BlackRock News Archives

Mutual funds run by companies including BlackRock Inc. and T. Rowe Price Group Inc.

SL Green Realty Corp. and its Gramercy Capital Corp.'s investment in the Stuyvesant Town Peter Cooper Village is in deep trouble because of a recent court ruling that would severely compromise its ability to repay its debt .

Bank of America can't seem to find any qualified candidates that actually want to be the company's next CEO, according to a new report from the Wall Street Journal.

In what's shaping up to be a quarter of mixed results for asset managers, Franklin Resources Inc.

BlackRock, Inc. today announced that it released data for its closed-end municipal funds for September 2009.

But as we move to a new phase, a time of slow but seemingly steady recovery, some of the biggest players might seem more on the fringe - academics, advisers, even a lobbyist.

Fidelity Investments, the worlda s largest mutual fund manager, is offering online trading for international stocks as it advises investors to keep as much as 30 percent of their equity holdings outside the U.S. Individual investors can use the system to trade in 12 foreign markets in eight currencies, James Burton , president of Fidelitya s retail ...

BlackRock Inc.'s chairman Laurence Fink said the U.S. economy will experience slow growth in the near-term but also chided the financial services industry for its role in the recent recession.

Are Tishman Speyer Properties LP and BlackRock Realty -- a unit of BlackRock Inc.

The government's increased scrutiny of Wall Street's fiduciary obligations will prompt a wave of mergers and acquisitions in the investment management industry, according to Laurence D. Fink, chairman and CEO of BlackRock Inc.

Despite posting third-quarter earnings up 88 percent from a year ago, PNC Financial Services Group Inc.

The state's highest court dealt a financial blow on Thursday morning to the already beleaguered owners of the sprawling Stuyvesant Town and Peter Cooper Village complexes in Manhattan when it ruled that they improperly began charging market rents on thousands of apartments.

BlackRock experienced a larger-than-expected rise in profit in the third quarter as the asset management company rose to profitability with high assets under management.

Set to announce third quarter earnings on Thursday, PNC Financial Services Group Inc., Pittsburgh's largest bank, is vastly changed from a year ago.

SSgA reported $1.74 trillion in assets under management as of Sept. 30, while BlackRock assets reached a new high at $1.435 trillion, Bank of New York Mellon reported $966 billion and Invesco reported $416.9 billion.

THE RESULTS ARE IN and BlackRock is clearly pulling ahead in the race of asset managers to milk investors rushing back into markets.

BlackRock, Inc. October 20, 2009 9:00 am ET Executives Ann Marie Petach -- CFO Robert Connolly -- General Counsel Laurence Fink -- Chairman and CEO Sue Wagner -- Vice Chairman and COO Analysts Roger Smith -- Fox-Pitt Kelton William Katz -- Buckingham Research Mike Carrier -- Deutsche Bank Roger Freeman -- Barclays Capital Marc Irizarry -- Goldman ...

BlackRock Inc. , the biggest publicly traded U.S. asset manager, said third-quarter net income rose 46 percent as fund sales and the value of the companya s investments benefited from the rally in financial markets.

Investor expectations are high for BlackRock Inc when the New York asset manager releases third-quarter earnings on Tuesday.

Invesco Ltd. , manager of the Aim and PowerShares funds, agreed to buy Morgan Stanleya s retail investment management business, including the Van Kampen unit, for $1.5 billion in stock and cash.

Tags: BlackRock , Barclays Global Investors , Security Valuation , Analytics , Rob Goldstein , Tom Fortin , Risk Management , Credit Crisis , In the wake of the financial crisis, BlackRock has emerged as one of the most valued and influential advisers to the U.S. government.

Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities.

Treasury Inflation Protected Securities are the bonds money managers cana t afford not to own.

The offer by BlackRock Enhanced Government Fund, Inc. to repurchase up to 5% of its outstanding shares of common stock from its stockholders will commence on October 23, 2009.

If the Stuyvesant Town Peter Cooper Village residential complex goes into foreclosure, a bidder who lost out three years ago in the auction of the property will be ready with money to acquire the 80-acre Manhattan apartment development.

Stuyvesant Town and Peter Cooper Village, a huge Manhattan apartment complex that became the largest residential deal in New York's history, could be headed for default as early as December, according to Trepp, a firm that tracks commercial mortgage securities.

The Wall Street Journal reported that the Stuyvesant Town apartment complex on Manhattan's East Side, which was bought by a Tishman and BlackRock joint venture in 2006 for 5.4 billion dollars, may default on its debt by the end of the year.

The residential real estate market is showing signs of improving, but the commercial sector is still deteriorating, experts said this morning at the Virginia Commonwealth University's 19th Annual Real Estate Trends Conference at the Greater Richmond Convention Center.

BLACKROCK , the giant investment adviser, invested tens of millions of its clients' cash in Xerox stock over the past few years in hopes that the office-products company could regain its past glory.

Treasury Secretary Timothy Geithner has kept in frequent contact with a small group of Wall Street firms since taking the helm at the Treasury, speaking most often with top officials from Citigroup Inc.

By Ed Leefeldt It's no secret that insurance companies, and the state regulators that watch them, are dissatisfied with the performance of the three credit rating agencies.

Hedge funds had another good month in September as some managers got a boost from the impending launch of a government-backed program to mop up toxic assets in the wake of the financial crisis, Chicago-based Hedge Fund Research said Wednesday.

AUSTIN, Texas & JACKSONVILLE, Fla.-- --NetSpend, a leading provider of prepaid reloadable debit cards and Winn-Dixie Stores, Inc.

Investment manager BlackRock Inc. on Friday said Bank of America executives Sallie Krawcheck and Mark D. Linsz joined its board.

Ren Tec's Simons retiring; Zoe Cruz is back - opening a $200M distressed hedge fund; Tim Geithner calling: Can I speak to Lloyd? Can I speak to Jamie?; Labor group turns to pay czar to limit B of A's Lewis' retirement largesse; Blackrock says apartment values decline likely not over; B of A selling Lehman claim? Submitted by WSF on 10/09/2009 No ...

U.S. apartment values, down about 35 percent from their peak, will probably fall further as rising unemployment cuts demand for rentals, said Ronald Zuzack, managing director of BlackRock Inc.

For those worried about the Federal Reserve gaining too much power, remember this: the central bank at least answers on occasion to the government, which can revoke its charter and authority.

U.S. asset manager BlackRock Inc is in the running to help state regulators estimate risks in insurers' investments, the Wall Street Journal said, citing regulators and a National Association of Insurance Commissioners official.

The Ohio Tuition Trust Authority has added an investment option for clients with the addition of a new adviser-sold plan through New York-based BlackRock Advisors LLC .

Much like Goldman Sachs, BlackRock is a financial company that's delivered big gains for its shareholders over the past five years.

U.S. financial advisors are due for upheaval as baby boomers, controlling $10 trillion in assets, reach retirement age and shift their investment priorities, said a senior executive at asset manager BlackRock Inc .

BlackRock Advisors, LLC and the Board of Directors of BlackRock Broad Investment Grade 2009 Term Trust, Inc.

While Brazil will have to wait until 2016 for the Olympics to arrive, global money management powerhouses stand to gain access much sooner to the country's pension funds.

An American cardinal on Sunday issued a plea for the rights of the unborn at a church service that included Vice President Joe Biden, six members of the Supreme Court and hundreds of members of the legal community.

WASHINGTON a " Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.The Treasury Department said Alliance Bernstein LP and BlackRock Inc., both headquartered in New York City, and Wellington Management Co., based in Boston, had all raised the ...

To mark the 10th anniversary of BlackRock's initial public offering on the New York Stock Exchange, CNBC will broadcast a special edition of its "Closing Bell" program today, live from BlackRock's 5th floor at 40 East 52nd Street.

The looming winter and a white knight named BlackRock could offer new hope for a settlement at Kenwood Towne Place , the mixed-use development site crippled by liens and litigation, the most recent of which was filed Oct.