Pacific Investment Management Co.’s James Moore said the asset manager is expecting most institutional investors will get 4 percent to 5 percent returns on their money instead of 8 percent to 9 percent.
ABB Ltd., the world’s biggest manufacturer of power grids, may report second-quarter earnings below analysts’ estimates amid a dearth of big-ticket orders and higher-than-expected charges from the integration of an acquisition, Redburn Partners said in a note to investors.
Prince William and his new wife, the Duchess of Cambridge, began their first official foreign trip as a married couple today in Canada -- a nine-day tour that includes road hockey and a visit to a cowboy rodeo.
Governor Rick Perry asked a cancer research organization backed by $3 billion in state bonding authority to stop making grants until it deals with probes of conflicts in some awards and changes its governing structure.
Gold rose for a fourth day in New York and climbed to a record in London as prospects for declining currency values may boost demand for precious metals. Silver extended gains to the highest price since 1980.
Gold traders extended their bullish streak as analysts from Bank of America Corp. to Deutsche Bank AG forecast record prices by next year after central banks pledged more action to bolster economic growth.