Billionaire investor George Soros has yanked his roughly $500 million investment with "bond king" Bill Gross, the WSJ reports.» Read More
Ultra-easy central bank policies are about to come back to bite the economy, Gross said in his latest letter to investors.
Bill Gross associate Paul McCulley is stepping down as Pimco's chief economist and managing director.
Investment guru Bill Gross projected that the Fed will raise rates this year, but that a cautious approach will ease the pain.
Some of Thursday's midday movers:
Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.
U.S. stock index futures signaled a higher open as all eyes were fixed on the ECB Mario Draghi, who is expected to announce a bond-buying program.
Value investor Mario Gabelli told CNBC he's buying stocks in these three financial institutions.
More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.
Some of Wednesday's midday movers:
Bond guru Jeffrey Gundlach said he expects the Fed to raise rates in 2015, but not on the strength of economic fundamentals.
Pimco denies a report that co-founder Bill Gross received a $290 million bonus in 2013.
Pimco posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross.
Pimco saw a record $27.5 billion in withdrawals from Pimco Total Return Fund in October, extending large net outflows following Bill Gross' departure.
Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."
Bill Gross's new employer saw a 7 percent increase in short interest in the past month, according to new data.
Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.
Goldman Sachs is in discussions to acquire IndexIQ, an exchange-traded fund provider, according to three sources familiar with the situation.
The Arkansas Teacher Retirement System says it has cut ties with Pimco as the fallout continues since Bill Gross' abrupt departure last month.
Market internals have deteriorated dramatically, which may indicate its time for a bounce.
Take a look at some of Wednesday's midday movers: