July 31- Asset manager Legg Mason Inc's net income rose 51 pct in the first quarter, driven by increased assets under management and lower operating expenses. Legg Mason's total operating revenue rose 3.5 percent to $693.9 million in the quarter, while operating expenses fell 2 percent to $574.3 million.» Read More
*Murata, Fujitsu jump on upbeat guidance. Dow and solid earnings from brokerage firms such as Nomura Holdings, and some manufacturers. "At least he seems to have considered not completely denying future easing," said Eiji Kinouchi, chief technical analyst at Daiwa Securities.
April 30- Private equity firm Carlyle Group LP reported an 18 percent drop in quarterly profit on Wednesday as strength in its main business of corporate buyouts was offset by weaker performances in its credit and real-estate funds.
*Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.3 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.
*Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.8 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.
NEW YORK, April 30- U.S. investors starting on Wednesday will be able to use a single exchange-traded fund to invest in China's onshore and offshore equities markets when Deutsche Asset and Wealth Management launches the first U.S.-listed ETF with broad exposure to multiple China share classes.
April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit on Wednesday as asset sales slowed and compensation costs rose. ENI was 85 cents per adjusted unit after taxes, below the average analyst estimate of $1.01, according to Thomson Reuters I/B/E/S.
*First-qtr ENI $0.85 vs est $1.01/ unit. April 30- Private equity firm Carlyle Group LP reported an 18 percent fall in quarterly profit as compensation costs rose. Total assets under management rose to $198.9 billion from $176.3 billion a year earlier.
ZURICH, April 30- Brazilian-Swiss private bank J. Safra Sarasin has agreed to buy Morgan Stanley's Swiss private banking unit, beefing up its business with the wealthy in the Middle East and Latin America.
*Q4 net profit 61.3 bln yen vs 41 bln yen analyst view. TOKYO, April 30- Nomura Holdings, Japan's biggest investment banking and brokerage group, reported its first profit decline in seven quarters as waning enthusiasm over Prime Minister Shinzo Abe's economic stimulus policies brought down stock trading volumes.
TOKYO, April 30- Nomura Holdings, Japan's biggest investment banking and brokerage group, reported a 26 percent fall in quarterly profit as waning enthusiasm over economic stimulus policies brought down stock trading volumes.
PIMCO'S MAISONNEUVE SAYS TO DEVELOP HYBRID BOND-EQUITY OFFERINGS TO HELP COMPANY REBALANCE ITS ASSETS UNDER MANAGEMENT.
*Virginie Maisonneuve to stick to existing growth strategy. By Simon Jessop and Alexander Smith. That equity expansion strategy has been honed in the three months since French-born Virginie Maisonneuve was hired by then-Chief Executive Mohamed El-Erian- before a high-profile bust-up with Chief Investment Officer Bill Gross led to El-Erian's departure.
April 29- Asset management company Northern Trust Corp said it received a subpoena from the U.S. Securities and Exchange Commission seeking documents related to the company's securities-lending activities. Northern Trust said it received the subpoena in April, without giving further details about the investigation.
April 28- Chad Leat, a retired Citigroup Inc executive who helped finance some of the world's largest leveraged buyouts, is now working as a consultant for former client Apollo Global Management LLC, people familiar with the matter said.
April 28- Financial services company Ameriprise Financial Inc reported a 19 percent rise in first-quarter profit, driven by strong income from its wealth management business and said it would buy back an additional $2.5 billion in stock.
April 25- JPMorgan Chase& Co's global chairman of investment banking and veteran deal maker James Elliott will retire in June, according to an internal memo seen by Reuters.
NEW YORK, April 25- Wary of brokers who make their money by "riding the calendar" of new stock and bond issues rather than patiently building the firm's wealth management business, Morgan Stanley is cracking down where it hurts the most: compensation.
LONDON, April 25- Usually prolific borrowers on global markets, Russian companies are finding their funding lifeblood cut off by banks and asset managers who fear their investments will get caught up in the standoff between Moscow and the West.
LONDON, April 25- The value of worldwide mergers and acquisitions announced so far this year has topped $1 trillion, only the third time deal values have surpassed this mark since records began in 1980, weekly Thomson Reuters data showed on Friday.
April 24- Wall Street's self-funded regulator said brokerage firms would have to conduct their own background checks on new recruits after critics pointed to gaps in disclosures by some brokers with checkered histories.