Jennifer's Feed
Jan 26, 2015

Samsung talks to BlackBerry about $7.5 billion buyout – source

NEW YORK (Reuters) –

Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O: Quote, Profile, Research) in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

South Korea’s Samsung (005930.KS: Quote, Profile, Research) proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said on Wednesday.

Jan 23, 2015

Corrected – Samsung talks to BlackBerry about $7.5 billion buyout – source

NEW YORK (Reuters) – (In paragraph 3 of Jan. 14 story, changes to representatives from the companies, from Executives)

Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O: Quote, Profile, Research) in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

Jan 23, 2015

Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout – source

NEW YORK (Reuters) – (Corrects Jan. 14 story, changes to representatives from the companies, from executives in paragraph 3)

Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O: Quote, Profile, Research) in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

Jan 20, 2015

Pimco overweight on global equities; says U.S. stocks ‘fairly valued’

NEW YORK (Reuters) – Pacific Investment Management Co said in its 2015 Asset Allocation Outlook report on Tuesday that it has placed an overweight position on global equities, particularly European and Japanese equities, and is underweight on global government bonds and other securities that reflect an exposure to interest rates.

U.S. equities, following double-digit gains in the S&P 500 last year, are “fairly valued,” Pimco said, saying that it expects stocks in Europe and Japan to outperform the United States.

Jan 15, 2015

Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout – source

NEW YORK (Reuters) – Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O: Quote, Profile, Research) in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

South Korea’s Samsung (005930.KS: Quote, Profile, Research) proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said on Wednesday.

Jan 14, 2015

Exclusive: Samsung approaches BlackBerry about buyout – source

NEW YORK (Reuters) – Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research) recently approached BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research) about buying the company for as much as $7.5 billion, looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.

South Korea’s Samsung proposed an initial price range of $13.35 to $15.49 per share, which represents a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said.

Jan 13, 2015

Oil fall could lead to capex collapse-DoubleLine’s Gundlach

NEW YORK, Jan 13 (Reuters) – DoubleLine Capital’s Jeffrey
Gundlach said on Tuesday there is a possibility of a “true
collapse” in U.S. capital expenditures and hiring if the price
of oil stays at its current level.

Gundlach, who correctly predicted government bond yields
would plunge in 2014, said on his annual outlook webcast that 35
percent of Standard & Poor’s capital expenditures comes from the
energy sector and if oil remains around the $45-plus level or
drops further, growth in capital expenditures could likely “fall
to zero.”

Jan 12, 2015

Pimco taps Seidner to revive Unconstrained Bond Fund

NEW YORK, Jan 12 (Reuters) – Pacific Investment Management
Co has named Marc Seidner, chief investment officer for
non-traditional strategies, lead portfolio manager of the Pimco
Unconstrained Bond Fund, the firm said in a regulatory
filing on Monday.

Seidner will be the main manager, effective immediately,
with the support of Mohsen Fahmi and Daniel Ivascyn, who have
been managing the fund since September 2014, the filing added.
Ivascyn, the Group CIO at Pimco, oversees Seidner and five other
chief investment officers.

Jan 9, 2015

Gross’ Janus fund lures $176 mln in Dec, big drop from Nov’s $770 mln

NEW YORK, Jan 9 (Reuters) – The Janus Global Unconstrained
Bond Fund, which Pimco co-founder Bill Gross started
managing in October, attracted $176 million of inflows in
December, down considerably from an estimated $770 million in
the previous month, according to Morningstar data released on
Friday.

Janus Capital Group Inc drew overall inflows of $440
million in December, though the Denver-based firm posted
outflows of $4.6 billion for all of 2014, the data showed.

Dec 19, 2014

Pimco expects ECB to buy euro-denominated IG corporate, sovereign debt

NEW YORK (Reuters) – Bond giant Pacific Investment Management Co said on Friday that it expects the European Central Bank to further expand its balance sheet by buying euro-denominated investment-grade corporate and sovereign bonds.

In its 2015 credit outlook report, Mark Kiesel, Pimco’s chief investment officer of global credit, said the ECB should stay very accommodative and “European rates will likely be at zero for the foreseeable future, anchoring European duration and generating strong demand for credit and higher income.