Mohamed El-Erian unexpectedly resigned from his post as chief executive and co-chief investment officer of global investment management firm Pimco on Tuesday, the firm said in a statement.
At the halfway mark, industry giant Anthem Blue Cross is holding on to a slim lead among health insurance providers with a 31% share of California's exchange market.
The Bank of England sees "no immediate need" to raise rock-bottom interest rates despite an unemployment rate that is falling more rapidly than anticipated, according to minutes of its January meeting released Wednesday.
ATHENS -- Breaking an 18-month stalemate with the help of the United States, the leaders of Cyprus' divided Greek and Turkish enclaves resumed talks Tuesday aimed at reunifying the Mediterranean island and ending one of Europe's most enduring conflicts. The renewed negotiations follow months of high-level back-channel diplomacy by the U.S., including an intervention by Vice President Joe Biden over the weekend to nudge the island's rival leaders to accept a road map for the negotiations. On Tuesday, Lisa Buttenheim, the resident United Nations envoy on the island, read out details of that agreement, setting down the boundaries for the talks. "The leaders expressed...