North America
Top investors stay loyal to big name corporate founders
For good stock market bets, some top investors can't be too bothered by details like corporate profits: instead, they pick companies run by their founders.
Pimco Total Return Fund posts a record $27.5 billion in outflows in October
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.
Banks to launch new tool to fight hackers: WSJ
A group of cybersecurity firms funded by big banks plan to launch a platform that will allow financial companies to communicate faster about potential cyber breaches, the Wall Street Journal reported.
AIG beats third-quarter estimates, will buy back more shares
Insurer American International Group (AIG.N) on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations.