Significant underperformance coupled with the exit of high-profile CEO Mohamed El-Erian caused Gross to re-evaluate the way he was running the firm.
DreamWorks may be looking to broaden its business beyond its successful the animated films by making investments online.
Former Canadian Finance Minister Jim Flaherty, 64, died on Thursday, just weeks after stepping down following eight years in his post.
It says drivers may continue to use the vehicles, but should contact BMW immediately if they see an engine warning light.
Can hedge fund losses hurt regular investors? Not on the face of it, but when funds in crowded stocks sell, other investors can feel it.
Apple is making some broad claims about what it owns and will have to make a strong case to prove it actually deserves as much as it is asking for.
Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.
Op-ed: When activist investors like Carl Icahn push a company to spend their cash or make board changes, there's a question they should ask first.
Overseas travelers are finding it easier to choose a credit card that doesn't take an extra cut for charges made abroad.
General Motors CEO Mary Barra calls the move "an interim step as we seek the truth about what happened."
Amazon plans to expand its Amazon Fresh offering beyond its current three markets, CEO Jeff Bezos confirmed.
With higher interest rates looming, investors are about to get schooled in the difference between investing in individual bonds vs. bond funds.
A deal to stave off a proxy fight with eBay was a win-win situation, activist investor Carl Icahn says.
Changing your password may not be enough to protect users from the security flaw known as the "Heartbleed bug", experts have warned.
Wearable tech looks beyond functionality with Misfit's unobtrusive metal disk called Shine. It attaches anywhere and lets users swim with it.
Sen. Marco Rubio and Rep. Tom Petri outline their plan for student-debt reform.
An Apple analyst says that the tech behemoth plans to release two new iPhones this year with different sized screens.
Greg Christie, the Apple designer responsible for many features of the iPhone interface, will retire this year. Re/code reports.
The U.S. insurance industry is as much as $9 billion short of the reserves it will need to ultimately pay asbestos claims, Fitch Ratings said.
Despite Facebook's $2 billion deal for Oculus, there are still plenty of hurdles virtual reality must clear.