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Financials Bill Gross


  • NEW YORK, Oct 8- Famed bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying he was driven out of the bond fund giant he helped found by a greedy "cabal" of executives who wanted his huge bonus for themselves. In a complaint filed on Thursday in the California Superior Court in Orange...

  • NEW YORK— Billionaire bond investor Bill Gross has sued his former employer, Pimco, for more than $200 million for breach of contract and plotting to oust him from the firm he founded more than four decades ago. He remains an economic adviser for German insurer Allianz SE, Pimco's parent company. Gross founded Pacific Investment Management Co., better known as...

  • Behind Bill Gross' lawsuit against PIMCO Thursday, 8 Oct 2015 | 1:15 PM ET
    Behind Bill Gross' lawsuit against PIMCO

    CNBC's Brian Sullivan details the "spy novel" plot behind why PIMCO founder and former CIO Bill Gross is suing PIMCO, saying the company's "improper, dishonest and unethical behavior must now be exposed."

  • Bill Gross sues Pimco for at least $200M Thursday, 8 Oct 2015 | 11:04 AM ET
    Bill Gross

    Bond guru Bill Gross is suing Pimco, the company he founded decades ago.

  • Bill Gross suing PIMCO Thursday, 8 Oct 2015 | 11:04 AM ET
    Bill Gross suing PIMCO

    Former PIMCO founder and CIO Bill Gross sues PIMCO, saying the company's "improper, dishonest and unethical behavior must now be exposed."

  • NEW YORK, Sept 25- Dan Ivascyn, who succeeded Bill Gross as Pimco's chief investment officer a year ago, said while he is pleased fund performance has improved, it has been "challenging" stabilizing one of the world's largest asset managers over the last 12 months. Pacific Investment Management Co, which oversees $1.52 trillion as of June 30 with more than 2,400...

  • Pisani: Here's why buying interest has dried up Wednesday, 23 Sep 2015 | 3:56 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Another lackluster trading session

  • Bill Gross to the Fed: 'Get off zero, now!' Wednesday, 23 Sep 2015 | 10:32 AM ET
    Bill Gross

    The widely followed manager said the Fed's aversion to normalizing is having negative effects throughout the economy.

  • NEW YORK, Sept 23- Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, urged the U.S. central bank on Wednesday to "get off zero and get off quick" as zero-bound levels are harming the real economy and destroying insurance company balance sheets and pension funds. "Do central bankers not observe that Detroit, Puerto Rico, and soon...

  • Bill Gross to Fed: Get off zero, get off quick Wednesday, 23 Sep 2015 | 8:20 AM ET
    Bill Gross to Fed: Get off zero, get off quick

    Janus manager Bill Gross has some advice for the Federal Reserve on interest rates Wednesday morning.

  • Fed didn't want to increase dollar strength: Gross Thursday, 17 Sep 2015 | 2:25 PM ET

    Bill Gross, Janus Global Unconstrained Bond Fund, Janus, offers his perspective on the Fed decision to leave rates unchanged.

  • NEW YORK, Sept 14- This fall, Boston- based fund giant Fidelity plans to celebrate the 25- year tenure of William Danoff, head of the biggest fund run by a single manager in the U.S. and arguably the best-performing large cap manager of his time. "There is a key man risk with Contrafund," said Katie Rushkewicz Reichart, an analyst at Morningstar who covers the fund.

  • Gross: Jobs number sufficient to hike this year Friday, 4 Sep 2015 | 1:55 PM ET
    Bill Gross

    August's job number is sufficient proof enough for the Fed to raise interest rates in either September or December, Bill Gross says.

  • Bill Gross: Jobs data sufficient for Sept. or Dec. hike

    Bill Gross of Janus Global Unconstrained Bond Fund, reacts to the U.S. jobs number, and the impact of monetary policy on the U.S. economy.

  • LONDON, Sept 4- Despite a brutal sell-off of financial assets last week and volatility that reached its highest since the 2008-2009 crisis, predictions of a systemic market breakdown have proven wide of the mark so far. U.S. blue-chips saw their biggest intraday tumble on record, China suffered its biggest sell-off since 2007 and the VIX volatility gauge rose...

  • Fed says activity expanding. Is rate hike next? Wednesday, 2 Sep 2015 | 2:23 PM ET
    A customer counts his money as he prepares to pay for merchandise at a Best Buy Co. store in Preoria, Ill.

    Most of the country is experiencing solid growth, with only the energy sector providing a drag, the Federal Reserve reported Thursday.

  • Fed missed rate-hike opportunity: Bill Gross Wednesday, 2 Sep 2015 | 10:45 AM ET
    Bill Gross

    Bill Gross said the Fed may have missed its window of opportunity to hike rates and normalizing now could create "self-inflicted instability."

  • NEW YORK, Sept 2- Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now could create "self-inflicted" instability. In his September Investment Outlook report, Gross wrote that his concept of a...

  • But a counter flow- call it "quantitative tightening"- is gathering force as China sells foreign exchange reserves to protect its economy and markets from the recent surge of capital out of the country. Analysts at Citi estimate that global FX reserves have been depleted at an average pace of $59 billion a month in the past year or so, and closer to $100 billion over...

  • COLUMN-From China: quantitative tightening: James Saft Thursday, 27 Aug 2015 | 3:35 PM ET

    Aug 27- Money is flowing out of China at a quickening pace, leading to Beijing selling currency reserves in what amounts to a global quantitative tightening. Now the money is going the other way, a trend which accelerated after China experimented with a devaluation and a new semi-flotation of its yuan. Whereas China had been spending down its reserves at a more...