Fed Cuts QE Pace to $75 Billion on Labor Outlook

Dec. 18 (Bloomberg) -- The Federal Reserve is cutting its monthly bond purchases to $75 billion from $85 billion, taking the first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover. Bloomberg's Peter Cook reports. (Source: Bloomberg)

Bill Gross, Pimco Said to Settle Suit Over His Departure
27:52 - Bill Gross and Pacific Investment Management Co. are reported to have settled a breach of contract suit filed in 2015 by Gross after his ouster from the company the previous year. Bloomberg's Vonnie Quinn reports on "Bloomberg Markets: European Close." (Source: Bloomberg)
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