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Tuesday, February 12, 2013

Financial news: 02/12/2013

WS 24/7: Thousands of retail stores are forecasted to close in '13
NYT: Wealth seekers are duped into risky financial instruments
CNBC: Housing market will be unexciting next 5-yrs per Shiller
Reuters: CFPB is enforcing legal rights for mortgage transfers 
AP: Research shows 20% of consumers have faulty credit records
Bloomberg: Medicare re-admissions are pressured by high costs
CNN: Fed official says high unemployment will persist for years
Business Insider: Tom Cruise sold his house for $3 million
BBC: The Euro's valuation has risen 6% over 6 months
ZH: Foreign bank reserves are being overfilled by monetary policy

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