Janus’s Bill Gross: ‘Helicopter money’ is coming in a year or so
NEW YORK (Reuters) – The next big monetary and fiscal policy move should include an airdrop of “money from helicopters” to stimulate the U.S. economy and avoid an extended recession, says Bill Gross, a portfolio manager at Janus Capital Group Inc .
Teen apparel chain Aeropostale files for bankruptcy protection
(Reuters) – Struggling teen apparel retailer Aeropostale Inc filed for Chapter 11 bankruptcy protection on Wednesday, succumbing to years of losses as shoppers moved on to fast-fashion retailers and online competitors.
World stocks retreat for second day on growth worries
LONDON (Reuters) – World stocks fell for the second successive day on Wednesday and metals prices declined, pressured by signs of a renewed and prolonged downturn in global growth.
Malaysia dissolves 1MDB advisory board headed by PM Najib
KUALA LUMPUR (Reuters) – Malaysia’s finance ministry said on Wednesday it would dissolve the board of advisers at 1Malaysia Development Berhad (1MDB) and take over its remaining assets, in an apparent move to scale down a state fund whose scandals have…
Biotech stock swoon sparks buyout interest: investor
NEW YORK (Reuters) – A brutal start to the year for biotech stocks could pave the way for more deal-making in the sector, with premiums of potentially 50 percent to 100 percent above depressed share prices, according to a top healthcare investor.
Apple loses China trademark case for ‘iPhone’ on leather goods
BEIJING (Reuters) – Apple Inc has lost a battle for the use of the “iPhone” trademark on leather goods in China after a Beijing court ruled against the world’s biggest technology company in favor of a local firm, state media reported.
PIMCO says buying emerging markets; likes rouble, Mexican peso
LONDON (Reuters) – Asset manager PIMCO said on Wednesday it was time to actively engage in emerging markets again and highlighted the Russian rouble and Mexican peso as examples of assets that offered potential gains.
Exclusive: Pfizer approaches Medivation about potential takeover – sources
(Reuters) – Pfizer Inc has approached U.S. cancer drug maker Medivation Inc to express interest in an acquisition, raising the possibility of a bid rivaling a $9.3 billion offer by Sanofi SA , people familiar with the matter said on Tuesday.
Healthy U.S. April auto sales fail to offset growth fears
DETROIT (Reuters) – Detroit automakers reported another month of strong demand from U.S. consumers for trucks and sport utility vehicles on Tuesday, but their shares dropped as analysts focused on signs the world’s second-largest auto market has little…
Takata to announce recall of 35 million-40 million U.S. air bag inflators: sources
WASHINGTON (Reuters) – Under pressure from U.S. regulators, Japanese air bag manufacturer Takata Corp is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, three sources brie…
