U.S. stock futures were sharply higher this morning, after Monday's strong gains on Wall Street. » Read More
SAN MATEO, Calif. _ Franklin Resources Inc. on Wednesday reported fiscal second-quarter earnings of $360.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Franklin Resources shares have increased 9 percent since the beginning of the year, while the Standard& Poor's 500 index has...
Is it time to look for investment opportunities among big asset management firms? Mike Santoli takes a look.
The decline in junk bonds is putting pressure on higher quality corporate debt in an energy "daisy chain," billionaire Wilbur Ross tells CNBC.
Goldman Sachs released a report that discusses the high-yield market's impact on asset managers.
BOSTON, Dec 11- U.S. junk bond fund managers said on Friday they are shying away from big cash trades after liquidity in the high-yield market took another hit from the meltdown of the Third Avenue Focused Credit Fund. Third Avenue's decision this week to block redemptions and liquidate a fund with $789 million in assets jolted Wall Street and caught the...
BOSTON, Dec 11- U.S. junk bond fund managers said on Friday they are shying away from big cash trades after liquidity in the high-yield market took another hit from the meltdown of the Third Avenue Focused Credit Fund. "Liquidity is bad," said Gershon Distenfeld, portfolio manager of AllianceBernstein's $5.8 billion High Income Fund. "There's not a lot of cash bond...
Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record, the Financial Times reports.
CNBC senior markets commentator Michael Santoli lists out-of-favor stocks that may make them attractive to underperforming money managers.
BOSTON, Nov 25- In a setback for Franklin Resources Inc that could have implications for other asset managers, a U.S. regulator declined to let the California company skip a shareholder vote over its record on climate change, according to materials provided by activists on Wednesday. The decision by a U.S. Securities and Exchange Commission official should help...
Delphi Management founder Scott Black says the S&P 500 is already "fully valued," while small- and mid-cap companies are "overvalued."
Susan Byrne, founder and chairman of Westwood Holdings, is making a bet that eBay will likely issue a dividend following the spin off of PayPal.
Delphi's Scott Black takes a very diversified approach to the Squawk Box Platinum Portfolio.
Susan Byrne, a member of the "Squawk Box" Portfolio Challenge, likes three companies that raised their dividends three times each over the last decade.
Franklin Resources on Monday reported fiscal fourth-quarter profit of $640.6 million.
Mutual funds that hold municipal bonds in Puerto Rico are suing the commonwealth over its newly passed law dealing with bankruptcy.
Michael Hasenstab said that Japan's easy money policy will bolster global liquidity, but he warned that debt conditions there are worrisome.
U.S. stock index futures pointed to a higher open on Monday, after Pfizer confirmed it had made a second bid for AstraZeneca.
US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.
U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands.
Check out which companies are making headlines after the bell Thursday: