NEW YORK – Shares of some top telecom companies are up at 1 p.m.:
AT&T Inc. rose $.05 or .1 percent, to $35.41.
Verizon Communications Inc. rose $.52 or 1.1 percent, to $49.45.
Senior executives at PIMCO are still seeing negative effects to their bottom lines after last year's ouster of founder Bill Gross. In fact, they lost out on an estimated tens of millions of dollars in compensation, people with direct knowledge of the matter tell FOX Business.