In addition, CEO John Donahoe will step down as CEO of eBay once the split takes effect in 2015.
Vanguard and BlackRock could be prime destinations for assets that may flee Pimco in the wake of the sudden exit of Bill Gross.
U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey reported.
For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.
Think unrest overseas is causing the wild swings in the market? You're half right. But there's something else.
Financial advisors who opt to target client segments with whom they closely identify are finding fulfillment and profit in their endeavours.
Expectations of Fed tightening may spur fears of a rerun of emerging market turmoil, but Societe Generale tips a strong dollar as a bigger risk.
Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.
Bras, girdles and leggings infused with caffeine and sold as weight loss aids are being recalled by the FTC.
The American automaker heads into the fourth quarter needing a shot in the arm from its bread-and-butter truck: The F-Series.
Solar power could trump alternatives like fossil fuels, wind, hydro and nuclear to be the world's largest source of electricity by 2050, according to an energy watchdog.
A massive new study suggests that for some U.S. women, living through a recession can mean they will never have children.
U.S. video streaming site Netflix is to release its first movie — a sequel to the classic "Crouching Tiger, Hidden Dragon."
The measure signed by California Gov. Jerry Brown was inspired by the $2.5-million fine levied against Donald Sterling. The LA Times reports.
Microsoft plans to offer a glimpse of its vision for Windows this week, as its CEO seeks to recover from missteps with its flagship operating system.
The European Commission has confirmed it believes Apple and Ireland breached guidelines on state aid over Apple's Irish tax arrangements.
Protesters in Hong Kong showed no signs of backing down on Tuesday, blocking roads in the early hours and paralyzing the heart of one of Asia's most important financial centers.
Morningstar downgraded Pimco's Total Return fund on uncertainty regarding outflows and management following the departure of Bill Gross.
Many investors with money in IRAs or 401(k) plans struggle with what to do with funds when life circumstances change. A look at options.
Odds are the stock market will have a pretty good fourth quarter after it begins on Wednesday, but it's almost certain to be a volatile one.