Business News / Business

$23 billion pulled from Pimco fund

Investors pulled a record $23.5 billion from Pacific Investment Management's Total Return Fund in September, the month "bond king" Bill Gross quit, intensifying the outflows that began last year after returns turned spotty at the enormous mutual ...

Manufacturing growth began to cool in September

Sinking grain prices and cooling product orders in September slowed growth in manufacturing plants across the Midwest and country, results of two surveys showed Wednesday.

The reports, by the national Institute of Supply Managers and Creighton ...

Moynihan named chairman of Bank of America

Bank of America CEO Brian Moynihan has been elected chairman of the Charlotte, N.C., bank's board, the lender announced Wednesday.

He becomes the first Bank of America CEO to hold the chairman post since Ken Lewis was stripped of the title in ...

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