NEW YORK (AP) - The stock market sank Wednesday, with the Dow Jones industrial average falling 250 points, on disappointing economic news and a slide in airlines stocks over Ebola fears.
(Corrects first and second paragraph to show that Fannie and Freddie are two of Pershing's smallest holdings, not largest.) Investors in the initial public offering of Pershing Square Holdings Ltd.
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.
Bank of America chief executive Brian Moynihan is taking on the added job of chairman, in a move that risks criticism from investors concerned at too much power in the hands of one person.
In the oil world, geopolitical risks seem to have taken a backseat - at least for now - and the focus is shifting to the growing crude oil surplus.