Janus' spat with parent hits page one
From The Wall Street Journal
The Street's paper of record reports today that Janus is seeking a "divorce" from Kansas City Southern -- its corporate parent of the last fifteen years. "They have a different culture," the paper quotes Thomas H. Bailey, Janus's 62-year-old chairman and founder, as saying. Though personality and ego certainly play a role in the dispute, the bottom line reason is the bottom line: Janus' earnings amounted to $161 million of KSC's net income of $190 million last year.

Pimco merger talks confirmed
From The Los Angeles Times
Pimco Advisors Holdings, the money manager that operates the world's largest bond fund, confirmed it is negotiating to be acquired by German insurance giant Allianz for as much as $4.4 billion. The all-cash transaction would value Pimco at $38 to $39 per unit, or share. The a value of the deal should fall between $4.2 billion and $4.4 billion for all 111.8 million of Pimco's public and private units, the company said. A merger with Allianz would enable Pimco to greatly expand its overseas operations.  

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