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Tokyo stocks tumble as weak global data spook markets; yen gains

TOKYO - Japanese stocks were knocked hard on Thursday as weak global manufacturing activity and an Ebola health scare in the United States spooked world markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold.

Recent Business News

Torrid U.S. car sales pace slowed in September

DETROIT - U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry's torrid summer pace is slowing.

01 Oct 2014

Bank of America names CEO Moynihan chairman of board

- Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.

01 Oct 2014

PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO - 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 computers.

Tech, Media 01 Oct 2014

Pimco Total Return Fund posts record $23.5 billion net outflow in September

- 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.

01 Oct 2014

Samsung Electronics profit seen bottoming in third quarter ahead of slow recovery

SEOUL - Samsung Electronics Co Ltd's profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup.

01 Oct 2014

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