Pimco Replaced by BlackRock at $6 Billion Prudential Fund

Pacific Investment Management Co., seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial Inc.

Brazil's Batista Says He'll Rise Again

RIO DE JANEIRO—Brazilian entrepreneur Eike Batista, on the wrong end of one of the biggest wealth collapses in history, is lashing out at people he blames for his undoing.