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Business

  • New Pimco chief could bring relief to fund giant
    NEW YORK – With Bill Gross' surprise departure from Pimco, 45-year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm.
  • PayPal, eBay going their separate ways
    NEW YORK – PayPal's impending split from longtime partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay.
  • US prices for homes lose steam
    WASHINGTON – U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale.
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Week Ahead

Tuesday

•Labor Department reports on job openings and releases labor turnover survey for March

•Federal Reserve releases consumer credit data for March

Thursday

•Labor Department releases employment data for April

•Freddie Mac, the mortgage company, releases weekly mortgage rates

•Commerce Department reports on wholesale trade inventories for March

•Selected chain retailers release April sales comparisons

Friday

•Treasury releases federal budget for April

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