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April 29, 2015 MONEY (MSM)

Pimco hires Bernanke as senior adviser

Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior adviser, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross. The move may be questioned by some competitors who had criticized the Fed during Bernanke’s reign for being too close to Pimco, whose full name is Pacific Investment Management Co. The critics suggested that could have potentially given the

April 29, 2015 MONEY (MSM)

Clinton Foundation failed to disclose 1,100 foreign donations

Hillary Clinton’s presidential run is prompting new scrutiny of the Clintons’ financial and charitable affairs—something that’s already proved problematic for the Democratic frontrunner, given how closely these two worlds overlap. Last week, the New York Times examined Bill Clinton’s relationship with a Canadian mining financier, Frank Giustra, who has donated millions of dollars to the Clinton Foundation and sits on its board. Clinton, the story suggests, helped Giustra’s company secure a lucrative

April 29, 2015 MONEY (MSM)

Twitter CEO's credibility at risk after results fall short

Dick Costolo’s credibility is on the line. Twitter Inc.’s chief executive officer failed to foresee a slowdown that forced the social-media company to miss analysts’ first-quarter revenue estimates and cut its 2015 sales forecast, sending the stock tumbling. While this isn’t the first time Twitter has fallen short on promised results, investors had been told that new features and services, as well as a management overhaul, were starting to pay