Pimco Settles Contract Suit With Bill Gross for $81 Million

Pacific Investment Management settled the breach-of-contract suit filed by its co-founder and former star bond manager, Bill Gross, for $81 million, people familiar with the matter said.

 
Sealed Air to Sell Cleaning Unit to Bain for $3.2 Billion

Sealed Air Corp. said Monday that it would sell its cleaning business to private-equity firm Bain Capital for $3.2 billion.

 
Amazon Delays Opening of Cashier-Less Store to Work Out Kinks

Amazon.com is delaying the public opening of its first cashier-less convenience store because of technical complications.

 
Supreme Court to Hear Case that Could Limit Lawsuits Against Companies for Disclosure Failures

The U.S. Supreme Court on Monday agreed to consider whether publicly-traded companies can be sued for securities fraud by third parties for omitting "known trends or uncertainties" in filings to shareholders.

 
Adient Looks to Expand Into Aviation Market with Boeing

Automotive seating supplier Adient is considering entering the aerospace business, announcing plans Monday to work with Boeing to explore development of seating for aircraft.

 
American, China Southern Air In Cooperation Talks

American Airlines and China Southern Airlines are discussing a "major strategic cooperation," the Chinese airline said Monday in a regulatory filing.

 
The Galaxy S8 Is Samsung's Best Shot at Redemption

Samsung's Galaxy S8, which will be unveiled Wednesday, has a lot more at stake than sales targets: it must restore consumer trust and stabilize a brand dogged by political scandal, product recalls and privacy concerns.

 
Tronc's Shareholder Raises Corporate Governance Questions

Tronc's second-largest shareholder has sent a letter to the board raising questions about corporate governance and demanding they raise a limit on his ownership stake amid an increasingly hostile fight with the company's biggest investor.

 
Alexion Names New CEO Following Internal Sales-Practice Probe

Alexion Pharmaceuticals Inc. named new a chief executive Monday, months after the company's top leadership abruptly stepped down amid an internal investigation into sales practices.

 
Facebook Wants to Help You Be a Better Citizen

Facebook is getting more serious about the role it plays in your political life. The social network rolled out a civic outreach tool in the U.S. that identifies your elected officials, sends reminders to vote and goads you to pick up the phone.

(END) Dow Jones Newswires

March 27, 2017 15:15 ET (19:15 GMT)

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