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.

 
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.

 
Jim Gianopulos Named Head of Paramount Pictures

Jim Gianopulos, the longtime head of Twentieth Century Fox, has been tapped to turn around Viacom Inc.'s troubled movie studio.

 
Amazon Delays Opening of Cashierless Store to Work Out Kinks

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

 
Uber Resumes Self-Driving-Vehicle Program After Arizona Accident

Uber Technologies is putting its autonomous vehicles back on city streets after an accident involving one of them in Tempe, Ariz., caused the company to halt its test program.

 
J.Crew Lenders Say Asset Transfer Unfairly Favors Backers, Bondholders

J.Crew lenders asked a court to unwind a contentious $250 million asset transfer, saying the transaction unfairly favored the clothing retailer's private-equity owners and its bondholders.

 
Elevate Credit Makes New IPO Push

Online lender Elevate Credit revived plans for an initial public offering on Monday, becoming the latest firm to try to ride the wave of investor demand for new issues.

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

The U.S. Supreme Court 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.

(END) Dow Jones Newswires

March 27, 2017 17:00 ET (21:00 GMT)

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