BEIJING (Reuters) - Lenovo Group Ltd will close its acquisition of International Business Machines Corp's (IBM) x86 server division on Oct 1 for $2.1 billion, giving the Chinese tech firm the firepower to win business clients from U.S. rivals.
(Reuters) - Pimco is moving away from a founder-led model and the $2 trillion asset manager's flagship fund, formerly run by co-founder Bill Gross "does not define Pimco," CEO Doug Hodge said on Sunday.
FRANKFURT (Reuters) - German insurer Allianz says it has no plans to increase oversight of its California-based investment unit Pimco after the shock departure of co-founder Bill Gross sent shares in the Munich-based parent tumbling at the end of last week.
WASHINGTON (Reuters) - One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal.
TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp is in talks to acquire DreamWorks Animation SKG , the Hollywood studio behind the "Shrek" and "Madagascar" movie hits, a person with knowledge of the situation said.