchange's Eurodollar futures fell to 718,781 contracts in the latest week to their lowest since December, according to Commodity Futures Trading Commission data released on Friday.

24 Oct 2014

Thu, Oct 23 2014

Wall Street watchdog, US states mull new system to clean up brokers' records

LA QUINTA Calif. - Wall Street's industry-funded watchdog and U.S. state securities regulators are considering whether to develop a new type of regulatory process for brokers to follow for erasing complaints from their public records, an official said on Thursday.

Inflows to U.S.-based stock mutual funds outpace ETFs: Lipper

NEW YORK - Investors in U.S.-based stock funds added net new cash to mutual funds in the week ended Oct. 22, a sharp contrast to the net withdrawals from exchange-traded funds over the same period, data from Thomson Reuters' Lipper service showed on Thursday.

23 Oct 2014

Janus CFO says compensation ratio could rise with Gross hire

BOSTON - Janus Capital Group Chief Financial Officer Jennifer McPeek said on Thursday that the company's ratio of compensation to revenue could rise to around 45 percent if newly hired bond fund manager Bill Gross attracts a large flow of new assets.

23 Oct 2014

The COLA crunch: Why Social Security isn't keeping up with seniors' costs

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CHICAGO - Social Security’s annual inflation adjustment is one of the program’s most valuable features. But it’s time to adjust the adjustment.

23 Oct 2014

Buffett copycats risk a pounding as Berkshire portfolio suffers

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NEW YORK - It's not been a good time for Warren Buffett wannabes.

23 Oct 2014

Bond funds stock up on Treasuries in prep for market shock

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BOSTON - U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations.

23 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.