Stocks
Following the shock resignation of Bill Gross from Pimco on Friday, investors withdrew about $10B from the investment firm, WSJ reports. Gross's $222B Pimco Total Return Fund (NYSEARCA:BOND) already experienced significant outflows before he announced his departure, with investors withdrawing almost $70B between May 2013 and August 2014. Despite the news, CEO Douglas Hodge is confident the vast majority of clients will stay with the company. Parent company Allianz (OTCQX:AZSEY) also confirmed that it has no plans to sell the firm or interfere more in the business.

Apple will face accusations this week from the European Commission, as the preliminary findings over its tax affairs in Ireland are made public. European regulators will accuse Apple (NASDAQ:AAPL) of benefiting from illicit state aid in Ireland for more than two decades, which could leave the company with a record fine of as much as several billions of euros, FT reports. The probe is part of a formal investigation into European corporate tax codes, which is also investigating Fiat (OTCPK:FIATY) and Starbucks (NASDAQ:SBUX).

SoftBank is in talks to buy DreamWorks Animation in a deal that would value the company at $3.4B, states The Hollywood Reporter. Under the proposed deal, DreamWorks Animation (NASDAQ:DWA) founder and CEO Jeffrey Katzenberg would sign a five-year contract to remain with the company. SoftBank (OTCPK:SFTBY) is said to have offered $32 per share for DreamWorks, a substantial premium to the stock's Friday closing price of $22.36.

Despite striking oil in the Kara Sea on Friday, ExxonMobil (NYSE:XOM) is suspending cooperation with Russia's Rosneft (OTC:RNFTF) on offshore drilling in the Arctic due to sanctions. "Theoretically, there was a possibility to continue the work, but it was necessary to obtain a new permit," Kommersant reports. "But (ExxonMobil) failed to get it. ExxonMobil should stop work and evacuate its personnel by mid-October." The Kara Sea oil province is estimated to contain oil reserves comparable to those of Saudi Arabia.

Pioneer Natural Resources expects to double its U.S. exports of condensate to 50K barrels per day next year. The U.S. shale resources explorer, along with Enterprise Product Partners (NYSE:EPD), received permits in June to export the ultra-light oil, after the country eased its 40-year ban on oil exports. Pioneer (NYSE:PXD) sells condensate from its Eagle Ford shale site to Enterprise, which markets the oil to foreign buyers.

Hank Greenberg's lawsuit against the U.S. government's rescue of AIG during the 2008 financial crisis is set to begin today. The case will center around whether it was legal for the government to pay only $500K for $35B worth in AIG (NYSE:AIG) shares, and whether the government was allowed to condition its first $85B loan on an equity stake in the company. The six-week trial will also include testimony from the architects of the bailout Ben Bernanke, Henry Paulson and Timothy Geithner.

UBS has entered settlement talks over allegations it was involved in manipulating foreign exchange rates, although it did not identify a regulator. However, Reuters reported on Friday that Britain's Financial Conduct Authority was talking to UBS (NYSE:UBS) and five other banks - Barclays (NYSE:BCS), HSBC (NYSE:HSBC), Royal Bank of Scotland (NYSE:RBS), JP Morgan (NYSE:JPM) and Citi (NYSE:C) regarding similar settlements that could result in each bank being fined hundreds of millions of pounds.

In its first big investment since its $25B record IPO, Alibaba (NYSE:BABA) has bought a 15% stake in Chinese hospitality technology provider Beijing Shiji Information Technology for 2.81B yuan ($459M). Shiji provides IT consulting and sells software that manages room reservations and point of sales systems to high-end hotels in China. The deal is expected to close early next month.

Lenovo will complete its $2.1B acquisition of IBM's (NYSE:IBM) x86 server unit on Oct. 1, giving China's biggest personal computer maker a major asset to expand its business client offerings. The closing purchase price is lower than the $2.3B valuation announced in January because of a change in the valuation of inventory and deferred revenue liability, says Lenovo (OTCPK:LNVGY).

Air France pilots ended their two-week strike yesterday, even though a new collective-bargaining agreement had not been reached. The strike cost the airline more than €280M ($355M). Air France (OTCQX:AFLYY) says service will begin a progressive return to normal starting Tuesday.

NiSource's board has approved plans to split into two publicly traded companies, and will file for a new master limited partnership named Columbia Pipeline Partners. NiSource (NYSE:NI) plans to list its natural gas pipeline division as Columbia Pipeline Group, which is expected to trade on the NYSE under the ticker "COLP." NiSource itself will remain a natural gas and electric utilities business, and its listing will not change.

After announcing its exit from Venezuela this last Monday, Clorox (NYSE:CLX) says it now fears serious safety concerns at the facilities it left behind. The Venezuelan government has announced that it will be taking over the Clorox-owned plants, which manufacture bleach, cleaning liquids and other disinfectants. Despite the news, the company states that the seizure of its Venezuela assets will not affect its sales and earnings outlook for fiscal year 2015.

Australia's Treasury Wine Estates has ended talks with private equity bidders for the sale of its business. "It is now apparent to the company that the bidders are not able to support a transaction on terms and at a price acceptable to the Board," says Treasury (OTCPK:TSRYY). The last takeover approach was made by TPG Capital in early August for $3.1B, and matched a bid from KKR (NYSE:KKR) and Rhone Capital.

Another Allergan investor has spoken out against the company's pursuit of a costly Salix (NASDAQ:SLXP) purchase to fend off Valeant's (NYSE:VRX) $54B takeover bid. Jackson Square, the eighth largest investor in Allergan, now joins T. Rowe Price (NASDAQ:TROW), announcing its dissatisfaction with the newly proposed acquisition. “We appreciate the perspectives of our stockholders,” Allergan (NYSE:AGN) says in an e-mailed statement. "Allergan’s Board remains confident in the company’s ability to deliver significantly more value than Valeant’s grossly inadequate offer."

Today's economic calendar:

8:30 Personal Income and Outlays
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Outlook
3:00 PM Farm Prices

Notable earnings before today's open: CALM, CMN, FGP

Notable earnings after today's close: CTAS, SNX