By Ross Kerber and Aaron Pressman

(Reuters) – Goldman Sachs Group Inc and JPMorgan Chase & Co on Wednesday said they will disclose the value of their money market mutual funds each day rather than monthly, seeking to boost investor confidence and head off new regulations.

The change marks a major shift in the $2.6 trillion industry. Two other large money fund sponsors, Vanguard Group Inc and BlackRock, said they would not increase their disclosures.

BOSTON (Reuters) – The two biggest financial markets in Latin America swapped their long-held roles in 2012, with Mexico surging ahead and Brazil lagging, catching many U.S. fund investors in the region off guard.

Stocks in Brazil, which had benefited over the past decade from a fast-growing consumer class and Chinese buying of commodities, suffered as the government increased regulation of key sectors of the economy and Asian demand waned. In the third quarter of 2012, Brazil’s economy grew only 0.9 percent from a year earlier, while Mexican growth was 3.3 percent.

BOSTON, Jan 2 (Reuters) – The two biggest financial markets
in Latin America swapped their long-held roles in 2012, with
Mexico surging ahead and Brazil lagging, catching many U.S. fund
investors in the region off guard.

Stocks in Brazil, which had benefited over the past decade
from a fast-growing consumer class and Chinese buying of
commodities, suffered as the government increased regulation of
key sectors of the economy and Asian demand waned. In the third
quarter of 2012, Brazil’s economy grew only 0.9 percent from a
year earlier, while Mexican growth was 3.3 percent.

Dec 19 (Reuters) – Vanguard Group said customers had
invested $130.4 billion in its mutual and exchange-traded funds
during the first 11 months of 2012, beating the fund industry’s
previous annual inflow record.

The flows into Vanguard funds, mostly into equities,
exceeded the previous annual record of $129.6 billion set by
JPMorgan Chase & Co in 2008, according to fund research
firm Strategic Insight. Vanguard’s previous high was $104
billion, achieved in 2007, Vanguard said in a statement on
Wednesday.

BOSTON (Reuters) – Mary Schapiro’s successor as head of the U.S. Securities and Exchange Commission is going to have to hit the ground running.

With an ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule makings required by the 2010 Dodd-Frank Wall Street reform law and continuing fears about market stability and high frequency trading, the new top securities regulator will have a lengthy list of critical issues to address on day one.

NEW YORK (Reuters) – Patrick McCormack, the manager of hedge fund Tiger Consumer Management, decided to bet against rival David Einhorn in the third quarter.

McCormack’s $2 billion fund jumped into two stocks that Einhorn, founder of $8 billion Greenlight Capital Management and one of a handful of savvy traders who can move markets with his “short” calls, has said publicly he is shorting, or betting against.

NEW YORK (Reuters) – Patrick McCormack, the manager of hedge fund Tiger Consumer Management, decided to bet against rival David Einhorn in the third quarter.

McCormack’s $2 billion fund jumped into two stocks that Einhorn, founder of $8 billion Greenlight Capital Management and one of a handful of savvy traders who can move markets with his “short” calls, has said publicly he is shorting, or betting against.

NEW YORK, Nov 14 (Reuters) – Patrick McCormack, the manager
of hedge fund Tiger Consumer Management, decided to bet against
rival David Einhorn in the third quarter.

McCormack’s $2 billion fund jumped into two stocks that
Einhorn, founder of $8 billion Greenlight Capital Management and
one of a handful of savvy traders who can move markets with his
“short” calls, has said publicly he is shorting, or betting
against.

By Aaron Pressman and Joseph Menn

(Reuters) – As Sandy hammered the northeast United States this week killing more than 100 people, contingency plans were washed away and businesses had to improvise as the storm knocked out power to millions and stranded entire communities.

Internet sites were kept online only because an impromptu bucket brigade ferried 5-gallon jugs of diesel fuel up 17 stories to a rooftop generator. Billions of dollars of stock trades were frozen and sidelined. Even the United Nations closed its complex when flood waters knocked out power.

BOSTON (Reuters) – Massachusetts regulators shut down a pharmacy on Sunday after a surprise inspection raised concerns about the sterility of its drugs, in the third such closure since a deadly meningitis outbreak caused by contaminated drugs from another pharmacy in the state.

The latest pharmacy to be closed, Infusion Resource, is not affiliated with New England Compounding Center, the company linked to the outbreak, officials said.