Last Top Stories: Glamour is out at Pimco as it begins to recover from Gross exit

Glamour is out at Pimco as it begins to recover from Gross exit

NEW YORK Aug 4 Dan Ivascyn, who succeeded Bill Gross as Pimco's new chief investment officer nearly a year ago, acknowledges that life at the firm is now "less glamorous." Unlike Gross, who was widely known as "the Bond King" and has rarely been ... >> view original

Asian shares shake off losses, oil firms

TOKYO Asian shares extended gains on Tuesday, shrugging off downbeat economic data overnight that had pressured Wall Street, focusing instead on a key U.S. jobs report that could give valuable pointers to the timing of the Federal Reserve's planned ... >> view original

Big Detroit automakers all see sales climb in July - Pittsburgh Post

Robert Schemer, his wife, Kelly, and their son Graham, 9, pose next to their newly purchased pre-owned 2013 Ford Flex Limited, at the Star Ford Lincoln dealership in Glendale, Calif. Share with others: 0 inShare. By Brent Snavely and Greg Gardner ... >> view original

US consumer spending edges up in June

Personal spending, which measures what consumers spend on everything from doughnuts to dishwashers, rose 0.2% from a month earlier, the smallest gain since February, the Commerce Department said Monday. Consumer spending, which accounts for ... >> view original

Asia stocks uneven as weak China manufacturing weighs, US jobs data eyed

Traders Anthony Riccio, left, and Michael Urkonis work on the floor of the New York Stock Exchange, Monday, Aug. 3, 2015. Stocks are opening slightly lower in the U.S. as energy companies slide along with the price of crude oil. (AP Photo/Richard Drew) ... >> view original

Greek market hits the wall, banking stocks lead the plunge

ATHENS: Greeces stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that's crippled the economy and pushed the country's euro membership to the brink. Banks led the plunge following the shutdown, ... >> view original

RPT-India cbank not ruling out mid-policy rate cut - Rajan

(Repeats to attach to alerts, no changes to text). MUMBAI Aug 4 (Reuters) - The Reserve Bank of India is not ruling out acting outside its regular policy reviews and is awaiting further data, Governor Raghuram Rajan said shortly after the central bank ... >> view original

If You Shoot Big Game in Africa, Neither Delta Nor United Will Ship Parts of ...

The international indignation ignited by the death of Cecil the lion in Zimbabwe last month is persuading some airlines to consider their policy on the shipment of big-game carcasses and body parts (known in hunting parlance as “trophies”). On Monday ... >> view original

Puerto Rico economy: Government defaults on bond payment

Puerto Rico has confirmed that it failed to make a debt payment at the weekend, in the latest sign of the economic crisis in the US territory. The government said it did not have the funds available to pay more than $50m (£32m) due on bonds. The ... >> view original

Alpha is latest coal producer to file for bankruptcy

NEW YORK — Alpha Natural Resources Inc., one of the country's biggest coal producers, became the latest in a string of coal companies to seek bankruptcy protection amid a shift in the electric power sector brought on by cheap natural gas and stricter ... >> view original