January 2, 2000 |
Who will make big news in the business world this year? Who will emerge from relative obscurity to become a major player? To start the new year, Times business reporters selected people from their beats who they believe will be among those to watch in 2000--in Southern California, across the country and around the world. Some are well known, having made big news in previous years. Others are not exactly household names but nevertheless are likely to make a major impact in their fields.
May 4, 2004 |
The world's best-known bond investor has given a vote of confidence to California -- the state with the nation's worst credit rating. Bill Gross, managing director of Newport Beach-based Pacific Investment Management Co., bought $445,200 worth of Pimco California Municipal Income shares after their value declined in late April, according to recent Securities and Exchange Commission filings. The muni income fund buys bonds issued by state and local governments in California.
CALIFORNIA | LOCAL
July 6, 2006 |
Newport Beach bond fund manager Bill Gross and his wife, Sue, have pledged $10 million toward UC Irvine's stem cell research center, hoping to boost research that offers potential cures for many debilitating diseases. The Grosses will give $2 million immediately for staffing and equipment, with a second gift of $8 million when that donation is matched.
December 9, 1996 |
Bill Gross had a problem. It was the kind of problem most entrepreneurs would welcome, and Gross wasn't missing any meals as a result, but it was a problem nonetheless: too many ideas. They poured forth constantly from the Caltech graduate's peripatetic mind, ideas for new high-tech companies, for the products and services they might sell and for the business strategies they should employ.
January 17, 2007 |
Bill Gross, manager of the world's biggest bond fund at Newport Beach-based Pacific Investment Management Co., has pared his Treasury holdings to the lowest level in six months. Gross and a growing number of investors are reducing Treasury bonds in favor of mortgage-backed securities as expectations for lower interest rates this year fade.
January 15, 2003 |
Investors who poured more than $700 million into Idealab, the Pasadena firm that nurtured young tech companies during the Internet boom, have returned to court with a third version of their fraud lawsuit against the so-called incubator and its founder, Bill Gross. The third amended complaint, filed late Monday, was made in response to Los Angeles County Superior Court Judge Ralph Dau's demand for more specifics, as part of the preliminary sparring to shape the case.
November 7, 2002 |
In a small room in Pasadena that looks like a high school machine shop, the man whose high-tech incubator once spawned some of the hottest companies in Southern California is in the midst of what he insists could be his biggest idea ever. Bill Gross spends most of his time here these days, behind glass doors, tweaking the design of solar engines at a venture tentatively called Pasadena Power.
February 25, 2004 |
Fighting for the reputation of a business he built up for 30 years, bond market guru Bill Gross said Tuesday that his Newport Beach-based company shouldn't have been implicated in the mutual fund trading scandal -- and that he would seek to "divorce" its name from affiliates that are facing potentially more serious allegations. In his first wide-ranging interview since Pacific Investment Management Co.
July 19, 2005 |
People scoffed nearly a decade ago when Bill Gross proposed an online search engine that ranked results based on how much advertisers were willing to pay to have their links tied to specific requests. But the concept developed into a revolutionary idea that turned Internet search engines into massive moneymaking machines. Now Gross hopes to shake things up again with Snap.
February 5, 2006 |
Worries about the rapid rise in U.S. government and household borrowing in recent years haven't been lost on Bill Gross or Larry Fink, two of the world's biggest bond investors. At a financial conference at UCLA last week, the two men acknowledged that they were uneasy about certain elements of the debt boom, particularly the rising U.S. dependence on foreign creditors. But neither Gross, chief investment officer at Newport Beach-based Pacific Investment Management Co.