Pimco Total Return rose 0.7 percent in April: preliminary Morningstar data
NEW YORK (Reuters) – The Pimco Total Return Fund, the world’s largest bond fund run by Bill Gross, rose 0.74 percent in April, trailing 68 percent of its peers according to preliminary data from Morningstar.
AT&T has approached DirecTV about takeover: WSJ
(Reuters) – AT&T Inc has approached DirecTV about a possible purchase of the satellite TV company, the Wall Street Journal reported, citing people familiar with the situation.
Avon first-quarter revenue falls 11.1 percent
(Reuters) – Avon Products Inc on Thursday reported lower-than-expected fourth-quarter revenue, hurt by a drop in sales in every region and the departure of more of sales representatives.
Viacom quarterly profit rises 4 percent
(Reuters) – Viacom Inc , which owns cable networks MTV and Comedy Central, reported a 4 percent rise in quarterly profit as increased advertising revenue from its cable business offset weakness in its film entertainment division.
Rivals poach Publicis, Omnicom clients, staff as merger faces snags
LONDON/NEW YORK/PARIS (Reuters) – Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung contract, just as the two advertising firms struggle to keep their…
Bombardier revenue misses estimates as aerospace drags
(Reuters) – Canada’s Bombardier Inc reported lower-than-expected quarterly revenue as it earned less from the sale of its aircraft.
Discounts help T-Mobile add more customers
(Reuters) – T-Mobile US Inc said it added a net 2.4 million customers in the first quarter, up from 579,000 a year earlier, as the company’s aggressive discounts won over customers.
Sprint moves ahead with T-Mobile bid plan: sources
(Reuters) – Sprint Corp is meeting with banks to work out funding for its bid for smaller rival T-Mobile US Inc, a source familiar with the situation said, as the mobile carrier works to ease regulatory concerns that the deal would hurt competition.
UBS bars some staff from going to France: report
ZURICH (Reuters) – Swiss bank UBS has banned some of its employees from entering France, where the bank is subject to an investigation, Swiss radio and television RTS said on its website on Thursday, quoting unnamed sources.
Sony slashes profit forecast again, raising pressure on CEO
TOKYO (Reuters) – Sony Corp slashed its earnings guidance for the third time in a year on Thursday to barely 10 percent of its initial outlook as further losses from its PC exit cast a pall over its struggling electronics division.
