Pimco sees $23.5 billion fly away after bond king Gross’ exit
Since Bill Gross, known as the ‘Bond King’, resigned from Pimco, a total of $23.5 billion in funds has left the American global investment...
Fat finger error ordered $600 billion in stocks and then cancelled, Japan
Stock markets in Japan received a jolt when a ‘fat finger error’ sparked over $600 billion worth of orders and then cancelled them. An...
General Motors sales surge 19 percent in September
General Motors Inc. posted a 19% increase in sales in September compared to the same month last year, a welcome rebound after August’s slide....
Ivanhoé completes $1.24 billion sale of 14 properties to Cominar
Ivanhoé Cambridge and Cominar Real Estate Investment Trust has completed a $1.24 billion sale of 14 properties.
Cominar acquired Ivanhoé Cambridge’s interests in 10 shopping...
Royal Bank of Canada will not spin off its US proprietary-trading business
The Royal Bank of Canada will not be spinning off its US proprietary-trading business into a hedge fund after American regulators rejected their proposal.
It...
PepsiCo releasing new soda containing stevia called Pepsi True
PepsiCo Inc. is going to be releasing a new soda called Pepsi True, which contains no artificial sweeteners or corn syrup, and contains 60 calories...
Dollar will continue rising for at least two years
Most analysts in Europe predict that the US dollar will continue rising for at least the next two years. Its relentless increase was evident...
General Mills to reduce workforce by 700 to 800
American Food giant General Mills Inc. said in a filing with federal securities regulators on Tuesday that it was reducing its workforce by 700...
Employment grew by 213,000 in the private sector in September in the US
There were 213,000 more jobs in the private sector in September in the United State than in August, says the ADP National Employment Report,...
Two men accused of Herbalife stock insider trading
Two men were charged on Tuesday with insider trading on Herbalife shares. The Securities and Exchange Commission (SEC) said in a settled complaint that...