Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
Firm Management
IBM moves retirees pension plan to health exchange
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
Monte dei Paschi to get capital hike
An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.
French tycoon forwards interest for Vivendi CEO position
After a disappointing recommendation for the next Vivendi CEO, Vincent Bollore throws hat into the ring for the position.
Generali to sell Telecom stake if no convincing plan is proposed
Generali Chairman Gabriele Galateri said that it had planned to exit the company through a stake sale unless it comes up with a convincing business plan.
Latest News
Fans of wearable devices said there is a huge market potential for the smartwatch. According to Reuters, a smartwatch is a device that could be revolutionary like the smartphone.
Reuters Factbox showed Microsoft's acquisitions and investments over the years had not been very lucrative for the company.
Foreign companies in China strengthened their compliance of laws as authorities continue their antitrust and corruption probes.
The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.
Daimler CEO Dieter Zetsche told a German newspaper that they would be constructing a new car plant in Brazil.
There are many options available to Telecom Italia, but there are specifics being searched for, according to its Chairman Franco Bernabe.
Startup firm BoostCTR had announced it had raised USD8 million in Series B funding and hired a new CTO for the firm.
Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.
Johnson & Johnson had launched a sale process for its Ortho Clinical Diagnostics unit valued at USD5 billion.
