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  • *Gross exits Pimco, joins Janus Capital; bond prices fall. News that Gross, a Pimco co-founder who managed the $222 billion Pimco Total Return Fund, will be joining Janus Capital Group pressured short- and intermediate-dated U.S. Shares of Janus Capital ended up 43 percent at $15.89, the stock's best one-day advance in its history.

  • PARIS, Sept 26- BNP Paribas said on Friday its board had named Jean Lemierre, a former head of Europe's reconstruction bank, as the new chairman of France's biggest lender.

  • SAN FRANCISCO/ NEW YORK, Sept 26- Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL Inc.. Shares of Yahoo rose 4.4 percent to close at $40.60, while AOL jumped 3.7 percent to $44.55, both on Nasdaq.

  • NEW YORK, Sept 26- The legal war between comic book art great Jack Kirby's heirs and Marvel Entertainment over the rights to Iron Man, Captain America and other superhero icons has ended, not with a climactic final battle but with a settlement announced Friday by both sides.

  • WASHINGTON, Sept 26- The U.S. government on Friday said it has approved $2.5 billion in modifications and upgrades of used U.S. military vehicles that are to be sold separately to the United Arab Emirates as "excess" equipment.

  • *Pimco CIO Bill Gross joins Janus Capital. Treasuries prices dipped Friday on news that Pimco Chief Investment Officer Bill Gross is joining rival Janus Capital Group, which spurred concerns Pimco may have to sell Treasuries if investor redemptions at the firm increase.

  • BOSTON, Sept 26- Palo Alto Networks Inc's flagship next-generation security firewall ranks as the least effective in a new test of such equipment by NSS Labs, results that surprised some analysts because the product is widely considered an industry leader.

  • Sept 26- Lawyers who persuaded seven private equity firms to pay $590.5 million to settle lawsuits accusing them of conspiring to depress the prices of corporate buyouts before the financial crisis are seeking fees of about $195 million for their work.

  • PARIS, Sept 26- BNP Paribas said on Friday its board had proposed Jean Lemierre, a former head of Europe's reconstruction bank, as the new chairman of France's biggest lender.

  • Sept 26- Monsanto Co's experimental genetically engineered wheat, never approved for sale, has been found growing in a second U.S. state, and regulators said on Friday they could not explain how the plants escaped field trials that ended almost a decade ago.

  • US STOCKS-Wall St rallies but ends lower for week Friday, 26 Sep 2014 | 4:23 PM ET

    *Indexes up: Dow 1 pct, S&P 0.9 pct, Nasdaq 1 pct. NEW YORK, Sept 26- U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines and major indexes closed out their worst week of the past eight.

  • U.S.-Japan trade talks hit new farm exports snag Friday, 26 Sep 2014 | 4:16 PM ET

    WASHINGTON/ TOKYO, Sept 26- U.S.- Japan trade talks hit a rough patch this week with both sides blaming the other for a stalemate over farm exports, a major hurdle in concluding an ambitious 12- nation trade pact.

  • Sept 26- T. Rowe Price, the second largest shareholder in Allergan Inc, said on Friday that it wants the company to hold off on making major moves before a Dec. 18 special shareholder meeting, and criticized the board's corporate governance.

  • NEW YORK, Sept 26- Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm's executive committee that got progressively worse, according to sources familiar with the situation.

  • Fiat CEO endorses Italy PM Renzi's reform efforts Friday, 26 Sep 2014 | 4:05 PM ET

    AUBURN HILLS, Mich., Sept 26- Fiat Chrysler CEO Sergio Marchionne said on Thursday Italian Prime Minister Matteo Renzi must ignore critics and push ahead with plans to reform the country's economy.

  • NEW YORK, Sept 26- U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines, and major indexes closed out their worst week of the past eight.

  • HOUSTON, Sept 26- Brent crude futures ended flat on Friday as improving supply and concerns about tepid demand for oil in Europe and China offset concerns about the Middle East conflicts, while U.S. crude rose on supportive economic data from the United States.

  • SAN FRANCISCO, Sept 26- A U.S. judge on Friday sharply questioned provisions of a shareholder settlement that would release Hewlett-Packard Co executives from liability over the computing company's botched acquisition of Autonomy Plc.

  • Allianz leadership challenged as Pimco's Gross exits Friday, 26 Sep 2014 | 3:42 PM ET

    *Allianz shareholders call for stable leadership. *Contract of Allianz CEO, others up for renewal. FRANKFURT, Sept 26- German insurer Allianz suffered a humiliating blow on Friday with the resignation of renowned investor Bill Gross as leader of Pimco, the asset manager Allianz relies on for one fourth of its operating profit.

  • NEW YORK, Sept 26- Bill Gross, the bond market's most renowned investor, quit Pimco for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago.