Gundlach said that now is the time to buy riskier bonds as the bond market selloff is near to end. (Photo : Reuters)This is DoubleLine Capital's head Jeffrey Gundlach.
People
Kim: World Bank aims 3% reduction in poverty
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
Mayors: Cap on municipal bond would hinder growth
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Pekao Seeking New Acquisitions
Pekao, after failing to purchase Nordea Bank Polska, is now seeking out new acquisitions. (Photo : Reuters)The image is the corporate logo of Bank Pekao SA.
Russian mogul bids to rule Swiss steelmaker
Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach. (Photo : Reuters)Russian tycoon Viktor Vekselberg gives a speech in an assembly.
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SAC Capital’s Steven A. Cohen invoked his right to the Fifth Amendment after being summoned to testify before a grand jury about insider trading in his company.
Great Pacific Industries Inc. announced a proposed takeover bid for privatization valued at C$37 billion for Sun-Rype Products Ltd.
Bank of America Corp, the second biggest bank in the US by asset announced its new investment banking vice chairman, John Binnie from Moelis & Co.
Boyu seeks US$1.5 billion in its second offering after it has gained US$1 billion in its first fund in 2011, according to sources.
The Snowden saga caused a major problem on US secret surveillance programs, creating bigger headaches for its former company, Booz Allen Hamilton Corp and Carlyle Group LP.
Evy Hambro of BlackRock Inc said that a few gold miners would go out of business due to slumping prices and increasing costs.
David Neeleman is trying to put together $3.2 billion to regain JetBlue back and buy TAP-report (Photo : Reuters)Brazilian airline Azul owner, Davil Neeleman carrying a model plane.
Brevan Howard's trader who was supposedly involved in Libor investigation left the hedge fund. (Photo : Reuters)Citigroup official logo On Thursday, hedge fund, Brevan Howard, disclosed that it lost a trader who is supposedly associated with a large scale rate-rigging scandal.
More than 300 investors gathered at the Premoney Conference in San Francisco. (Photo : Reuters )Investors betting on a rise in stocks, bonds and commodities advised to make preparation for a loud sucking sound in their portfolios next month.
