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

Renault aims to reclaim lost ground with minivan turned SUV

PARIS - The minivan is dead, long live the SUVan. Renault has revamped the elderly Espace people carrier as a crossover sport utility vehicle as it seeks to relive the marque's past glories.

2:27am EDT

Tesco's 250-million-pound black hole: Who was minding the shop?

LONDON - "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound ($410 million) sized hole in its first-half profits.

2:03am EDT

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


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