Pimco’s Gross Boosts Government Debt, Cuts Mortgage Holdings (Bloomberg)

Oct. 15 (Bloomberg) — Bill Gross , who runs the world’s biggest bond fund at Pacific Investment Management Co. , increased holdings of government debt last month and cut mortgage bonds to the lowest level in more than four years.

Moody’s lowers Fortune Brands debt rating (AP via Yahoo! Finance)

Moody’s Investors Service on Wednesday lowered its rating on the long-term debt of Fortune Brands Inc. to the lowest rating still in investment grade territory, a move that affects $4 billion in debt.