After pulling billions, former Pimco investors may not be better off
When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo & Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California-based money manager. Where the money landed may be no better than where it left.
Dec 04, 2014 3:52 PM EST
Exclusive: Takata investigated defective air bag inflator as early as 2003
As early as 2003, Takata Corp (7312.T) ran an investigation into an air bag inflator that ruptured in a BMW (BMWG.DE) vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dangerous air bags it supplied.
No need for irrational fears of student loans
The next generation of college students has heard the message loud and clear about the perils of taking on too much student loan debt - so much so that many are unwilling to go into debt at all in order to attend college.
U.S. private payrolls rise in November; third-quarter compensation revised down
U.S. private employers added jobs at a fairly brisk clip in November, suggesting a slowing global economy is having a limited impact on domestic activity
Latest News
U.S. mortgage applications fall in latest week: MBA
Applications for U.S. home mortgages fell last week as refinancing applications dropped, an industry group said on Wednesday.
Dec 03, 2014 10:07 AM EST
BNY Mellon gives activist investor Trian Fund a board seat
Bank of New York Mellon (BK.N) said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board.
Dec 02, 2014 11:54 AM EST
Oil falls below $72 after sharp rally in volatile market
Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day's rally from five-year lows, as traders voiced uncertainty over whether the market had reached a floor or would keep falling.
Dec 02, 2014 11:49 AM EST
Wall St. rises; energy leads despite oil weakness
U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500's weakest day in a month.
Dec 02, 2014 11:45 AM EST
U.S. construction spending posts biggest gain in five months
U.S. construction spending rose more than expected in October as both private and public outlays increased, which could ease concerns of a sharp slowdown in fourth-quarter economic growth.
Dec 02, 2014 11:41 AM EST
U.S. retailers warn of Chinese giant Alibaba's impact in U.S.
Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.
Dec 01, 2014 2:28 PM EST
Fed rate hikes to depend on markets, not just economy: Dudley
The Federal Reserve will not just tighten policy based on how the U.S. economy is faring, but on how well financial markets respond to the eventual interest-rate hikes, an influential Fed official said on Monday.
Dec 01, 2014 2:25 PM EST
U.S. manufacturing cools, but underlying momentum remains
U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in exports suggested the economy remained on a firmer footing despite slowing global growth.
Dec 01, 2014 1:28 PM EST
Standard Chartered hit with first S&P downgrade in 20 years
Ratings agency Standard & Poor's (S&P) cut its credit rating on Standard Chartered (STAN.L) for the first time in 20 years on Friday, citing the "tough period" the Asia-focused bank was going through and its weaker credit-worthiness.
Nov 28, 2014 11:27 AM EST
Billions wiped off energy shares as investors rush for exit
A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signaled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts.
Nov 28, 2014 11:25 AM EST
S&P 500 down on oil rout, but on track for six-week rally
U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low.
Nov 28, 2014 11:23 AM EST
Japan inflation slows in October, highlights challenge facing Abe
Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan.
Nov 28, 2014 11:22 AM EST