Money Headlines
Strip mall owners struggle with lack of demand in second quarter
NEW YORK - U.S. strip mall owners struggled with a lack of demand in the second quarter, although limited construction of new space led to a modest improvement in vacancy rates and slightly higher rents, according to a report released on Wednesday.
For online lenders, Wall Street cash brings growth and risk
SAN FRANCISCO - Institutional investors are tripping over themselves to buy so-called peer-to-peer loans offered by a new breed of Internet lending companies, a development that could transform the nascent sector into significant player in the credit markets.
Tue, Jul 2 2013
Pimco Total Return Fund posts record outflows of $9.6 billion
NEW YORK - Pimco Total Return, the world's largest bond fund, suffered record large outflows in June, in a second straight month of withdrawals amid carnage in the bond market that have reduced the fund's assets by 8.5 percent, data from Morningstar showed on Tuesday.
Healthcare reform to end 'job lock' for the over-50 crowd
CHICAGO - When Carmen Oberai was diagnosed with breast cancer several years ago, she knew the treatment would make it tough for her to stay at her job. But she needed the health insurance provided by her employer, so she worked through the illness.
SAC Capital posts strong June amid market selloff, U.S. probe
NEW YORK - SAC Capital Advisors, the hedge fund firm run by billionaire Steven A. Cohen that has been under intense scrutiny as part of an insider trading investigation, posted a surprisingly strong return in June amid a global market sell-off.
High-end pawn shops solve small business cash crunch
CHICAGO - When Marc Kaye needed a loan to fund his boutique insurance firm at a time when payroll, his kids' college tuition and a mortgage payment were all draining his cash reserves, he didn't go to a bank. | Video
Stock market strategies for a volatile summer
NEW YORK - Ever since the Federal Reserve started hinting it could pull back on its massive bond-buying stimulus program later this year, the stock market has been on a wild ride.
Auto, factory data hint at some momentum in economy
WASHINGTON - U.S. new motor vehicle sales in June were poised to record their strongest month in more than 5-1/2 years and factories posted a second straight month of gains in new orders in May, indicating some pick-up in economic activity. | Video
Mon, Jul 1 2013
Student loans: Exploiting America's young - Douglas Holtz-Eakin
- Obamacare was paid for on the backs of students.
For financial geeks, a do-it-yourself hedge fund site
BOSTON - In the secretive world of hedge funds, algorithms are not shared because they provide the juice behind market-beating returns, and are a key reason why hedge funds charge their clients "two and twenty" - an annual fee equivalent to 2 percent of assets, plus 20 percent of gains.
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.
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