NEW YORK, Oct 14 (Reuters) - U.S. bond fund management company Pacific Investment Management Co. or Pimco will serve as asset manager for the Federal Reserve's Commercial Paper Funding Facility, the Federal Reserve said on Tuesday.
State Street Bank and Trust Co. (STT.N) will serve as custodian for the facility, the Fed said. (Reporting by Jennifer Ablan and John Parry; Editing by Theodore d'Afflisio)
WASHINGTON (Reuters) - Senate Democrats moved closer on Monday to passing landmark healthcare legislation by Christmas after scoring a win in the first big test vote and gaining the support of a powerful lobbying group for doctors. | Video
Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010? Full Article
The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis. Full Article
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