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U.S. markets news

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 Total Return Fund posts record $23.5 billion net outflow in September  Reuters
Los Angeles Times   Related articles »  
Markets Buckle, Hit By Weak Economic 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.
US stocks drop sharply; Airlines sink  Imperial Valley Press
Stocks start October with a drop  Daily Item
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Ackman Bet on Freddie Mac, Fannie Mae Sours Amid Fund IPO
Investors in the initial public offering of Pershing Square Holdings Ltd. (PSH), one of the funds managed by activist investor Bill Ackman, saw the value of two of his holdings plunge within hours of the sale closing.
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.
Manufacturers tap on brakes but still grow rapidly in September  MarketWatch
Pace of US Factory Activity Slipped in September  ABC News
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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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NYMEX-Crude rises toward $91 on US oil stocks drop
TOKYO Oct 2 (Reuters) - U.S. crude futures edged up on Thursday towards $91 a barrel and paring losses from a day earlier due to support from a U.S.
Why is oil down?  Business Recorder
Saudis Lower Oil Prices in Competition for Asian Buyers  Businessweek
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New Pepsi Goes to Amazon
Pepsi True is also copying Coke in another respect. Coke last year in Argentina introduced its own naturally-sweetened, mid-calorie soda, Coca-Cola Life, which also is sweetened with sugar and stevia.
A choice of a new generation? Pepsi tries stevia  CNBC
A new cola war? Pepsi adds to mid-calorie soda arsenal  Fortune
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Argentina central bank governor resigns amid economic woes
The president's office said Juan Carlos Fabrega had left his post, just one day after President Cristina Fernandez de Kirchner appeared on TV to allege that the US and domestic interests were trying to force out her government.
UPDATE 2-Argentina central bank chief quits, raising policy uncertainties  Reuters
Argentina's central bank chief resigns  CNNMoney
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Twitter Gives MIT $10 Million to Study the Social Impact of Tech
Twitter (TWTR) is giving $10 million to the Massachusetts Institute of Technology over the next five years to study patterns of public discourse on the Internet, and potentially to build technology that will make online civic action more effective.
Twitter Grants $10 Million To MIT For Social Data Analysis, New Tools  WSB Radio
Twitter funds MIT Laboratory for Social Machines  Boing Boing
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Review: Pay by phone or just keep using plastic?
NEW YORK (AP) - PayPal, Apple and others are betting on billions in mobile payments. But so far, trying to use my phone to pay at restaurants and retailers has been frustrating.
Business Highlights  Fresno Bee
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