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Jan 29, 2015

Pimco expands dividend offerings with launch of two new funds

NEW YORK, Jan 29 (Reuters) – Bond giant Pimco on Thursday
launched two dividend funds designed to invest in regional
stocks that potentially offer attractive yields, growing
dividends and long-term capital appreciation.

The Pimco U.S. Dividend Fund aims to invest in 25 to 35
domestic, dividend-paying stocks while the Pimco International
Dividend Fund invests in 40 to 80 dividend-paying companies in
developed and emerging markets outside of the U.S.

Jan 29, 2015

Bill Gross says slow unwind of zero rates will support US stocks, bonds

NEW YORK, Jan 29 (Reuters) – Bill Gross, the closely watched
bond investor, on Thursday said the Federal Reserve will begin
to raise U.S. interest rates slowly this year to normalize
distortions in the financial markets but that bonds and equities
won’t be vulnerable to huge sell-offs.

Gross, who oversees the Janus Global Unconstrained Bond
Fund, said Fed policymakers “seem to now appreciate the hole
that they have dug by allowing interest rates to go too low for
too long. Despite reasonable growth, some of them recognize the
system’s distortion if only because inflation is going down, not
up, in the process.”

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.