BlackRock News

A customer uses a Bank of America ATM in Charlotte, N.C., Friday, July 17, 2009.

As part of Bank of Americaa s plan to repay its bailout funds under the Troubled Asset Relief Program, the Federal Reserve is requiring the Bank of America to decide which businesses it can sell to generate capital by the beginning of the Summer.

Now that Bank of America Corp. is freeing itself from the government restrictions that hampered its search for a new CEO, the company should look more appealing to prospective candidates, especially those from outside the company.

Bank of America Corp's planned repayment of $45 billion in U.S. bailout funds opens a cornucopia of potential CEO candidates, as the company looks to emerge from nearly a year of intensive government oversight.

BlackRock, Inc. today announced that it has completed its merger with Barclays Global Investors , including the market-leading iShares@ exchange traded funds business.

Investment manager BlackRock Inc. said Tuesday that it has completed its acquisition of Barclays Global Investors, including the purchase of the iShares exchange traded funds business.

Anthracite Capital Inc. on Tuesday said it defaulted on debt payments, and the specialty finance company may not be able to continue to operate.

Gold jumped to a record above $1,200 an ounce in New York as declines in the dollar and higher commodity prices spurred investor demand for an inflation hedge.

BlackRock Inc. plans to eliminate 89 jobs based in San Francisco by Jan. 8, according to a filing with the California Employment Development Department.

Marathon Asset Management LP will get money from a government program to buy toxic assets from banks without raising the full $500 million set as a minimum for participation, a Treasury official said.

In the wake of the potentially crippling state appeals court decision over rent destabilization at Stuyvestant Town and Peter Cooper Village last month, the complex's owners are creeping closer and closer to default.

Late Friday, Yum Brands declared its quarterly dividend of 21 cents per share, maintaining the amount paid last quarter.

Nov. 25 -- Dennis Stattman, a fund manager for BlackRock Inc., talks with Bloomberg's Margaret Brennan about his investing strategy for emerging markets, particularly Asia.

Calpers, the biggest U.S. public pension fund, is considering dumping asset manager BlackRock Inc as its real estate consultant, the Wall Street Journal said, citing people familiar with the matter.

Nov. 25 -- Former U.S. Securities and Exchange Commission Chairman Arthur Levitt talks with Bloomberg's Deirdre Bolton about the regulation of credit-ratings companies.

Tenants of Stuyvesant Town and Peter Cooper Village, the Manhattan apartment complexes facing default by landlords Tishman Speyer Properties LP and BlackRock Realty, expect an escrow account containing disputed rent payments to reach $16 million by year-end. A portion of the tenanta s rent has been going into escrow since March, pending resolution ...

BlackRock, Inc. today announced that quarter-end portfolio data for its closed-end funds, as of September 30, 2009, is now available.

AN unremarkable village setting in Co Kilkenny seems an unlikely address for the shamed high-society investment tycoon Breifne O'Brien. Yet the quiet hamlet of Thomastown is apparently where Mr O'Brien, 48, now calls home.

Nov. 20 -- Jerome Kenney, a senior adviser at BlackRock Inc. and former vice chairman at Merrill Lynch & Co., talks with Bloomberg's Matt Miller about funding for Ivy League athletics.

WHEATON, Ill.-- --First Trust Strategic High Income Fund has declared the Fund's regularly scheduled monthly common share distribution payable on December... SACRAMENTO, Calif.-- --The red lights are flashing and the warning bells are sounding, the crossing gates are coming down and a 6,000 ton locomotive is speeding toward a vehicle at 55 mi...