From: http://www.businessinsider.com
Bill Gross has left PIMCO for Janus Capital, Bloomberg reports. He'll be taking over the firm's global macro bond trading from Newport Beach, California. This is effective Monday, Sept. 29.
Bill Gross was the founder and chief investment officer of the trillion-dollar bond fund. He's such a legend on Wall Street that he is known simply as "The Bond King." At PIMCO he made a $200 million salary.
“Bill Gross has an exemplary track record with decades of success and he will offer an exceptional approach to navigating today’s increasingly risky markets with a focus on macro, unconstrained strategies. His involvement provides Janus a unique opportunity to offer strategies and products that are highly complementary to those already managed by our credit-based fixed income team,” said Richard M. Weil, Chief Executive Officer of Janus Capital Group.
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At PIMCO, Bill Gross Controlled 2 Trillion Dollars... CNBC
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Nike Hits a New High
NEW YORK (MarketWatch) -- Nike Inc. NKE, -1.35% shares jumped 5% to $84 to their all-time high in right after-hours trading on Thursday just after the company's fiscal initial-quarter profit, sales and futures orders blew past Wall Street expectations. Profit in the quarter ended Aug. 31 rose 23% to $962 million, or $1.09 a share, from $779 million, or 86 cents a share, a year earlier. Sales rose 15% to $7.98 billion. The business was expected to earn 88 cents a share on sales of $7.78 billion, according to FactSet. Orders of footwear and clothes for delivery between September and January rose 11% and had been up 14% excluding the impact of currency translations. Analysts were seeking for orders minus currency impact to rise amongst 9% and 11%. Gross margin widened 1.7 percentage points to 46.6%.
TinyURL: http://tinyurl.com/pgas7pb
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Blackberry's New Phone ???
BlackBerry’s Last Gasp:
The Weird, Wonderful Passport
The Square ONE. (It doesn't Bend...)
TinyURL: http://tinyurl.com/pvxg8wa
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MC2 LOGO
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