Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.
Wells Fargo and a group of institutional investors, including funds affiliated with BlackRock and PIMCO, reached a settlement that resolves two class action lawsuits.
Global investment management firm PIMCO has retained five world-renown experts on economic and political issues to from a PIMCO Global Advisory Board. Ben Bernanke will serve as chairman.