Reuters - Money

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Wednesday, December 27, 2017

Henry Cisneros gives life lessons on building dreams

NEW YORK (Reuters) - Henry Cisneros has spent his life working to improve U.S. cities, first as San Antonio’s City Councilor in the 1970’s, then as the city’s mayor for eight years and then as the U.S. Secretary of Housing and Urban Development under President Bill Clinton.

Column: 2018, the year of the active fund manager?: McGeever

LONDON (Reuters) - After years of struggling to beat the index, 2018 should be the year active fund managers earn their spurs.

Top small-cap funds of 2017 focus on healthcare, tech in year ahead

NEW YORK (Reuters) - Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017.

Ski slopes and beaches forgotten: tax takes precedence

NEW YORK (Reuters) - There will be no holiday slowdown this year for tax consultant Jonathan Traub, who skipped hitting the ski slopes with his family and hunkered down in his Colorado condo to prep for a webcast.

RBS to pay $125 million to settle California mortgage bond claims

(Reuters) - Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state's attorney general has announced.

A Model Life: How Petra Nemcova transformed tragedy into joy

NEW YORK (Reuters) - If Petra Nemcova's life were a movie plot, nobody would believe it.

U.S.-based equity funds post $22 billion of outflows, largest withdrawals in 2017

NEW YORK (Reuters) - U.S.-based equity funds posted $22.2 billion of outflows in the week ended Dec. 20, the largest cash withdrawals for 2017, according to Lipper data on Thursday.

Column: With U.S. life expectancy gains down, tax bill will make things worse

CHICAGO (Reuters) - The Republican tax bill approved by Congress this week will create financial headaches for millions of taxpayers trying to navigate all the new rates and rules.

Your Money: Get ready for a flood of difficult divorces in 2018

NEW YORK (Reuters) - Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a sigh of relief. The final tax overhaul bill gives them until the end of 2018 before completely upending the divorce process.

U.S. tax overhaul requires new math for 529 savings plans

NEW YORK (Reuters) - Families with children in private or parochial school will be able to tap their college savings plans to pay for up to $10,000 in tuition and other expenses in the new year, thanks to a provision in the tax overhaul bill going into effect in 2018.