Daniel Ivascyn has a $23.5 billion problem. That's how much clients pulled last month from the $201.6 billion Pimco Total Return Fund, managed by Bill Gross until he quit in a dispute over management of Pacific Investment Management Co.
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.
Meet Pepsi True, the latest attempt by PepsiCo to sweeten soft drink sales with a midcalorie cola. By using sugar and stevia, the new drink contains 30 percent less sugar than a regular Pepsi, but no artificial sweeteners or high-fructose corn syrup.