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BlackRock News

News on BlackRock continually updated from thousands of sources around the net.

6 hrs ago | Bloomberg.com

Legg Mason Posts Second Straight Loss; Shares Rise as Withdrawals Decline

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.

Comment?

Related Topix: Financial Services, Investment Services, T Rowe Price Group, Legg Mason

Thu Jul 24, 2008

Bloomberg

U.S. Stocks Advance on Oil's Drop, Plan to Rescue Fannie Mae, Freddie Mac

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

Comment?

Related Topix: Biotech, Pfizer, Medicine, Healthcare Industry, iPhone, Startups, Yahoo!, Financial Markets, Search Engines, Media, Computers, Investment Services, Financial Services

Wed Jul 23, 2008

Market Watch

BlackRock amendment gives Merrill flexibility: analysts

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

Comment?

Related Topix: Financial Services, Investment Services, Merrill Lynch and Co

Mon Jul 21, 2008

Blogging Stocks

Sovereign wealth funds: Still an appetite for US financial institutions?

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 ...

Comment?

Related Topix: Financial Services, Merrill Lynch and Co, Investment Services

Bloomberg

Stocks in U.S. Rise as JPMorgan Profit Tops Estimates, Housing Starts Gain

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

Comment?

Related Topix: Banking, JP Morgan Chase , Financial Services, Investment Services, Wells Fargo , Transportation, Airlines, Continental Airlines

Sun Jul 20, 2008

StarTribune

FBI investigating IndyMac for possible fraud

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.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Services, IndyMac Bancorp, Merrill Lynch and Co, Investment Services

Sat Jul 19, 2008

BusinessWeek

S&P Picks and Pans: JPMorgan, eBay, Nokia, Harley Davidson, BlackRock

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

Comment?

Related Topix: Wireless, Telecom, Nokia, Financial Services, Investment Services, eBay, Startups, Motorcycles, Harley-Davidson Motorcycles

The Standard

BlackRock Earnings Rise 23pc

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 ...

Comment?

Related Topix: Financial Services, Investment Services

Money Morning

Global Investing Roundups

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 ...

Comment?

Related Topix: PC, Microsoft, Software, Financial Services, Investment Services, Beverages, CocaCola, Computers, Banking, Ubs Ag

Fri Jul 18, 2008

Bloomberg Business News

PNC Financial Net Rises 19%, Topping Analysts' Estimates on Higher Loans

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

Comment?

Related Topix: Rochester Metro, Rochester, NY, Pnc Financial Services GroupThe, Banking, Financial Services, Investment Services

On Wall Street

Merrill Takes Profit Hit in 2Q08, Completes Asset Sales

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 ...

Comment?

Related Topix: World News, Germany, Financial Services, Merrill Lynch and Co, Investment Services, Media, IT Services

Bloomberg.com

Merrill Lynch May Report Fourth Straight Quarterly Loss on Debt Writedowns

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

Comment?

Related Topix: Banking, Financial Services, Merrill Lynch and Co, Investment Services, Citigroup, World News, Germany, Media, IT Services

Thu Jul 17, 2008

Seeking Alpha

BlackRock, Inc. Q2 2008 Earnings Call Transcript

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 ...

Comment?

Related Topix: Financial Services, Investment Services

Pensions & Investments

BlackRock assets up; JPMorgan, BNY Mellon flat

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.

Comment?

Related Topix: Financial Services, Investment Services, Merrill Lynch and Co

Bloomberg

BlackRock Net Climbs 63% as Fund Investors Seek Haven From Market Turmoil

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.

Comment?

Related Topix: Financial Services, Investment Services, Merrill Lynch and Co

Wed Jul 16, 2008

Reuters

Merrill to sell Bloomberg stake: source

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.

Comment?

Related Topix: Manufacturing, Industrial Machines, Commercial Printing, Electronics, Financial Services, Merrill Lynch and Co, Investment Services, Media, IT Services

Tue Jul 15, 2008

Blogging Stocks

Option Update: Blackrock volatility elevated into EPS & outlook

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

Comment?

Related Topix: Financial Services, Investment Services, Merrill Lynch and Co

Mon Jul 14, 2008

Seeking Alpha

Opportunity Now in Franklin Templeton

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

Comment?

Related Topix: Financial Services, T Rowe Price Group, Investment Services, Marketing

Sat Jul 12, 2008

Earthlink

Obama lumps McCain in with Bush on economy

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

Comment?

Related Topix: Financial Services, Investment Services, US Politics, John McCain, US News, Media, IT Services, Barack Obama, George Bush

Fri Jul 11, 2008

Philadelphia Business Journal

Compromise softens opposition to controversial Pa. KOZ

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

Comment?

Related Topix: Philadelphia, PA, Real Estate, Brandywine Realty Trust, Financial Services, Investment Services

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