Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE (ALVG.DE) for $200 million, saying a greedy "cabal" of executives drove him out of the bond fund giant he helped found because they wanted his huge bonus for themselves.
The ill-fated U.S.-flagged El Faro cargo ship sunk by Hurricane Joaquin was sailing at near full speed into the center of the storm before it lost propulsion amid mountainous waves and brutal winds, according to ship tracking data.
The United Nations on Thursday proposed a national unity government to Libya's warring factions to end their conflict, but the deal faces resistance from Tripoli's self-declared rulers and hardliners on the ground.
The family of an unarmed black man shot in the back by a white police officer will get a $6.5 million settlement from North Charleston in South Carolina, city officials said on Thursday.
