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U.S. markets news

Stocks start October with a drop
NEW YORK - Financial markets got off to a rough start in October as disappointing economic news and Ebola fears drove stocks lower.
Dow sinks on weaker economic news; Airlines drop on fears Ebola will curtail ...  Toledo Blade
Stocks swoon; Dow loses nearly 240 points  Newsday
WHDH-TV   Related articles »  
Ivascyn Faces $23.5 Billion Headache as Investors Redeem
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.
$23 Billion Is Pulled From Pimco's Flagship Fund  New York Times
Pimco investors withdrew $23.5 billion last month, mostly on Gross' ...  Los Angeles Times
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Ackman Bet on Freddie Mac, Fannie Mae Sours Amid Fund IPO
(Corrects first and second paragraph to show that Fannie and Freddie are two of Pershing's smallest holdings, not largest.) Investors in the initial public offering of Pershing Square Holdings Ltd.
Godzilla Defeats the Thing  Wall Street Journal
UPDATE 3-Fannie, Freddie shares slump after investor lawsuits dismissed  Reuters
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Waning demand hits factory activity across Asia and Europe
Dwindling demand cut factory activity across much of Asia and Europe in September, sending it to multi-month lows and raising the chances that global growth will slow in the months ahead.
US factories lose steam but private sector steps up hiring  Reuters
British and German factories see sharp slowdown in manufacturing  The Guardian
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BofA CEO Moynihan Appointed Chairman as Crisis Era Fades
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.
BofA chief Moynihan adds chairman role  Financial Times
Bank of America Chief Moynihan to Add Chairman Role  New York Times
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Why is oil down?
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.
NYMEX-Crude rises toward $91 on US oil stocks drop  Reuters UK
Saudis Lower Oil Prices in Competition for Asian Buyers  Businessweek
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Argentina Central Bank Head Fabrega Resigns, Spokesman Says
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.
Argentina central bank governor resigns amid economic woes  BBC News
UPDATE 2-Argentina central bank chief quits, raising policy uncertainties  Reuters
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A choice of a new generation? Pepsi tries stevia
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.
A new cola war? Pepsi adds to mid-calorie soda arsenal  Fortune
Pepsi True, The Healthy Side of Soda  The Inquisitr
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iPhone 6 owners will be able to use handset as a credit card from October 20th
Apple Pay aims to replace cards with an iPhone 6, allowing shoppers to simply prove their identity with a fingerprint then tap to pay.
Business Highlights  Fresno Bee
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Former eBay Executive Sentenced to Prison for Insider Trading
A federal judge in Philadelphia sentenced 45-year-old Christopher Saridakis on Wednesday. Saridakis had pleaded guilty to securities fraud in May.
Former e-commerce executive gets 15 months prison in eBay insider trading case  Reuters
Former eBay exec gets jail for insider trade  San Jose Mercury News
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