(Adds Pimco Total Return Fund's peak in assets, Bernanke appointment). By Jennifer Ablan. May 4 (Reuters) - The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.
(Reuters) - Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more.
WASHINGTON - Orders to United States factories rose in March for the first time since July, breaking a long stretch of weakness. Orders increased 2.1 percent after seven monthly declines, the Commerce Department reported Monday.
WASHINGTON�The Supreme Court said on Monday it would consider whether a federal regulator overstepped its authority with a rule to promote energy conservation using incentives for big energy consumers to cut power use.
Federal Reserve Bank of Chicago President Charles Evans said the Fed should wait for more evidence that wages are rising before raising interest rates, and he repeated his call to hold borrowing costs near zero until 2016.