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EBay to spin off PayPal in 2015

- EBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company.

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Morningstar strips Pimco Total Return Fund of its gold rating

- Morningstar downgraded its analyst rating on the Pimco Total Return Fund to "bronze" from "gold", citing uncertainty about outflows and the reshuffling of management responsibilities after the exit of co-founder Bill Gross.

5:15am EDT

Retirement plan advisers set to flee Pimco after Gross exit

- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts-based firm that advises 401(k) plans with $50 million to $100 million in assets. He's advising clients to head for the exits.

1:28am EDT

SoftBank considers stake in Legendary Pictures: report

TOKYO - Japan's SoftBank Corp has been in talks to take a minority stake in privately held movie studio Legendary Pictures, entertainment trade publication The Hollywood Reporter reported on Tuesday.

Entertainment, Deals, Japan 5:26am EDT

Lufthansa pilots' 15-hour strike affects 9,000 travelers

FRANKFURT - Lufthansa pilots threatened further strike action on Tuesday as they began a 15 hour walkout at Frankfurt airport in a row with management over retirement benefits that stretches back two years.

6:13am EDT

Euro zone inflation slows in September, weakens euro versus dollar

BRUSSELS - Euro zone inflation slowed further in September on falling prices of unprocessed food and energy, a first estimate showed on Tuesday, sending the euro lower against the dollar on expectations of further European Central Bank policy easing.

6:30am EDT

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