Daniel Burns

Articles

September 04, 10:41pm EDT Photo
Double-dip recession risk rising: El-Erian 

NEW YORK (Reuters) - The U.S. economy faces an increasing risk of stalled growth in 2010, the chief executive of top bond fund Pimco said on Friday, adding that rallies in the equity and bond markets have outpaced economic trends.  Full Article 

August 21, 10:52pm EDT
UPDATE 1-U.S. dollar reasonably valued- IMF top official 

JACKSON HOLE, Wyo., Aug 21 (Reuters) - The U.S. dollar appears to be reasonably valued, while other major currencies are not significantly out of line, a senior International Monetary Fund official said on Friday.  Full Article 

March 25, 03:31pm EDT Photo
Politics, profits key to U.S. toxic asset clean-up 

NEW YORK (Reuters) - A combination of politics and profits could determine the success of the U.S. government's most ambitious attempt yet to cleanse the banking system of up to $1 trillion in risky securities.  Full Article 

March 24, 03:03am EDT
Exclusive: PIMCO to participate in U.S. toxic asset plan 

NEW YORK (Reuters) - Bill Gross, the influential manager of the world's largest bond fund, gave the Obama administration's financial stability effort a much-needed endorsement on Monday, saying PIMCO will participate in the public-private plan.  Full Article 

March 23, 10:13pm EDT Photo
EXCLUSIVE: PIMCO to participate in U.S. toxic asset plan 

NEW YORK (Reuters) - Bill Gross, the influential manager of the world's largest bond fund, gave the Obama administration's financial stability effort a much-needed endorsement on Monday, saying PIMCO will participate in the public-private plan.  Full Article 

March 06, 09:30pm EST
Equities outlook shifts as bear market deepens 

NEW YORK (Reuters) - The deep slide in U.S. stocks this week to 12-year lows along with lowered economic expectations has sapped investor sentiment and led many on Wall Street to wonder how low equity markets can go.  Full Article 

February 24, 09:41pm EST
Madoff investors may be able to trade their claims 

NEW YORK, Feb 24 (Reuters) - Investors left in the cold by accused swindler Bernard Madoff, may soon have a place to go to recoup some of their losses without waiting years for the bankruptcy court liquidation process to resolve their claims.  Full Article 

January 17, 12:00am EST
Gross: Worst for banks may be past 

NEW YORK (Reuters) - The greatest damage to bank balance sheets from the financial crisis may be over, but the worst for the real economy lies ahead, Bill Gross, manager of the world's biggest bond fund, said on Friday.  Full Article 

January 16, 08:45pm EST
UPDATE 1-Gross- worst may be over for banks' balance sheets 

NEW YORK, Jan 16 (Reuters) - The worst of the credit crisis may be over regarding harm to bank balance sheets, Bill Gross, manager of the world's biggest bond fund, said on Friday.  Full Article 

January 16, 11:01pm EST
Worst for banks may be past: Gross 

NEW YORK (Reuters) - The greatest damage to bank balance sheets from the financial crisis may be over, but the worst for the real economy lies ahead, Bill Gross, manager of the world's biggest bond fund, said on Friday.  Full Article