WASHINGTON, March 5- U.S. auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata Corp air bags in millions of cars that remain on American roads despite massive recalls initiated by automakers. Rosekind, a former member of the National Transportation Safety Board, which investigates major...» Read More
*Athens hopes to wean itself off bailout plan early. In Berlin earlier this week, Samaras for the first time publicly acknowledged that Athens hoped to wean itself off a 240- billion-euro EU/IMF aid package a year before its scheduled end in early 2016..
NEW YORK, Sept 26- U.S. stocks rose modestly at the open on Friday after major indexes suffered their biggest drop since July, as data showed the economy grew at its fastest pace in more than two years.
NEW YORK, Sept 26- Bill Gross, one of the bond market's most renowned investors, is leaving Pimco, the investment firm he founded and with which his name has been effectively synonymous, for rival asset management firm Janus Capital Group, Janus said on Friday.
LONDON, Sept 26- Britain's financial regulator has intensified talks with six major banks over allegations of collusion and manipulation in the foreign exchange market, setting the stage for a group settlement that could cost them close to 2 billion pounds.
*Raise concerns about European Commission structure. BRUSSELS, Sept 26- Anger among left-wing EU lawmakers at the choice of a Spanish conservative to run the bloc's climate change policies could disrupt the process of installing a new executive for the European Union in the next month.
PARIS, Sept 26- European shares trimmed their gains in afternoon trade as shares of German insurer Allianz sank on news fund manager Bill Gross was leaving Allianz's asset-management unit Pimco. Gross, one of the bond market's most renowned investors, will be joining Pimco's rival Janus Capital Group, Janus said on Friday.
NEW YORK, Sept 26- U.S. stock index futures were pointing towards a flat open on Friday after major indexes suffered their biggest drop since July, and data showed the economy grew at its fastest pace in more than two years.
WASHINGTON, Sept 26- The U.S. economy grew at its fastest pace in 2-1/ 2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year. The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate.
TORONTO, Sept 26- BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday and said it was concentrating on growth and investments, even as concerns about weak revenue linger. John Chen, who became BlackBerry's chief executive officer in November, is "coming up to one year, and it's still declining by big numbers," Gillis said.
Sept 26-* William Gross' latest resignation from PIMCO was going to be accepted tomorrow and he resigned before that- source. *There is a detailed succession plan ready to be announced at PIMCO- source. *PIMCO's William Gross had been clashing with the executive committee and had threatened to quit multiple times- source.
GROSS HAS WALKED AWAY FROM PIMCO WITHOUT A SEVERANCE PACKAGE- SOURCE.
LONDON/ BRUSSELS, Sept 25- A row over how strictly new rules on bankers pay are enforced in Britain and across Europe flared on Friday after the European Union banking regulator was reported to be preparing to clamp down on allowances being paid to staff.
PIMCO WAS THOROUGHLY PREPARED FOR GROSS' EXIT, PIMCO WAS NOT CAUGHT UNAWARE- SOURCE.
THERE IS A DETAILED SUCCESSION PLAN READY TO BE ANNOUNCED AT PIMCO- SOURCE.
WILLIAM GROSS' LATEST RESIGNATION FROM PIMCO WAS GOING TO BE ACCEPTED TOMORROW AND HE RESIGNED BEFORE THAT- SOURCE.
PIMCO'S WILLIAM GROSS HAD BEEN CLASHING WITH THE EXECUTIVE COMMITTEE AND HAD THREATENED TO QUIT MULTIPLE TIMES- SOURCE.
Sept 26- Bill Gross, one of the bond market's most renowned investors, is leaving Pimco, the asset management firm he founded, for rival asset management firm Janus Capital Group, Janus said on Friday.
Sept 26- Shutterfly Inc shareholders Marathon Partners Equity Management LLC and Mario Cibelli said on Friday that they would support the potential sale of the online photo-sharing service provider. Cibelli is the managing member of Marathon Partners and has a 5.29 percent stake in Shutterfly.