Alan Greenspan, the former Federal Reserve chairman, has helped Pacific Investment Management Co. make “billions of dollars” in his role as a consultant, said Bill Gross, the bond manager’s co-chief investment officer.During a 30-minute discussion on banks several months before the global credit crisis, Greenspan’s “brilliance in terms of forecasting the potential for exactly what [...]

Bill Gross, founder and chief investment officer of PIMCO, the world’s largest family of bond funds with $746 billion in assets under management, believes that without government intervention, home prices could drop as much as 20 percent over the next two years. U.S. News spoke with Gross about what he thinks the government should do [...]

Bill Gross founded Pacific Investment Management Company in 1971 and built it into one of the world’s largest fixed income managers. The company has more than $750bn of assets under management and is now an independent unit of Allianz, the German financial services group, which bought the bond manager in 2000.
The 63-year-old author of Everything [...]

Eli Broad, a billionaire businessman, has given away more than $650 million over the last five years, to Harvard and the Massachusetts Institute of Technology to establish a medical research institute, to the Los Angeles County Museum of Art and to programs to improve the administration of urban schools and public education.
The rich are giving [...]

Bill Gates and his wife Melinda have donated $10 million for the improvement of the living conditions of the urban poor in South Africa.
The South African Federation of the Urban Poor on Thursday disclosed this in statement saying the money was donated by the Bill and Melinda Gates Foundation.
The money would be directed through the [...]