Activist investor calls for Yahoo, AOL to join forces

Claman on Call: FBN's Liz Claman with an after-hours web exclusive on the markets, PIMCO founder Bill Gross' departure from the firm, calls for Yahoo to join forces with AOL and Popcorn Indiana's effort to grow in the highly ... competitive snack market.

Claman on Call: The Bond King Leaves Pimco

The three major U.S. indexes rallied on the last trading day of the week, with all 10 S&P sectors closing in the green.

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Big news in the bond world today: "Bond King" Bill Gross is leaving Pimco, the firm he co-founded to work at Janus Capital. 

A lot of investors were questioning whether Gross "still had it" after he wrote an investment outlook letter earlier this year that was an ode to his dead cat. It was the "meow heard around the world' -- and at that time, Pimco funds were lagging 95% of their peers. But the market still believes in Gross: Janus's stock shot up more than 40% on the news of his hire.

And could a corporate love story be in the works?

Activist investing firm Starboard Value is pushing Yahoo to join with AOL. It believes a deal could deliver cost synergies of up to $1 billion. 

In a FOX Business exclusive, Colin Gillis, BGC senior technology analyst, said that Yahoo and AOL are better off together and a merger between the two companies makes "a tone of sense." 

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Head to FOXBusiness.com/OnCall to see what he had to say about a potential turnaround at another old tech name, BlackBerry.

And is popcorn the new go-to snack? Hitesh Hajarnavis, Popcorn Indiana CEO, is hoping to win over your "stomach share" with unique flavors like "granola style clusters." And he plans to make even more waves in the highly competitive snack market.

Now, here is what you need to watch for next week: On Monday, consumer spending numbers come out. Then Tuesday, we get the Chicago Purchasing Manager's Index, and on Wednesday, ISM Manufacturing numbers are released. Thursday we get the latest likely jobless claims data, and finally, on Friday -- the week's big economic report, the jobs data for the month of September.

Be sure to check out all of today's interview on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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