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  • NEW YORK, Nov 5- Pacific Investment Management Co posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross, adding to the $25.5 billion of withdrawals the previous month, according to Morningstar data on Wednesday. According to Morningstar's calculations, Pimco Total Return Fund suffered an...

  • EXCLUSIVE-Firms drop Pimco funds from managed accounts Wednesday, 5 Nov 2014 | 6:01 PM ET

    Nov 5- Charles Schwab Corp, Wells Fargo Advisors and Raymond James& Associates have all dropped Pimco funds from some investment portfolios they offer clients over the past several weeks, following the September resignation of fund manager and company co-founder Bill Gross. Pacific Investment Management Co has seen huge outflows since Gross, who ran the...

  • Nov 5- Prudential Financial Inc, the second-largest U.S. life insurer, reported a quarterly profit that fell short of market estimates by a wide margin, mainly due to losses tied to its derivatives program. The company reported operating earnings on an adjusted basis of $2.20 per share, well below the average analyst estimate of $2.41 per share.

  • BRASILIA, Nov 5- The Brazilian Senate approved a bill on Wednesday that lowers the debt burden of states and municipalities, opening the way for regional governments to spend more at a time of growing concern about the country's fiscal health. The bill, which was supported by government lawmakers as well as the opposition, will add pressure on newly re-elected...

  • Argentina Par holders eye group to control acceleration Wednesday, 5 Nov 2014 | 4:02 PM ET

    NEW YORK, Nov 5- Holders of Argentina's defaulted Par bonds are banding together to increase their leverage with the sovereign, using the threat of possible payment acceleration to solidify their position. About a dozen funds have been in talks with Chicago law firm Kirkland& Ellis, sources told IFR, with an eye to gaining at least 50% control over a single bond...

  • Nov 5- Charles Schwab Corp. has dropped the Pimco Total Return Fund from its Schwab Managed Portfolios mutual fund platform, a spokeswoman said Wednesday, citing organizational changes at Pacific Investment Management Company as the catalyst for the change. Charles Schwab Investment Advisory, the division that manages the Managed Portfolios platform,...

  • *Stocks rise as Republicans take control of U.S. Senate. NEW YORK, Nov 5- U.S. Benchmark yields approached the 3-1/ 2 week highs set earlier this week as Wall Street opened higher partly on news that Republicans took over control of the U.S. Senate after Tuesday's elections.

  • NEW YORK, Nov 5- U.S. stock index futures pointed to a higher open on Wednesday after the Republican Party took control of the Senate in the midterm elections, as expected, and following a report on the labor market that was stronger than expected. Futures rose on relief that the election results were clear, with the upcoming Senate majority party not in doubt.

  • NEW YORK, Nov 5- U.S. stock index futures were higher on Wednesday after the Republican Party took control of the Senate in the midterm elections, as had been expected, while investors looked ahead to data expected to show improvement in the labor market. *Futures rose on relief that the election results were clear, with the upcoming Senate majority party not in...

  • LONDON, Nov 5- Sweeping Republican party wins in U.S. mid-term elections pushed the dollar to a seven-year high against the yen and lifted U.S. stock futures on Wednesday, as more soft data from China left oil at its lowest in four years. Republicans rode a wave of voter discontent to secure control of the U.S. Senate and strengthen their grip on the House of...

  • BOJ to survey JGB dealers on functioning of bond market Wednesday, 5 Nov 2014 | 3:47 AM ET

    TOKYO, Nov 5- Acting in the wake of the surprise expansion of its quantitative easing programme, the Bank of Japan said on Thursday that it will survey government bond dealers once a quarter to check how well the debt market is functioning and collect views on yields. Last Friday, the BOJ announced that it was expanding its quantitative easing by increasing...

  • TOKYO, Nov 5- The dollar and U.S. stock futures pushed higher on Wednesday after Republicans scored a sweeping victory in U.S. mid-term elections, while Asian shares wilted and oil prices extended losses after more soft economic data from China. Financial spreadbetters expected the equities gloom to lift in early European trade, predicting Britain's FTSE 100...

  • Nov 5- New York State voters appeared set to approve a controversial plan to raise $2 billion in a bond sale to spend on technology and facilities improvements at schools in the state, according to the state's website and local media. With 86 percent of election districts reporting, 48.5 percent of votes favored the bond, nearly 30 percent were against, and 22...

  • TOKYO, Nov 5- Japanese government bond prices slipped on Wednesday as investors booked gains after a Bank of Japan-inspired rally. Immediate focus was on the 2.4 trillion yen 10- year JGB auction, the first major debt sale the Ministry of Finance is conducting after Friday's BOJ easing. The Government Public Pension Fund, the largest public pension fund in the...

  • NEW YORK, Nov 4- Pacific Investment Management Co suffered a record $27.5 billion in withdrawals from its flagship Pimco Total Return Fund in October, extending large net outflows following Bill Gross' surprise resignation from the firm. The redemptions surpassed the $23.5 billion reported in September, according to a statement on Tuesday from Newport Beach,...

  • *Alibaba rises after results, Priceline falls. NEW YORK, Nov 4- The S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares and Priceline's earnings forecast disappointed. The S&P 500 energy sector fell 1.9 percent, extending the group's recent drop, the Energy Select Sector SPDR ETF dropped 2.1 percent, and Chevron...

  • *Alibaba rises after results, Priceline falls. NEW YORK, Nov 4- The S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares and Priceline's earnings forecast disappointed. The S&P 500 energy sector fell 1.9 percent, extending the group's recent drop, the Energy Select Sector SPDR ETF dropped 2.1 percent, and Chevron...

  • *European Commission cuts forecast for euro zone growth. A Reuters report that suggested some national central bankers sought to challenge Mario Draghi's leadership style raised doubts whether the European Central Bank could step up efforts to stimulate the region's businesses and borrowing. The Commerce Department said the trade deficit grew 7.6...

  • US STOCKS-Wall St falls as energy continues slide Tuesday, 4 Nov 2014 | 12:20 PM ET

    *Alibaba rises after results, Priceline falls. U.S. crude oil fell 2.9 percent to $76.46 per barrel, dropping to its lowest level in about three years after Saudi Arabia cut sales prices to the United States. The Energy Select Sector SPDR ETF fell 2.3 percent to $84.09, while Chevron Corp fell 1.3 percent to $115.32.

  • *European Commission cuts forecast for euro zone growth. NEW YORK, Nov 4- U.S. Benchmark U.S. yields also retreated from 3-1/ 2- week highs set on Monday as crude prices fell to four-year lows in London on news top oil exporter Saudi Arabia cut its sales prices to the United States.