Bill Gross settles Pimco lawsuit for over $81 mln - CNBC
NEW YORK, March 27 Pimco co-founder Bill Gross has settled his lawsuit against his former employer for just over $81 million, CNBC reported Monday, citing sources.
LONDON, March 1 London Stock Exchange Group has set a new March 7 deadline to finalise details of a 366 million pound ($556 million) offer to take a majority stake in clearing house LCH Clearnet.
The LSE said on Friday that discussions between both parties continued "to progress well", likely quelling some fears that regulatory demands on LCH to stockpile more capital against its trading activities could dampen LSE's appetite for the deal.
The exchange has already cut its offer price for LCH, amid concerns the new rules could crimp LCH's earnings potential.
The LSE plans to take a 60 percent stake in LCH, which makes money by acting as a middle man in financial trades and guaranteeing to complete deals if one of the parties cannot.
The acquisition will help the LSE diversify from its core equities business into the many debt and currency markets in which LCH operates.
March 27 Shares in U.S. banks led broader market losses on Monday as the failure of the Republican's healthcare bill intensified investor doubts whether President Donald Trump would be able to deliver on his pro-business policy promises.