Pimco Replaced by BlackRock at $6 Billion Prudential Fund

Pacific Investment Management Co., seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial Inc.

Capital spending softens, but consumer confidence rises

(Reuters) - Demand for U.S.-made capital goods recorded its biggest drop in eight months in September, a cautionary note for an economy that otherwise seems to be moving forward at a steady clip.

ECB's Praet says risk of price deflation limited: paper

(Reuters) - The risk of price deflation in the euro zone is limited and ECB figures suggest a much lower probability than those of the International Monetary Fund, ECB chief economist Peter Praet told two Belgian newspapers.

Record Bets Against Japan Stocks Tell Investors Time to Buy

As bets pile up against Japanese stocks, investors with $293 billion in client assets see the pessimism as a signal to buy. History is on their side.

Market jolt is reality check for investors

NEW YORK (AP) -- Sometimes a little fear is healthy for stock investors. Nine days ago, after a series of sharp sell-offs, the Standard & Poor's 500 index was down 7.4 percent from its September record as fears of a global economic slowdown intensified.