(Reuters) - Bill Gross, the prominent bond investor, has sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, claiming that he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool. Show More Summary
In 2008, I was introduced to Andrew Dreskin and Dan Teree the founders of Ticketfly by a VC friend that knew I liked ‘yield management’ consumer plays. (I had been […]
School districts are investing in new and expanded initiatives in New York City and elsewhere.
$50 may not seem like much for a nest egg—unless you look at compound growth. From savings accounts to 401(k)s, we do the math.
Legendary bond investor Bill Gross is suing Pacific Investment Management Co., the firm he helped found. Gross left Pimco last year to join Janus Capital Group (JNS) in a haze of bitter accusations. On Thursday, Gross filed a complaint oozing with vitriol for his former employer, claiming damages “in no event less than $200 million.” […]
The investment manager is seeking at least $200 million from the bond giant he helped found.
LeBron James has decided not to renew his deal with McDonald's. Instead, he plans to serve as spokesman to Blaze Pizza, the fast-casual pizza chain that he's invested in for years, reports Darren Rovell at ESPN. "LeBron came on as a founding investor and he had been silent and in the background," co-founder Rick Wetzel told ESPN. Show More Summary
Unless you’ve been living under a rock, you’ve probably heard about the entrepreneur who famously got a $2 million investment after showing a presentation about nothing. Now, the same entrepreneur, Itay Adam, has created a new model for investors that builds on the ideas he used to secure funding. The [...]
Global investment in renewable energy and energy-smart technologies reached $70 billion in the third quarter, according to Bloomberg New Energy Finance. According to new figures published Wednesday by Bloomberg New Energy Finance (BNEF),...Show More Summary
Equal access to clean power and a shared investment in our infrastructure will make America greener Over the past few decades, "going green" has evolved from something a handful of elites discussed over tempeh and green tea to a national priority shared by the majority of Americans. Show More Summary
Its commitment to investment banking isn’t working out so well
The urgency of climate change demands solutions that work. So, a clear-eyed assessment of how well policies and programs perform is critical, no matter the results. Using rigorous evidence to inform policy design and implementation is the only way to ensure that we effectively confront climate change. read more
We recently reduced our price estimate for Dish Network to $71, primarily due to revision in the estimated value of Dish's spectrum holdings. Dish has made significant investments in spectrum over the past few years and currently owns licenses to approximately 75 MHz of spectrum nationwide, covering over 23 billion MHz-POPs. Show More Summary
To invest or not to invest, that’s the question on the mind of businesses large and small all across theRead the Rest...
Celebrity Chef Sanjeev Kapoor and Ravi Saxena, promoters of leading kitchen appliances firm Wonderchef, along with their two foreign partners have joined hands to together invest in the two-month old Mumbai-based food startup ZuperMeal. The will invest USD 2 million
In this Southeast Asian country where millions still live on $2 a day farming rice or fitting buttons onto shirts, Silicon Valley chip maker Intel raised eyebrows a decade ago when it launched a semiconductor factory here — the single largest American investment in the country ever. Now, the Santa...
Here is what you need to know. Deutsche Bank announced a huge writedown. German investment bank Deutsche Bank announced a €5.8 billion writedown of goodwill and a €600 million writedown on its 20% stake of Hua Xia Bank in China. The writedown has the bank projecting a €6.2 billion loss in the third quarter. Show More Summary
FIFA President Sepp Blatter, UEFA President Michel Platini and FIFA Secretary General Jerome Valcke have all been provisionally suspended for 90 days by FIFA’s adjudicatory chamber, chaired by Hans-Joachim Eckert, after being investigated over corruption allegations. Show More Summary
Is fast growth enough to justify investing in a tech company's IPO? If that growth comes with losses, the answer depends on the company's potential to earn a profit. And in the case of Mountain View, Calif.-based storage technology provider, Pure Storage, that went public October 7, the answer was 'yes, sort of.' How so? [...]