"It's not just don't put money in bonds. You need to rethink how you put your money in bonds," BlackRock's chief investment strategist for fixed income says.» Read More
NEW YORK, July 29- Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.
WASHINGTON, July 23- U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.
NEW YORK— The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. Microsoft also announced results that beat forecasts.
The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.
The new additions, who joined Deutsche Asset& Wealth Management from BlackRock Inc and TS Capital LLC, are part of a broader expansion effort as Deutsche looks to build out its ETP footprint in the United States. He was formerly a director for BlackRock's iShares sales and distribution strategy team and has spent nearly 15 years covering exchange-traded funds.
Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.
SAN FRANCISCO— In a story July 17 about the retirement of longtime Apple Inc. director Bill Campbell, The Associated Press reported erroneously that late Apple CEO Steve Jobs had battled prostate cancer. Former Steve Jobs confidant leaves Apple's board, replaced by BlackRock founding partner.
Macedonia and South Africa successfully tapped bond markets on July 17, as buyers turned a blind eye to the ongoing Russian bond rout caused by U.S. sanctions and the bringing-down of a passenger plane on its border with Ukraine. And the bank crisis and resulting stock market tumble in Bulgaria made barely a ripple in neighbouring Romania or Hungary.
LONDON, July 17- Political instability and a worsening economic outlook mean major emerging markets such as Argentina, Brazil and Russia are riskier places to invest, according to a closely watched index.
SAN FRANCISCO— One of the most trusted advisers to late Apple CEO Steve Jobs is retiring from the iPhone maker's board of directors. Bill Campbell's departure after 17 years on Apple Inc.' s board cleared the way for the company to appoint Susan Wagner, a founding partner of money manager BlackRock, as a director.
Apple said on Thursday that Susan Wagner, founding partner of BlackRock, had been appointed to its board.
July 17- Apple Inc said Susan Wagner, founding partner of BlackRock Inc, had been appointed to its board. Campbell is chairman of Intuit Inc, the developer of tax-preparation software TurboTax. Besides BlackRock, Wagner also serves on the boards of DSP BlackRock, as well as Swiss Re, Wellesley College and Hackley School.
LONDON, July 17- Investment funds focused on emerging economies or high-yield debt may be unable to return investors' money promptly if turmoil hits markets, the Bank of England's financial stability chief warned on Thursday.
Stocks climbed on Wednesday, with investor sentiment lifted by corporate earnings, deals and better-than-expected data on growth in China.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
Bank results are on a roll, and it's picking up speed. Yet these stocks are starting to look pricey.
BlackRock delivered quarterly earnings that topped analysts' expectations on Wednesday.`
U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.
NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.
Some of the names on the move ahead of the open.