The Traderszone Network

It is time to get used to near-zero savings-account interest rates and 10-year bond yields that don’t get much higher than 3%. Yes, the Federal Reserve is preparing to raise rates as soon as next spring. Scott Mather, deputy chief investment officer at bond fund manager Pacific Investment Management Corp., which has $2 trillion in assets under management, says the eventual resting point for rates will be much lower and “the Fed will take a lot longer to get there than in previous cycles.

Ten years ago, a small Internet company called Google (maybe you’ve heard of it?) released its IPO prospectus, declaring that its code of conduct was “don’t be evil.”

Allergan and Salix declined to comment on the matter. Shares of Salix, which itself is in the process of merging with a unit of Swiss-listed Cosmo Pharmaceuticals, jumped about 10 percent on Tuesday. It isn’t clear where any talks with Salix stand, but one of the sources said Allergan could strike a takeover deal with the company or another unknown party as early as next month, Journal said.

Former Microsoft Corp Chief Executive Steve Ballmer, the new owner of the Los Angeles Clippers basketball team, has left the software company’s board in order to spend more time on his new project. “I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time,” said Ballmer in a letter to Microsoft CEO Satya Nadella made public by Microsoft on Tuesday. Ballmer’s exit from the board is not surprising after 12 months of change at the head of the 39-year old software giant.

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Texas-based private equity shop TPG Capital is in negotiations to acquire the commercial real estate brokerage and services firm Cassidy Turley, several sources familiar with the talks said.
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Elizabeth Arden says its sales were hurt by a slump in demand for perfumes named after Justin Bieber and Taylor Swift.
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Former Obama aide David Plouffe is going to Uber to help fight “The Big Taxi cartel,” Uber says. Re/code reports.