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Bill Gross

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  • NEW YORK, Oct 21- Ford Motor Co said on Tuesday the company will drop the Pimco Total Return Fund from its 401 k plan as a result of the sudden departure of Bill Gross. Effective Nov. 14, 2014, the Pimco Total Return Fund is being removed from Ford's investment lineup. " Gross, one of the bond market's most renowned investors and the former manager of the flagship Pimco...

  • Ford drops Pimco from 401(k) on Gross departure Tuesday, 21 Oct 2014 | 4:56 PM ET
    The 2014 Ford F-150.

    The sudden departure of Bill Gross prompted the move.

  • NEW YORK, Oct 21- If you are the kind of steadfast investor who buys a mutual fund and holds it forever, prepare to pay for your loyalty next April, when you settle up your 2014 tax bill. That is true of stock mutual funds that sold off last week after carrying forward big gains from 2013, and also may be true of the popular Pimco Total Return Fund, which was thrown a curve...

  • Gross gone, but El-Erian just says no to Pimco Tuesday, 21 Oct 2014 | 8:28 AM ET
    Mohamed El-Erian

    Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."

  • El-Erian: Bill Gross is a brilliant investor  Tuesday, 21 Oct 2014 | 7:06 AM ET

    Mohamed El-Erian, Allianz chief economic adviser, shares his thoughts on the departure of bond king Bill Gross and the future of Pimco.

  • Guess who is betting against Bill Gross and Janus Tuesday, 21 Oct 2014 | 6:00 AM ET
    Bill Gross

    Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.

  • NEW YORK, Oct 20- Dan Fuss, vice chairman and senior portfolio manager at Loomis Sayles, said he purchased some below investment-grade credits during last week's sell-off at "reasonably priced levels," bringing his portfolio cash levels down to 22 percent from 26 percent. "We bought some at reasonably priced levels but not fantastically cheap," said Fuss, who helps...

  • Russell Investments, Ft. Lauderdale fund ax Pimco Friday, 17 Oct 2014 | 8:49 AM ET
    Bill Gross

    Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.

  • Oct 17- Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Morgan Stanley's shares rose 5.7 percent to $34.40 in premarket trading on Friday. The stable fee income Morgan Stanley receives for advising individuals on their...

  • NEW YORK, Oct 16- Russell Investments and the Fort Lauderdale Police& Fire Retirement System said on Thursday they dropped Pacific Investment Management Co as the manager of their bond portfolios following the departure of Bill Gross in late September. Gross, who managed the Pimco Total Return Fund and co-founded the firm over 40 years ago, resigned on Sept. 26 to...

  • Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards. But that has left Goldman and a few other banks, including JPMorgan Chase& Co, to pick up clients and take advantage of...

  • Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity helped to boost trading revenue. Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, from $1.43 billion, or $2.88 per share, a year earlier. Revenue from bond-trading, a...

  • Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, in the three months ended Sept. 30 from $1.43 billion, or $2.88 per share, a year earlier. Revenue from bond-trading, a notoriously volatile business, increased 74 percent to $2.17 billion as strong U.S. economic data, stimulus measures by the European Central Bank, and the...

  • Pimco's Mather: Not changing Total Return Fund Tuesday, 14 Oct 2014 | 2:17 PM ET
    Scott Mather CIO of PIMCO.

    Pimco will not be changing its Total Return Fund in the wake of Bill Gross' sudden exit, the fund's new manager says.

  • Pimco's Total Return strategy  Tuesday, 14 Oct 2014 | 2:01 PM ET
    Scott Mather CIO of PIMCO.

    Scott Mather, Pimco CIO, discusses how the world's biggest bond fund is planning to stop outflows since the departure of Bill Gross.

  • More investors say goodbye to Gross-less Pimco Tuesday, 14 Oct 2014 | 9:04 AM ET

    The Arkansas Teacher Retirement System says it has cut ties with Pimco as the fallout continues since Bill Gross' abrupt departure last month.

  • JPMorgan posts profit as legal costs ease Tuesday, 14 Oct 2014 | 8:57 AM ET
    A JPMorgan sign outside the firm's Los Angeles, California offices.

    JPMorgan reported a third-quarter profit, as it moved past huge legal claims that caused it to book a rare loss in the same quarter last year.

  • Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The bank, confirming figures leaked earlier on an investment website, said it recorded net income of $5.6 billion, or $1.36 per share,...

  • Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank moved past the huge legal claims that caused it to book a rare loss in the same quarter last year, according to an apparently authentic document posted on website shareholder.com. A JPMorgan spokeswoman in the United States said she had no immediate comment. The URL of the statement...

  • NEW YORK, Oct 13- The Arkansas Teacher Retirement System terminated Pacific Investment Management Co, which managed about $475 million for its pension fund, following the departure of Bill Gross in late September, George Hopkins, executive director, said on Monday. Gross, one of the bond market's most renowned investors and the former manager of the flagship...