Waddell and Reed Financial News

Formula One plans to raise about $450 million for itself by selling new shares as part a $3 billion initial public offering in Singapore, said two people with knowledge of the matter.

Regional stocks wrapped up a second consecutive lackluster day on Wednesday, with small gains and declines.Leading the winners were H&R Block and Sprint, both up more than 2 percent.

NEW YORK BlackRock Inc. and two other investors bought about a 20% stake in motor-racing franchise Formula One Group for $1.6 billion ahead of its planned $2.5 billion initial public offering in Singapore, people familiar with the situation said Tuesday.The group, which also included asset manager Waddell & Reed Financial Inc.

Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday.

In two years, the 100th anniversary of World War I will be remembered, and Kansas is celebrating that history in a special way.

Imagine being an American doughboy, crouching inside a trench. Or spewing out bullets while firing a machine gun.

WDR ) after the company delivered a solid earnings beat in April, driven by strong net flows and an expanding operating margin.

Most regional stocks finished lower Tuesday as markets overall were troubled by political instability in Greece.

Next year’s Star 50* contenders already are flexing their financial muscles.

Mark Buchanan, a theoretical physicist, is the author of "The Social Atom: Why the Rich Get Richer, Cheaters Get Caught and Your Neighbor Usually Looks Like You" and two other science books.

Estimates have been rising for Waddell & Reed Financial, Inc. after the company delivered a solid earnings beat on April 30, driven by strong net flows and an expanding operating margin.

Equity mutual funds at traditional asset-management companies lost an asset-weighted average 0.8% in April, according to the last figures fromA Keefe Bruyette & Woods analyst Robert Lee .

Good morning. My name is Tabitha and I will be your conference operator today. At this time I would like to welcome everyone to the Waddell & Reed Financial First Quarter 2012 Conference Call.

Sometimes growth stocks and income-producing stocks are arrayed against each other as some sort of "bubblegum vs.

Waddell & Reed Financial Inc. recorded gains in both revenue and earnings during the first quarter thanks to market action and efforts to keep a lid on expenses.

Waddell & Reed Financial Inc. recorded gains in both revenue and earnings during the first quarter thanks to market action and efforts to keep a lid on expenses.

's stock had its "buy" rating reiterated by equities research analysts at Bank of America in a research note issued to investors on Monday.

Asset manager Waddell & Reed Financial Inc reported a quarterly profit above market estimates for the first time in three quarters, as a strong stock market led to higher investments into the company's funds.