PIMCO to Lose Billions on Gross' Departure; Einstein Bros. Up 50%

Stocks fell slightly today amid protests in Hong Kong. The pro-democracy protests that are occurring in Hong Kong are scaring Wall Street investors. PIMCO will probably lose billions of dollars, around 10% to 30% of its assets, when founder and star manager, Bill Gross, leaves the investment firm. Gross announced last week that he was leaving PIMCO to join Janus Capital (JNS). Einstein Bros. Bagels' (BAGL) shares are up nearly 50% after the company announced that JAB Holding would be acquiring the company.
JAB Holding will be purchasing Einstein Bros. for $20.25 a share.

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Published on Sep 29, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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