Bloomberg Allianz SE’s asset-management business saw earnings soar on the back of increased inflows at the German firm’s Pimco unit. Operating profit at the unit, adjusted for foreign-exchange effects, increased by a “remarkable” 16.3 percent in the first quarter, Europe’s largest insurer said in a statement on Tuesday. External managers allocated almost 21 billion euros ($25 billion) to the firm, ...

Bloomberg Vodafone Group Plc Chief Executive Officer Vittorio Colao is leaving after a decade of retreating from aggressive global growth in favor of the European market, handing the reins to company veteran Nick Read. Colao, 56, will depart from the world’s second-largest mobile carrier in October and Read, the 53-year-old chief financial officer, will take over. Vodafone made the surprise ...

Bloomberg The chief executive of Fiat Chrysler Automobiles NV admonished a company spokesman in 2015 for saying the company didn’t rig its vehicles with illegal software to pass emissions tests, according to documents filed in a related lawsuit. An excerpt of the 2015 email from CEO Sergio Marchionne to Fiat Chrysler’s then-head of US communications, Gualberto Ranieri, was revealed in ...