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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 12-22
  • ECB to flesh out asset-purchase plan it hopes will buoy euro zone

    FRANKFURT (Reuters) - The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation. The ECB plans to buy asset-backed securities...
  • PayPal spawn have advanced where PayPal stood still

    SAN FRANCISCO (Reuters) - PayPal's biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal...
  • Pimco investors withdrew $23.5 billion last month, mostly on Gross' departure

    Pimco investors withdrew $23.5 billion last month, mostly on Gross' departure
    Investors pulled another $23.5 billion out of the Pimco Total Return Fund last month as "bond king" Bill Gross stepped down, Pacific Investment Management Co. said Wednesday. It was the largest outflow ever from the world's largest managed mutual fund....
  • Pimco Total Return Fund posts record $23.5 billion net outflow in September

    (Reuters) - Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm....
  • Council candidate Peterson rocks a financial perspective

    Council candidate Peterson rocks a financial perspective
    Huntington Beach City Council candidate Erik Peterson, a punk rocker back in his teenage days, still enjoys a TSOL concert every now and then. But Peterson, now 46, says he has a plan to improve the city while not sticking it to the man. "The...
  • UK must restore aid for Sierra Leone and Liberia: report

    LONDON (Thomson Reuters Foundation) - Britain must restore planned cuts in its aid budget for Sierra Leone and Liberia in light of the Ebola crisis sweeping through West Africa, a parliamentary committee said on Thursday. The Department for International...
  • 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. du Pont de Nemours and Co , who...
  • Britain's Hill charms but fails to sway EU lawmakers

    BRUSSELS (Reuters) - The installation of a new executive team for the European Union hit a first major obstacle on Wednesday when EU lawmakers ordered Britain's Jonathan Hill to return next week to try again to convince them he could be trusted to oversee...
  • Riviera Beach port could get Nassau cruises

    Riviera Beach port could get Nassau cruises
    The Port of Palm Beach could be getting a new multiday cruise operator soon. PV Enterprises International Inc. is seeking to start cruise operations from the Riviera Beach port to Nassau, Bahamas, and possibly before the end of the year. Port...
  • Pennsylvania judge says Scranton can't tax commuters to fix pensions

    HARRISBURG Penn. (Reuters) - A Pennsylvania judge on Tuesday rejected the cash-strapped city of Scranton's bid to solve its municipal pension woes with a new commuter tax. The 0.75 percent tax on commuters' earned income was supposed to have gone into...
  • Goldman's Petershill II fund takes stake in hedge fund Caxton

    LONDON/BOSTON (Reuters) - Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday. Caxton, founded 31...