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.
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.
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.
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.