BlackRock News

Legg Mason Inc. reported a second straight quarterly loss as subpar investment returns led to $18.4 billion in customer redemptions and the Baltimore-based company bailed out money funds saddled with bad debt.

Most U.S. stocks climbed for a second day after earnings reports from AT&T Inc., Pfizer Inc.

Amended shareholder and distribution agreements between BlackRock Inc. and Merrill Lynch & Co.

Posted Jul 21st 2008 1:51PM by Tom Taulli Filed under: Deals , Merrill Lynch So far, sovereign wealth funds have had bad luck with investments in U.S. financial institutions such as with Citigroup and Merrill ...

U.S. stocks advanced for a second day after JPMorgan Chase & Co. joined Wells Fargo & Co.

The FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud, an official said Wednesday of the government's latest target following the collapse of the nation's subprime mortgage market.

S&P MAINTAINS STRONG BUY RECOMMENDATION ON SHARES OF JPMORGAN CHASE : JPM posts Q2 operating EPS of $0.54, vs.

BlackRock, the largest publicly traded US asset manager, said second-quarter earnings topped analysts' estimates as US$24.2 billion of new cash flowed in from investors rattled by turmoil in the financial ...

Piracy Robs Microsoft; BlackRock Profits Rise 23%; Nokia Beats Expectations; Venezuela Lights Up U.S.; BOE's Sentance "Struck"; Coke's Earnings Hiccup; JPMorgan Earnings Surprise; Investor Outrage in Pakistan ...

PNC Financial Services Group Inc. , Pennsylvania's biggest bank by assets, reported second-quarter profit that unexpectedly jumped 19 percent as corporate lending rose.

Giant brokerage firm Merrill Lynch & Co. capped a harried quarter by announcing a net loss of $4.6 billion, or a diluted per-share loss of $4.95. Although it beat analyst expectations, which called for even ...

Merrill Lynch & Co. probably will report its fourth straight quarterly loss later today because of credit-market writedowns, analysts estimate.

BlackRock, Inc. July 17, 2008 9:00 am ET Executives Laurence D. Fink - ' Chairman, Chief Executive Officer Anne Marie Petach - ' Chief Financial Officer Robert P. Connolly - Managing Director and General ...

BlackRock today reported a jump in assets under management for the second quarter, while JPMorgan Chase and BNY Mellon said their asset totals remained unchanged from the previous quarter.

BlackRock Inc. , the largest publicly traded U.S. asset manager, said second-quarter earnings rose 23 percent after attracting investors seeking to weather the crisis in the financial markets.

Merrill Lynch & Co Inc has reached a deal to sell its stake in Bloomberg L.P. back to the news and information company for about $4.5 billion, a source familiar with the situation said on Wednesday.

Posted Jul 15th 2008 10:00AM by Paul Foster Filed under: Merrill Lynch , Options Blackrock , an investment management firm, closed at $166.63 Monday.

Franklin Templeton has given back a lot of ground in recent months. Naturally asset managers decline when the overall market falls.

New York Yankees 5 - Merrill Lynch & Co. is moving closer to selling ownership stakes in investment manager BlackRock Inc.

Brandywine Realty Trust and Philadelphia moved closer to setting the stage forluring a sizable operation of BlackRock Inc.