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BlackRock Inc

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  • Early movers: TWX, BAC, AAPL, IBM, YHOO & more Wednesday, 16 Jul 2014 | 7:53 AM ET

    Some of the names on the move ahead of the open.

  • NEW YORK, July 16- BlackRock Inc, the world's largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its products across asset classes. BlackRock's iShares exchange-traded funds business drove the bulk of the asset manager's long-term net flows during the quarter.

  • BlackRock's second-quarter profit rises 11 percent Wednesday, 16 Jul 2014 | 6:41 AM ET

    The New York- based asset manager reported net income of $808 million, or $4.72 per share, up from $729 million, or $4.19 per share, a year earlier.

  • Yellen? Here's what traders are really focused on Tuesday, 15 Jul 2014 | 6:51 PM ET
    Traders on the floor of the New York Stock Exchange.

    Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.

  • July 15- Hewlett-Packard Co interim Chairman and activist investor Ralph Whitworth will step down on Wednesday to focus on his health, the latest top-level departure from the computer maker as it struggles to return to consistent growth.

  • Here's what the Fed needs to do: STOP IT Tuesday, 15 Jul 2014 | 11:22 AM ET
    Federal Reserve Bank Chair Janet Yellen.

    Is Janet Yellen lying to Congress? Portfolio manager James Sanford has a few issues with the Fed's latest moves.

  • Will earnings tell the story markets need to hear? Sunday, 13 Jul 2014 | 6:21 PM ET
    Traders work the floor of the New York Stock Exchange before the closing bell in New York.

    Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.

  • NEW YORK, July 11- Commodity prices from cotton to corn to crude tumbled on Friday, driving a key index to its longest-ever losing streak as supply-side fundamentals grew brighter. The rout came a day after news of strain at Portugal's largest listed bank upset other financial markets with fears of financial contagion in Europe.

  • BES faces global challenge in pursuit of family debt Friday, 11 Jul 2014 | 11:31 AM ET

    LISBON/ LONDON, July 11- Banco Espirito Santo must look beyond Portugal to ensure repayment of debts linked to its founding family, whose business empire extends to Brazil, France, Switzerland, Luxembourg and Angola.

  • HONG KONG, July 10- As China hurries to extend the yuan's footprint beyond Hong Kong, it is also quickly opening up its domestic capital markets to foreign investors hungry for yield.

  • Ex-Obama advisor sees sooner Fed rate hike Wednesday, 9 Jul 2014 | 11:36 AM ET
    Alan Krueger, Bendheim Professor of Economics and Public Affairs at Princeton University.

    But the former chairman of Obama's Council of Economic Advisers insists the central bank is not yet behind the curve on interest rates based on recent economic and jobs data.

  • LONDON, July 8- Energy exchange-traded products attracted almost $200 million in June as investors moved into crude oil after civil war broke out in Iraq, the latest monthly flows data from asset manager BlackRock showed.

  • Is it everything boom, or everything bubble? Monday, 7 Jul 2014 | 10:47 PM ET
    A board of stock indicators shows upward momentum on the floor of the New York Stock Exchange.

    Around the world, nearly every asset class is expensive by historical standards.

  • *Copper market seen tilting into deficit from 2016. Copper has lost almost a third of its value from a peak in 2011 due to a slowdown in top metals consumer China, which buys about 40 percent of global output. Copper miners' shares represented by the Thomson Reuters GFMS pure-play copper companies index fell by almost 40 percent over the same period.

  • BlackRock Inc. headquarters in New York City.

    Even as BlackRock is set to amass $1 trillion in exchange-traded fund assets, investors increasingly send money to low-cost leader Vanguard.

  • NEW YORK, June 30- Even as BlackRock Inc is set to amass $1 trillion in exchange-traded fund assets in its iShares business, U.S. retail investors increasingly prefer to send their money to low-cost leader Vanguard Group, highlighting a weak spot for the world's biggest money manager.

  • BlackRock Advisors gets Wells notice from SEC Friday, 27 Jun 2014 | 4:56 PM ET
    BlackRock Inc. headquarters in New York City.

    Asset manager BlackRock disclosed on Friday that it may be facing possible civil charges by U.S. securities regulators.

  • The risks Pimco runs with its big volatility bet Friday, 27 Jun 2014 | 7:52 AM ET
    A man walks past a Pacific Investment Management Company LLC (PIMCO) advertisment which is displayed on a building in Hong Kong, China.

    Sharp market swings could hurt those selling volatility insurance. The Financial Times reports.

  • NEW YORK, June 24- Jack Bogle, a celebrity for low cost investors, faces a disconnect with his own fan base when it comes to corporate governance. Meanwhile, investors are increasingly moving cash to Vanguard and rivals like BlackRock Inc, known for index funds and other low-cost products, giving the firms more influence.

  • NEW YORK, June 23- Executives at top U.S. wealth managers say they need more technology to maintain their market-leading positions as younger investors seek to manage their money in a digital world, but research shows firms are not keeping up with client demands.