Johnson & Johnson hit with over $1 billion verdict on hip implants

(Reuters) – A federal jury in Dallas on Thursday ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay more than $1 billion to six plaintiffs who said they were injured by Pinnacle hip implants, a lawyer for the plaintiffs said.

Isle of Muck gets new teacher after online search

Earlier in the year the BBC brought you a story about the Isle of Muck having trouble finding a new teacher. A woman saw that report, and liked the look of island life.

Senator warns against simultaneous overhaul of Medicare and Obamacare

WASHINGTON (Reuters) – A senior U.S. Senate Republican warned his party on Thursday against simultaneously overhauling Medicare and the Obamacare health insurance program, saying this would be “biting off more than you can chew.”

Citizens Bank signs SigFig for robo-adviser investment services

NEW YORK (Reuters) – Rhode Island-based Citizens Bank said Thursday it is partnering with SigFig, a leading robo-adviser, to help manage the portfolios of the bank’s 1.2 million middle-income…

France’s Hollande won’t seek reelection

President Francois Hollande announces he will not be seeking a second term next year, acknowledging his deep unpopularity. Rough Cut – subtitled (no reporter narration).

Pimco to pay $20 million over misleading investors about ETF: U.S. SEC

WASHINGTON/NEW YORK (Reuters) – Pacific Management Investment Co (Pimco) will pay $20 million to settle charges that it misled investors about the performance of a top exchange-traded fund it manages, U.S. regulators said on Thursday.

Former PIMCO bond king Bill Gross to provide expertise to National Bank subsidiary

Bill Gross, who was dubbed the bond king as co-founder and chief investment office of Pacific Investment Management (PIMCO), has become a manager of National Bank Investment Inc.’s Unconstrained Fixed Income Fund.

Gross is now a portfolio manager at Janus Capital Group.

“National Bank Investments has expressed confidence in me at Janus and in our ability to deliver for Canadian investors,” Gross said in a statement Thursday. “I’m looking forward to our partnership and putting our best efforts to work for their investors.”

Jonathan Durocher, president of NBI, a subsidiary of National Bank of Canada, said the firm is excited to give Canadian investors “access to Bill’s renowned portfolio management expertise.”

His “unconstrained, macro style of investing will offer investors an exceptional approach to navigating today’s markets,” Durocher said.

National Bank Investments designs and manages mutual funds and mutual fund portfolios. Janus Capital Management LLC acts as a portfolio manager for the NBI Unconstrained Fixed Income Fund.

Gross abruptly departed from PIMCO in 2014 to join Janus, at the age of 70, amid reports of infighting at the firm he had co-founded in 1971.