Reuters - Money

Click to View in Browser

Thursday, October 5, 2017

Column: Pre-tax retirement contributions at risk in tax reform

NEW YORK (Reuters) - If you like the income tax reduction you get for your 401(k) contribution then make sure to max out now, because you may not get the chance in the future.

U.S. employers make big push for telehealth

NEW YORK (Reuters) - As Hurricane Irma lashed Orlando, Florida, last month, Amanda Leite needed a doctor for her 4-year-old daughter, who had a fever.

EFG CFO Pradelli to replace chief executive Straehle in 2018

ZURICH (Reuters) - EFG International's Joachim Straehle is stepping down as chief executive after some 2-1/2 years, during which time the Swiss private bank acquired troubled BSI Bank from Brazil's BTG Pactual.

Hedge fund Baupost owns $911 million in Puerto Rico debt

BOSTON (Reuters) - Baupost Group, one of the world's biggest hedge funds, owns nearly $1 billion in Puerto Rican sales tax debt, a spokeswoman confirmed on Wednesday as the island's debt tumbled in the wake of suggestions from President Donald Trump that it may be erased.

Activist funds with fewer assets outperforming big name rivals

BOSTON (Reuters) - Several activist investor funds with a fraction of the assets of their bigger rivals are posting strong returns, as they win board seats and drive change at companies, an analysis of their performance shows.

Q&A: Maker's Mark helped Bill Samuels Jr. make his mark

NEW YORK(Reuters) - Bourbon is a multi-billion-dollar business, but it began with just a few pioneering Kentucky families from Bardstown who all lived down the road from each other.

Gold and cash reign as U.S. fund investors pare stocks: Lipper

NEW YORK (Reuters) - U.S. fund investors gorged on gold and traded stocks for cash during the latest week, showing caution even as markets trend higher, Lipper data showed on Thursday.

Using a reverse mortgage to delay Social Security: does it make sense?

CHICAGO (Reuters) - Delaying your Social Security benefit claim offers one of the best routes to higher retirement income - annual benefits increase 8 percent for every 12 months that you delay from age 62 to 70. But the strategy often comes with a challenge: how to meet living expenses while you wait?

Hedge fund Marathon eyes bad loans in Britain on Brexit slowdown

AMSTERDAM (Reuters) - U.S. credit hedge fund Marathon Asset Management sees buying opportunities in British non-performing loans as Britain's economy slows down following its vote to leave the European Union, the fund's chief executive said on Thursday.

Investors scoop up billions in bonds, most since July: ICI

NEW YORK (Reuters) - Investors throttled up their bond exposure in the latest week, adding the most cash to U.S.-based debt funds since July as momentum for U.S. stock funds stalled, Investment Company Institute (ICI) data showed on Wednesday.