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Towards the Paranormal By Bill Gross
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Towards the Paranormal By Bill Gross

By Bill Gross The New Normal, previously believed to be bell-shaped and thin-tailed in its depiction of growth probability and financial market outcomes, appears to be morphing into a world of fat-tailed, almost bimodal outcomes. A new duality – credit […]

Pay and Restructuring Rile Staff at Jefferies
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Pay and Restructuring Rile Staff at Jefferies

Several executives and other employees in Jefferies Group Inc.’s prime-brokerage unit threatened to leave the firm in a dispute over issues including a recent restructuring and year-end compensation, people familiar with the matter said. The dispute led to a series of meetings […]

Some Venture Funds Hit ‘Pause’ on Big Deals
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Some Venture Funds Hit ‘Pause’ on Big Deals

SAN FRANCISCO—Over the past year, Marc Andreessen invested in a series of high-profile Web companies, including Facebook Inc., Twitter Inc. and Groupon Inc. Now the Silicon Valley venture capitalist is hitting the pause button on such big-name deals. Since participating in a […]