Edvard Pettersson

Pimco fired back at Bill Gross, the co-founder who oversaw the firm’s ascent for 43 years, saying his lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.

A judge’s ruling found the city of San Bernardino eligible to remain in Chapter 9 bankruptcy.

Morgan Keegan & Co., the brokerage firm acquired by Raymond James Financial Inc., was ordered by a federal appeals court to pay a group of 18 investors a $9.2 million arbitration award.