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BlackRock Inc

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  • Oil's slide shakes up the junk-bond market Friday, 19 Dec 2014 | 1:34 PM ET

    NEW YORK— Oil's slump didn't just hit the stock market, it's shaken up the junk-bond market, too. If the index were to end December at that level, it would mark the biggest two-month slump since June 2013. By comparison, a broader Barclays index tracking the entire bond market, which includes corporate bonds with better credit ratings and Treasurys, is largely...

  • NEW YORK, Dec 12- Holders of U.S. inflation bonds are feeling the pain as tumbling oil prices intensify fears of global disinflation and a possible interest rate increase by the Federal Reserve next year. Treasury Inflation-Protected Securities, commonly known as TIPS, become more popular when investors sense inflation is quickening. Since September,...

  • Asian stocks rise after upbeat US retail sales Thursday, 11 Dec 2014 | 3:52 AM ET

    NEW YORK— Good news on U.S. retail sales lifted the stock market Thursday, although worries about the latest plunge in oil prices kept the gains in check. Investors are caught between two conflicting thoughts: the improving U.S. economy, lower energy costs and higher consumer spending are expected to boost profits for many companies. But the global economy isn't...

  • Tesco's troubles split funds seeking oversold stocks Wednesday, 10 Dec 2014 | 12:03 PM ET

    *Harris Associates a big seller. LONDON, Dec 10- A halving of Tesco's share price is luring only the boldest active fund managers back into Britain's top supermarket group, with many still unpersuaded it can recover from a year of disasters. While still Britain's biggest grocer by far, Tesco's days of achieving startling growth appear to be over.

  • UK pub chain, Heineken clash over beer cost Tuesday, 9 Dec 2014 | 9:07 AM ET

    The episode underscores anti-competitive practices in Ireland, where entrenched publicans and the country's dominant brewers, Heineken and Diageo, are hoping to prevent Wetherspoon's from gaining a significant presence that could force competitors to cut the average retail price of a pint nearly in half. Wetherspoon's said Tuesday it has stopped...

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in their target-date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters. About 41 percent of 401 plan...

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in some 401 retirement plans, including target date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters.

  • Dec 4- Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest funding round. The new funding, which valued the firm at $40 billion, the planned debt sale and a previous $1.2 billion funding gave Uber more flexibility around the timing of an...

  • NEW YORK, Dec 4- When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo& Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California- based money manager. For example, the two-year-old, $576 million JPMorgan Global Bond Opportunities Fund, received $346...

  • Dec 4- Uber said it raised $1.2 billion in its latest funding round and had additional capacity remaining for strategic investments, valuing the U.S. taxi service firm at $40 billion. Kalanick did not say who made the investment in the ridesharing company, which counts Goldman Sachs and Google Ventures among its existing investors. Uber was valued at $18.2...

  • U.S. swaps regulator wants tighter clearing house rules Thursday, 4 Dec 2014 | 11:17 AM ET

    WASHINGTON, Dec 4- Regulators should consider tighter rules for clearing houses given their crucial role as guardians against market routs after the 2007-2009 credit crisis, a senior U.S. swaps regulator said on Thursday. The Commodity Futures Trading Commission should take a first step towards subjecting clearing houses to more standardized regular...

  • NEW YORK, Dec 4- When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo& Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California- based money manager. For example, the two-year-old, $576 million JPMorgan Global Bond Opportunities Fund, received $346...

  • Why it may be harder to pick winners in 2015: Lee Thursday, 4 Dec 2014 | 8:59 AM ET
    Thomas Lee

    Stock picker Thomas Lee tells CNBC picking winners and losers will be more difficult in 2015 but he's still bullish.

  • Obama: Republicans unlikely to support infrastructure Wednesday, 3 Dec 2014 | 12:47 PM ET
    President Barack Obama addresses a group of business leaders at the quarterly meeting of the Business Roundtable in Washington,DC on December 3, 2014.

    President Obama tells the Business Roundtable "it makes no sense that we have a first-class economy with second-class infrastructure."

  • Top CEOs tell Congress and Obama to get to work Wednesday, 3 Dec 2014 | 12:08 PM ET
    Randall Stephenson, CEO of AT&T.

    American CEOs gathering in Washington, D.C., tell CNBC corporate tax reform and less burdensome regulations could help unlock the economy's potential.

  • 10-year yield could dip under 2%: BlackRock's Fink Wednesday, 3 Dec 2014 | 9:28 AM ET
    Larry Fink

    BlackRock's Larry Fink tells CNBC he sees bond yields under pressure in the short term as stocks motor ahead.

  • SINGAPORE, Dec 3- Gold slipped for a second straight session on Wednesday to trade below $1,200 an ounce as weaker oil prices and a stronger dollar diminished the metal's appeal as a hedge. *Spot gold had eased 0.2 percent to $1,196.60 an ounce by 0037 GMT, after falling 1 percent in the previous session. *SPDR Gold Trust, the world's largest gold-backed...

  • Oil price collapse roils US junk bond funds Tuesday, 2 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 2- Collapsing energy prices have hit hard U.S. corporate junk bond funds, putting them on track for their worst performance in six years by squeezing the exploration and drilling companies that have been among most active issuers of high-yield debt. Last week's decision by the Organization of the Petroleum Exporting Countries to refrain from...

  • Lending Club seeks up to $692 million in IPO Monday, 1 Dec 2014 | 9:28 AM ET
    Renaud Laplanche, co-founder and CEO of Lending Club.

    The lending platform is hoping that Wall Street will flock to buy into its forthcoming initial public offering. The NYT reports.

  • EU regulatory concerns curb China stock link volumes Wednesday, 26 Nov 2014 | 5:57 PM ET
    Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchange.

    Concerns by Europe's top funds watchdog that the Hong Kong-China trading link may not adequately protect investors are preventing thousands of funds from buying Shanghai stocks.