Pacific Investment Management Co., which runs the world’s largest mutual fund , said it has been shifting funds to U.S. Treasuries and away from European debt over the past few months as it seeks the safest assets.
Pacific Investment Management Co., which runs the world’s largest bond fund, said investors should avoid so-called euro periphery nations such as Greece, Portugal, Spain and Italy as they struggle to cope with their sovereign debt burdens.
The Internal Revenue Service has appointed David Fisher, chief financial officer of the Government Accountability Office, as a senior executive to help the tax agency recover from the controversy over its scrutiny of small-government groups.
Despite the hoopla over dysfunction in Washington, the government can still do useful things. To prove it, the Food and Drug Administration should move aggressively to implement and then strengthen its proposed cancer warnings about tanning beds.
OptionsXpress Holdings Inc., the online broker with a record amount of cash, is likely to pay a special dividend by year-end as it seeks ways to use its money best in a “depressed” economy, Chief Executive Officer David Fisher said.
Delta Air Lines Inc. has added security to its meal production as the FBI and Dutch police investigate sewing needles found in sandwiches on four of the carrier’s July 15 flights from Amsterdam to the U.S.