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U.S. markets news

U.S. stocks drop on earning concerns; Dow falls 1.40% - U.S. stocks fell on Wednesday on concerns third-quarter earnings may disappoint, while soft U.S. data also pushed stock prices lower.
Wall Street tumbles 1% on Ebola fears; small caps drop  Economic Times
How the Dow Jones industrial average did Wednesday  Washington Post   Related articles »  
UPDATE 4-GM sees first European profit in 2016 after years of losses
(Adds link to Breakingviews column). By Ben Klayman. MILFORD, Mich. Oct 1 (Reuters) - General Motors Co said on Wednesday it expects in 2016 to ring up its first profit in Europe in more than a decade and that it will also hit targeted North American ...
GM looks to new vehicles, China to boost profit  Washington Post
CEO Barra Pledges Profit Gains as GM Looks Past Recalls  Businessweek
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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.
Manufacturing Growth Slightly Slows in September  Wall Street Journal
Pace of US factory activity slipped in September  Businessweek
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Frannie's Courtroom Crushing
U.S. District Judge Royce C. Lamberth on Tuesday tossed out challenges from some investors to the government's sweep of profits at the two giant mortgage finance companies, instituted in 2012.
Ackman Bet on Freddie Mac, Fannie Mae Sours After Dutch IPO  Bloomberg
The End Of The Fannie And Freddie Stock Boom?  Forbes
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Argentina's Central Bank Governor Resigns After Long Rift
Argentina's central bank governor, Juan Carlos Fabrega, resigned on Wednesday after a long tussle with the government over whether policymaking should focus on taming rampant inflation or spurring growth in the slowing economy.
'Vultures' hover over Argentina -US relations  Washington Post
Argentina Central Bank President Fabrega Resigns, Spokesman Says  Businessweek
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City launches online hub for tech companies, entrepreneurs
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 Launches Website For Tech Businesses  CBS Local
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$23 Billion Is Pulled From Pimco's Flagship Fund
updated at 5:43 p.m.. Pimco's flagship fund, once billed as the world's biggest bond fund, is shrinking fast. In September, investors pulled $23.5 billion from the Pimco Total Return Fund, with the largest redemptions coming on Sept.
New Pimco Captain's Style: More Teamwork, Fewer TV Cameras  Wall Street Journal
Fitch: Pimco Closed-End Funds Get New Management; Preferred Ratings Stable  MarketWatch
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ADP Employment Report Shows Healthy Job Gains for September
ADP's proprietary private payrolls jobs report gives us a monthly gain of 213,000 private sector jobs for September 2014. August's ADP private payroll gains were 202,000.
ADP: Businesses Add 213000 Jobs in September  NEWS.GNOM.ES
Private gauge of hiring bodes well for September  The State
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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.
September 2014 New Auto Sales: GM Sales Spike On Strong Demand For Its ...  International Business Times
GM's US sales up 19 percent in September
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BofA Board Names CEO Brian Moynihan Chairman
Bank of America Chief Executive Brian Moynihan has been named chairman, effective immediately. The lender said Wednesday that its board of directors elected Moynihan to succeed Charles "Chad" Holiday Jr.
Bank of America names CEO Moynihan chairman of board  Reuters
Bank of America Board Gives Chairman Job to Brian Moynihan  Wall Street Journal
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