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Pimco fund posts $2.3 bln net outflows in September

Oct 2- Investors pulled $2.3 billion in assets from Pacific Investment Management Co's flagship fund in September, up from $1.8 billion the previous month, as market sentiment soured over persisting concerns of the impact of Chinese slowdown on the global economy and oil prices slid further. The Pimco Income Fund reached nearly $50 billion in assets under...
Source: Reuters
UPDATE 2-Supermarket chain Albertsons hopes to raise $1.7 bln in IPO

Albertsons said on Friday that it expected to price 65.3 million shares at between $23 and $26 each, valuing the company at up to $12.35 billion. Albertsons, the second-largest U.S. grocer after Kroger Co by number of stores, highlighted in a filing that it also faced a growing threat from online grocery stores. "It's only going to get worse for Albertsons," David...
Source: Reuters | By: Sudarshan Varadhan and Sruthi Shankar
Sprint to slash jobs, costs by $2.5B: Report

Sprint plans to cut an unspecified amount of jobs and $2 billion to $2.5 billion in costs in the next six months, The Wall Street Journal reported.
Source: Reuters
Sprint to cut jobs, reduce up to $2.5 bln in costs - WSJ

Oct 1- Sprint Corp plans to cut an unspecified amount of jobs and about $2- $2.5 billion in costs in the next six months, the Wall Street Journal reported, citing an internal memo. "We have begun an effort to significantly take costs out of the business so the transformation of the company will be sustainable for the long-term," Sprint spokesman Dave Tovar told Reuters...
Source: Reuters
JPMorgan to pay most in $1.86 bln swaps price-fixing settlement - Bloomberg

Oct 1- JPMorgan Chase& Co is set to pay almost a third of a $1.86 billion settlement to resolve claims that a dozen big banks conspired to limit competition in the credit-default swaps market, Bloomberg reported. Morgan Stanley, Barclays Plc and Goldman Sachs Group Inc are paying about $230 million, $175 million and $164 million, respectively, the report said.
Source: Reuters
Sovereign wealth funds double deal volumes to $24.9 bln in Q3

LONDON, Oct 1- Sovereign wealth funds spent a total of $24.9 billion on overseas acquisitions during the third quarter of 2015, almost double the previous quarter as they chased after trophy assets. Thomson Reuters data shows that sovereign wealth funds, which invest windfall revenues from oil and other commodity exports for future generations, were...
Source: Reuters | By: Claire Milhench
UPDATE 1-Autonomy's Mike Lynch counter sues HP over $11 bln deal

LONDON, Oct 1- British tech entrepreneur Mike Lynch on Thursday said he would file a claim against Hewlett-Packard for $150 million in damages over allegations the U.S company made about his role in the acquisition of his software company Autonomy in 2011.. HP's $11 billion purchase of Autonomy was supposed to form the central part of the U.S. group's move into...
Source: Reuters
UPDATE 1-JPMorgan to bid for about 12 bln stg UK mortgage book-Bbg

Oct 1- JPMorgan Chase& Co plans to bid for about 12 billion pounds of mortgages being sold by the British government's "bad bank," Bloomberg reported on Thursday. JPMorgan is preparing to bid for a portfolio being offered by UK Asset Resolution Ltd, a state-run "zombie bank" charged with winding down the assets of two failed British lenders, Bloomberg said, citing five...
Source: Reuters
UPDATE 1-Teva Pharm to buy Mexican drugmaker Rimsa for $2.3 bln

TEL AVIV, Oct 1- Teva Pharmaceutical Industries has struck a deal to buy Mexican drugmaker Representaciones e Investigaciones M├ędicas SA for $2.3 billion to strengthen its presence in Latin America. It is Teva's second major acquisition in recent months; in late July it agreed to pay $40.5 billion in cash and stock for Allergan's generics drug business to...
Source: Reuters
UPDATE 1-Payment processor First Data to raise up to $3.2 bln in IPO

Oct 1- Credit card processor First Data Corp said it plans to raise up to $3.2 billion from its initial public offering and will use the proceeds to cut down debt. Atlanta- based First Data expects its IPO to price between $18 and $20 per class A share, valuing the company at about $17.58 billion at the upper end of the range. Citigroup, Morgan Stanley, BofA Merrill Lynch...
Source: Reuters