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Business and Finance
Ackman Bet on Freddie Mac Fannie Mae Sours Amid Fund IPO Bloomberg
2014-10-01 23:28:31.0 - Google News

Corrects first and second paragraph to show that Fannie and Freddie are two of Pershings smallest holdings not largest Investors in the initial public offering of Pershing Square Holdings Ltd PSH one of the funds managed by activist investor Bill Ackman - Read the full story here.
23 Billion Is Pulled From Pimcos Flagship Fund New York Times
2014-10-01 23:22:41.0 - Google News

updated at 543 pm Pimcos flagship fund once billed as the worlds biggest bond fund is shrinking fast In September investors pulled 235 billion from the Pimco Total Return Fund with the largest redemptions coming on Sept 26 the day Bill Gross - Read the full story here.
Markets Buckle Hit By Weak Economic News New York Times
2014-10-01 23:20:36.0 - Google News

The stock market got off to a rough start to October on Wednesday The Dow Jones industrial average dropped nearly 240 points as investors reacted to a round of negative economic news At first stocks declined after a report that German manufacturing - Read the full story here.
Why is oil down Business Recorder
2014-10-01 23:14:21.0 - Google News

In the oil world geopolitical risks seem to have taken a backseat at least for now and the focus is shifting to the growing crude oil surplus Crude oil prices have slithered to a multiyear low In 2014 so far West Texas Intermediate WTI is around four - Read the full story here.
UPDATE 2Argentina central bank chief quits raising policy uncertainties Reuters
2014-10-01 23:13:20.0 - Google News

Recasts lead to add replacement considered sympathetic to interventionist stance adds market reaction analyst quotes context By Jorge Otaola and Nicols Misculin BUENOS AIRES Oct 1 Reuters Argentinas central bank chief resigned on Wednesday - Read the full story here.
UPDATE 3Bank of America names CEO Moynihan chairman of board Reuters
2014-10-01 23:12:51.0 - Google News

Adds Breakingviews link By Peter Rudegeair Oct 1 Reuters Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board effective immediately He succeeds Charles quotChadquot Holliday the former chief executive of the - Read the full story here.
City Comptroller Expansion of Living Wage Law Lacks Independent Oversight NY1
2014-10-01 23:11:53.0 - Google News

City Comptroller Scott Stringer says the executive order Mayor Bill de Blasio signed expanding the citys living wage law lacks independent oversight Stringer says his office and the City Council would have provided independent monitoring of the executive - Read the full story here.
Waning demand hits factory activity across Asia and Europe Business Recorder
2014-10-01 23:10:11.0 - Google News

Dwindling demand cut factory activity across much of Asia and Europe in September sending it to multimonth lows and raising the chances that global growth will slow in the months ahead Despite gentler price rises Chinas figures were mired barely above - Read the full story here.
Godzilla Defeats the Thing Wall Street Journal
2014-10-01 23:07:54.0 - Google News

Federal Judge Royce Lamberth did a service for taxpayers on Tuesday by dismissing claims against the federal government brought by private investors trying to profit once again from Fannie Mae and Freddie Mac The judge saw through a plaintiffs - Read the full story here.
Get ready to dump your wallet iPhone 6 owners will be able to use their handset Daily Mail
2014-10-01 23:07:43.0 - Google News

Apple Pay aims to replace cards with an iPhone 6 allowing shoppers to simply prove their identity with a fingerprint then tap to pay Now it has been claimed that owners will finally be able to throw away their wallets on October 20th Scroll down for video - Read the full story here.
Pepsi to launch soda sweetened with stevia Monroe Evening News
2014-10-01 23:04:50.0 - Google News

This product image provided by PepsiCo Inc shows the companys new product Pepsi True PepsiCo Inc says Pepsi True will have 30 percent fewer calories than the regular version and be made with a mix of sugar and stevia a natural sweetener with no - Read the full story here.
Argentina Central Bank Head Fabrega Resigns Spokesman Says Businessweek
2014-10-01 23:01:38.0 - Google News

Argentine central bank President Juan Carlos Fabrega resigned today less than 24 hours after President Cristina Fernandez de Kirchner publicly criticized the institution for allegedly leaking inside information Fernandez will nominate securities regulator - Read the full story here.
Pimco investors withdrew 235 billion last month mostly on Gross departure Los Angeles Times
2014-10-01 23:01:21.0 - Google News

Investors pulled another 235 billion out of the Pimco Total Return Fund last month as quotbond kingquot Bill Gross stepped down Pacific Investment Management Co said Wednesday It was the largest outflow ever from the worlds largest managed mutual fund - Read the full story here.
Argentina Central Bank Head Fabrega Resigns Spokesman Says Bloomberg
2014-10-01 23:00:10.0 - Google News

Argentine central bank President Juan Carlos Fabrega resigned today less than 24 hours after President Cristina Fernandez de Kirchner publicly criticized the institution for allegedly leaking inside information Fernandez will nominate securities regulator - Read the full story here.
Weak demand hits factory activity across Asia Europe Reuters
2014-10-01 22:57:18.0 - Google News

BANGALORELONDONNEW YORK Reuters Dwindling demand hurt factory activity across much of Asia and Europe in September and mixed manufacturing indicators in the Americas on Wednesday raised the chances of slower global economic growth - Read the full story here.
Pimco investors withdrew 235 billion last month as Gross departed Los Angeles Times
2014-10-01 22:56:53.0 - Google News

Investors pulled another 235 billion out of the Pimco Total Return Fund last month as quotbond kingquot Bill Gross stepped down Pacific Investment Management Co said Wednesday It was the largest outflow ever from the worlds largest managed mutual fund - Read the full story here.
Stocks start October with a drop Chroncom
2014-10-01 22:47:46.0 - Google News

FILE In this May 11 2007 file photo a Wall Street sign is mounted near the flagdraped facade of the New York Stock Exchange Stocks are heading lower in early trading Wednesday Oct 1 2014 putting the market on course for its third loss in a row - Read the full story here.
Texas Ebola Patient Thomas Duncan Prayed With Family on Phone Today ABC News
2014-10-01 22:47:41.0 - Google News

The patient who became the first person diagnosed with Ebola in the United States has been identified as a former chauffeur from Liberia who prayed with family members by phone today The patient Thomas Eric Duncan is being treated at an isolation unit - Read the full story here.
Pimco Total Return Fund posts record 235 billion net outflow in Sept Reuters
2014-10-01 22:46:47.0 - Google News

Reuters Pacific Investment Management Co suffered a record 235 billion of withdrawals from its flagship Pimco Total Return Fund in September with its largest daily outflow occurring on the day of Bill Grosss surprise resignation from the firm - Read the full story here.
GM Outlines Plan to Increase Profit Margins New York Times
2014-10-01 22:46:10.0 - Google News

MILFORD Mich General Motors pledged on Wednesday to increase its profit margins cut costs and expand operations in China as part of a broader strategy that emphasizes growth and better financial results The new strategic plan was unveiled to - Read the full story here.
PayPal spawn have advanced where PayPal stood still Reuters
2014-10-01 22:46:03.0 - Google News

SAN FRANCISCO Reuters PayPals biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal - Read the full story here.
BofA CEO Moynihan Appointed Chairman as Crisis Era Fades Bloomberg
2014-10-01 22:39:49.0 - Google News

Bank of America Corp BAC elected Chief Executive Officer Brian T Moynihan chairman of the board after he helped lead the company through legal disputes tied to the financial crisis He succeeds Charles Chad Holliday 66 who remains a director the - Read the full story here.
Former eBay Executive Sentenced to Prison for Insider Trading Wall Street Journal
2014-10-01 22:37:30.0 - Google News

A federal judge in Philadelphia sentenced 45yearold Christopher Saridakis on Wednesday Saridakis had pleaded guilty to securities fraud in May Saridakis of Wilmington Delaware was a senior executive at GSI Commerce in March 2011 when it was - Read the full story here.
UPDATE 2Bank of America names CEO Moynihan chairman of board Reuters
2014-10-01 22:36:17.0 - Google News

Adds history of changes to the banks board By Peter Rudegeair Oct 1 Reuters Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board effective immediately He succeeds Charles quotChadquot Holliday the former chief - Read the full story here.
Argentinas central bank chief resigns CNNMoney
2014-10-01 22:28:27.0 - Google News

The head of Argentinas central bank Juan Carlos Fabrega resigned Wednesday after less than a year in office according to the presidents press secretary President Cristina Fernandez de Kirchner has accepted the resignation Argentinas Merval stock - Read the full story here.
Digitalnyc launches as a web portal for NYCs booming tech industry amNY
2014-10-01 22:27:11.0 - Google News

The city launched a new online portal Wednesday that helps New Yorks booming tech industry have a wider reach The digitalnyc website serves as a onestop shop for entrepreneurs engineers investors and others and offers several resources such as job - Read the full story here.
Verso to close Maine paper mill displacing 500 Wisconsin Rapids Tribune
2014-10-01 22:26:51.0 - Google News

Verso Paper Corp is expected to acquire NewPage which has several mills in the area Loading Post to Facebook Verso to close Maine paper mill displacing 500 Verso Paper Corp is expected to acquire NewPage which has several mills in the area - Read the full story here.
Wall Street tumbles on Ebola fears small caps drop Reuters
2014-10-01 22:25:35.0 - Google News

NEW YORK Reuters US stocks dropped more than 1 percent on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors economic data pointed to uneven growth and the Russell 2000 index entered correction - Read the full story here.
UPDATE 4GM sees first European profit in 2016 after years of losses Reuters
2014-10-01 22:25:35.0 - Google News

Adds link to Breakingviews column By Ben Klayman MILFORD Mich Oct 1 Reuters General Motors Co said on Wednesday it expects in 2016 to ring up its first profit in Europe in more than a decade and that it will also hit targeted North American - Read the full story here.
UPDATE 4GM sees first European profit in 2016 after years of losses Reuters
2014-10-01 22:24:31.0 - Google News

Adds link to Breakingviews column By Ben Klayman MILFORD Mich Oct 1 Reuters General Motors Co said on Wednesday it expects in 2016 to ring up its first profit in Europe in more than a decade and that it will also hit targeted North American - Read the full story here.

 
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