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U.S. markets news

Reddit's Cryptocurrency Could Have Many Uses
Reddit is considering creating a cryptocurrency backed by shares of the company. These shares would then be redistributed back to the community in recognition of the role it has played in the site's success.
Snoop Dogg and Jared Leto buy stake in Reddit as A-list invests $50m  Belfast Telegraph
Reddit raised $50 million, plans to share stocks with users  USA TODAY
New York Times   Related articles »  
Bill Gross May Be Gone, but His Strategy Lives On at Pimco
Photo. Daniel Ivascyn, one of Pimco's six deputy chief investment officers.Credit Steve Marcus/Reuters. The king may have departed, but at Pimco, his investment thesis lives on.
Ivascyn Faces $23.5 Billion Headache as Investors Redeem  Bloomberg
$23 billion pulled from Pimco fund  Los Angeles Times
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Stringer Faults New York City on Diversity of Its Vendors
Comptroller Scott M. Stringer unveiled a letter-grading system on Wednesday that rates New York City agencies in terms of their spending on goods and services provided by businesses owned by women and minorities.
Comptroller Stringer Gives New York City a 'D' on Push for Minority ...  Wall Street Journal
City Comptroller: Expansion of Living Wage Law Lacks Independent Oversight  NY1
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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.
Wall Street tumbles on Ebola fears; small caps drop  Reuters
US stocks sink on economic, Ebola worries  Sydney Morning Herald
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Pepsi True to launch only on Amazon
Pepsi True is made with sugar and stevia (a sweetener made from stevia leaf extract) and contains about 30% fewer calories than regular Pepsi.
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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Bank of America names CEO Moynihan chairman of board
REUTERS - Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately. He succeeds Charles "Chad" Holliday, the former chief executive of the chemical company E.I.
Bank of America Chief Moynihan to Add Chairman Role  New York Times
Bank of America Board Gives Chairman Job to Brian Moynihan  Wall Street Journal
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WTI Trades Near 17-Month Low on Cushing Stockpiles; Brent Steady
West Texas Intermediate traded near the lowest price in more than 17 months after government data showed crude inventories expanded for a second week at the biggest U.S.
Oil set for biggest quarterly drop since 2012 on adequate supply  BusinessDay
US Set to Pass Saudi Arabia as World's Largest Liquid Petroleum Producer  VICE News
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Sheldon Adelson criticizes Internet gambling
Las Vegas Sands Corp. CEO Sheldon Adelson speaks at the Global Gaming Expo, Wednesday, Oct. 1, 2014, in Las Vegas. Las Vegas Sands Corp.
Sheldon Adelson Speaks At Global Gaming Expo In Las Vegas  Getty Images
Casino mogul Steve Wynn: Casinos need to be bigger, better in order to survive  The Republican -
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EBay Faces Slower Growth, Increasing Competition Without PayPal
Now that eBay has agreed to shed PayPal, it may prove difficult to show it is better to be alone. Getty Images. Earlier this year, eBay Inc. EBAY -2.07% eBay Inc. U.S.
Biz Break: eBay second-guessed for PayPal spinoff, Apple rift eyed as cause  San Jose Mercury News
Why eBay and PayPal Broke Up  The New Yorker
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E-commerce exec jailed in eBay insider trading case
A former executive at GSI Commerce has been sentenced to 15 months in prison for insider trading related to the 2011 takeover of the e-commerce company by online retailer eBay.
Former eBay Executive Sentenced to Prison for Insider Trading  Wall Street Journal
Former e-commerce exec gets 15 months prison in eBay insider trading case  Reuters
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