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BlackRock Inc

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  • *Yet sterling up solidly on the year, FTSE rides high. Neither risk materialized and the bounce in the pound after Prime Minister David Cameron's re-election with an unexpected outright majority could be viewed as a sign of investors' faith that he can weather the third of the trio- a vote on Britain's EU membership. "The market believes that whether now or later on...

  • *Yet sterling up solidly on the year, FTSE rides high. Neither risk materialised and the bounce in the pound after Prime Minister David Cameron's re-election with an unexpected outright majority could be viewed as a sign of investors' faith that he can weather the third of the trio- a vote on Britain's EU membership. "The market believes that whether now or later on...

  • HONG KONG/ SINGAPORE, May 22- The blistering sell-off in Chinese solar firm Hanergy Thin Film Power Group this week burnt several index-tracking stock funds, exposing the flaws in some of these investment structures especially in volatile markets like China. China- focused equity ETF and index assets under management have grown more than three-fourths to...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders on Thursday approved a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after internal missteps. The California Public Employees' Retirement System and the New York City Pension...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders will vote Thursday on a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after internal missteps. Vanguard Group and BlackRock Inc, major investors that hold significant stakes in...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • Big bond funds see opportunities amid global rout Tuesday, 19 May 2015 | 9:21 AM ET

    Much of that selling has come from players with shorter-term horizons such as hedge funds and momentum funds, however, and bond market giants PIMCO, Blackrock, Amundi and Aberdeen Asset Management told Reuters they have seen almost no outflows. But clients are cutting exposure to index-linked paper in favor of peripheral euro zone bonds or even subordinated...

  • In the first, Forrest rejected an attempt by funds from BlackRock Inc, Allianz SE's Pacific Investment Management Co and TIAA-CREF to hold US Bancorp liable for alleged defects in 843 RMBS trusts collateralized by $778.6 billion of loans, causing tens of billions of dollars of losses. Separately, Forrest said the National Credit Union Administration lacked...

  • NEW YORK— When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into online lenders and discovered a growing part of the sharing economy...

  • NEW YORK— When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into online lenders and discovered a growing part of the sharing economy...

  • *Focus is on getting Hong Kong- Shenzhen trading link off ground. HONG KONG, May 14- China's plan to allow cross-border sales of investment funds between the mainland and Hong Kong appears to have lost momentum after opposition from domestic money managers who fear being overwhelmed by global competitors, industry players say. But China seems, instead, to be...

  • Nelson Peltz, who runs the $11 billion Trian Management hedge fund, was dealt a rare setback when investors, including pension fund Calpers, sided with DuPont CEO Ellen Kullman to rebuff his attempt to win four board seats and press the company into breaking itself up. For example, Peltz's partner Ed Garden joined the Bank of New York Mellon board last year, and...

  • More mutual funds are investing in tech start-ups Wednesday, 13 May 2015 | 11:19 AM ET
    Silicon Valley

    Mutual fund giants aren't just interested in publicly traded companies. Increasingly, they also want to own a piece of red-hot start-ups.

  • Retail sales will decide whether bears come back Wednesday, 13 May 2015 | 5:58 AM ET
    A customer leaves a Tory Burch store on Madison Avenue in New York, Sept. 3, 2014.

    April's retail sales report Wednesday could bring back the bond bears if it shows a nice rebound in the economy.

  • Vanguard Group, Guggenheim Investments and First Trust are among U.S. fund companies that have lined up new bank guarantees or expanded ones they already had, recent company filings show. "You want to have measures in place in case there are high volumes of redemption so you can meet those redemptions without severely impacting the liquidity of the underlying...

  • Retail sales will decide whether the bears are back Tuesday, 12 May 2015 | 3:14 PM ET
    A customer leaves a Tory Burch store on Madison Avenue in New York, Sept. 3, 2014.

    April's retail sales report Wednesday could bring back the bond bears if it shows a nice rebound in the economy.

  • HONG KONG, May 12- International watchdogs have yet to make the case for labelling large asset managers systemically risky, a leading regulator has said, in comments that are set to further fuel a raging debate over whether such firms can be too big to fail. The Financial Stability Board has proposed adding big asset management firms such as Fidelity, BlackRock...

  • Disruptor 50: No. 6 Dropbox Tuesday, 12 May 2015 | 7:00 AM ET
    Arash Ferdowsi (left) and Drew Houston, co-founders of Dropbox

    An MIT grad invented this cloud file-sharing technology that has become a ubiquitous tool used by more than 300 million people worldwide.

  • *Cash-and-share offer at 449 Sfr rebuffed by Syngenta. *Syngenta flags deal risks, including from regulators. LONDON, May 8- Major investors in Swiss agrochemicals firm Syngenta are confident a deal with Monsanto will come off if the U.S. firm ups its initial $45 billion bid by at least 10 percent.