With Bill Gross leaving Pimco, investors can follow him to Janus, leave their money at Pimco, or seek out alternate bond kings such as Jeffrey Gundlach and Dan Fuss.
An employee works on a Mercedes-Benz at a Daimler AG plant in Germany. Manufacturing results hurt the Dow's performance. MARTIN LEISSL / Bloomberg.
Rocket Internet AG (RKET), the German company known for replicating businesses from Groupon Inc. to Airbnb Inc., fell on its first day of trading after completing the biggest initial public offering in Germany since 2007.
The Charlotte, N.C., lender�the second-largest U.S. bank by assets�said the current chairman, Chad Holliday, will remain on the board as Mr. Moynihan, 54 years old, expands his duties.
Warren Buffett, whose Berkshire Hathaway is Coke's biggest shareholder, is a longtime critic of excessive pay packages. (AP). SummaryCoca-Cola is curtailing its pay plan for executives after shareholders including Warren Buffett called it excessive.