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U.S. markets news

Stocks start October with a drop
FILE - In this May 11, 2007, file photo, a Wall Street sign is mounted near the flag-draped facade of the New York Stock Exchange.
Stocks drop sharply, led by airlines  SFGate
Stocks slammed as manufacturing slows in US, abroad  Tribune-Review
Latin Post   Related articles »  
GM Outlines Plan to Increase Profit Margins
MILFORD, Mich. - General Motors pledged on Wednesday to increase its profit margins, cut costs and expand operations in China as part of a broader strategy that emphasizes growth and better financial results.
What's News´┐Ż  Wall Street Journal
CEO Barra Pledges Profit Gains as GM Looks Past Recalls  Businessweek
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Argentina's central bank chief resigns
The head of Argentina's central bank, Juan Carlos Fabrega, resigned Wednesday after less than a year in office, according to the president's press secretary.
Argentina Central Bank President Fabrega Resigns, Spokesman Says  Businessweek
'Vultures' hover over Argentina -US relations  SFGate
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Pimco investors withdrew $23.5 billion last month as Gross departed
Investors pulled another $23.5 billion out of the Pimco Total Return Fund last month as "bond king" Bill Gross stepped down, Pacific Investment Management Co.
UPDATE 1-Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Reuters
Daniel Ivascyn: the straight talking portfolio manager  Financial Times
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ISM Manufacturing Index Slips; Reason to Worry? - Real Time Insight
The U.S. ISM Manufacturing Index dropped to 56.6% in September from a very strong 59.0% in August, which was the index's best reading since March 2011.
WRAPUP 3-US factories lose steam but private sector steps up hiring  Reuters
US manufacturing growth cools in September  The Australian
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Fannie, Freddie shares slump after investor lawsuits dismissed
(Reuters) - Shares of government-controlled Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) plummeted on Wednesday, the day after a judge upheld the U.S.
Fannie Mae: Serious Delinquency Rate Hits Lowest Level in Six Years
Frannie's Courtroom Crushing  Wall Street Journal
Related articles » launches as a web portal for NYC's booming tech industry
The city launched a new online portal Wednesday that helps New York's booming tech industry have a wider reach. The website serves as a one-stop shop for entrepreneurs, engineers, investors and others and offers several resources such as job ...
NYC Joins With IBM to Create Web Portal for Technology Startups  Bloomberg
NYC Mayor Signs Executive Order Expanding Living Wage Law
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GM September 2014 Sales Grow 19 Percent, Pickups on Top
General Motors made positive waves in September, after a minor one-percent sales decrease in August. On the strength of a very solid showing from the Chevrolet Silverado and GMC Sierra pickups, GM improved sales by 19 percent to 223,437 vehicles sold.
GM Sales Soar 19% in September on Pickups, SUVs  24/7 Wall St.
GM's US sales up 19 percent in September  New Zealand Herald
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UPDATE 2-Bank of America names CEO Moynihan chairman of board
(Adds history of changes to the bank's board). By Peter Rudegeair. Oct 1 (Reuters) - Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
BofA chief Moynihan adds chairman role  Financial Times
Bank of America Board Gives Chairman Job to Brian Moynihan  Wall Street Journal
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Saudis Lower Oil Prices in Competition for Asian Buyers
Saudi Aramco dropped its official selling price to Asia to the lowest level since 2008 as it aims to gain market share in the fastest-growing region for petroleum demand.
Free trade in crude oil is in US interests: Kemp  Reuters
Oil futures hit fresh lows despite supply decline  MarketWatch
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