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BlackRock Inc

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  • Early Movers: CVD, BLK, HLF, AAPL, PG & more Monday, 3 Nov 2014 | 7:53 AM ET
    A trader works on the floor of the New York Stock Exchange.

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

  • Nov 1- Voters in several U.S. states will decide the fate of $44.7 billion in borrowing and other budget measures on Tuesday, with investors in the $3.7 trillion municipal bond market focused mainly on large offerings in California and New York. "Just two states, California and New York, are presenting voters with meaningful bond measures for approval," Peter Hayes,...

  • *ECB hires Deutsche, ING, State Street, Amundi. By Kathrin Jones and Eva Taylor. FRANKFURT, Oct 30- The European Central Bank hired four major asset managers to carry out from November its purchases of securitised private debt, one of the stimulus measures the bank hopes will stave off deflation in the euro zone.

  • A handful of the Nov. 4 races such as the dead heat in Illinois, possibly the most fiscally dysfunctional state, shape up as de facto referendums on reform and their results could make municipal bond investors alter their bets. "People are not so much voting for governor in some of these states but how they want the pensions addressed," said Craig Brandon, Co-Director...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • *Snapdeal' potential to be India's Alibaba'- Softbank's Son. *Funds needed to tackle rivals in India online retail boom. Masayoshi Son, chief executive of SoftBank, laid out a 10- year investment plan for India on Tuesday, starting with the purchase of a $627 million stake in fast-growing online marketplace Snapdeal.

  • Softbank pumps $627 million into India's Snapdeal Monday, 27 Oct 2014 | 11:00 PM ET

    Japanese telecommunications and internet giant Softbank Group announced on Tuesday that it invested $627 million in Indian online retailer Snapdeal.

  • Oct 27- BlackRock on Monday became the latest asset manager to lower fees on some of its bond funds in recent weeks. BlackRock's fee cut, which follows similar changes by Lord Abbett and OppenheimerFunds, comes after the high-profile departure of Bill Gross from Pacific Investment Management Co in late September and could help the firm capture some of the...

  • Oct 27- BlackRock is lowering the fees on three of its bond funds, including its $4 billion Total Return Fund, according to a filing with the Securities and Exchange Commission Monday morning. BlackRock's move comes just weeks after the departure of Bill Gross from Pacific Investment Management Co.. "BlackRock regularly evaluates fund fees and expenses to...

  • Oct 27- BlackRock is lowering the fees on its Total Return Fund, Low Duration Fund and Core Bond Fund, according to a filing with the Securities and Exchange Commission Monday morning. "BlackRock regularly evaluates fund fees and expenses to ensure that they remain competitive as the marketplace evolves," a spokeswoman said in a statement. "By implementing the new...

  • Oct 27- BlackRock is lowering the fees on its Total Return Fund, Low Duration Fund and Core Bond Fund, according to a filing with the Securities and Exchange Commission Monday morning. Institutional shares for the BlackRock Core Bond Fund will be 45 basis points, down from 56 basis points. B-shares of the BlackRock Low Duration Bond Fund will now cost 154 basis...

  • Hedge-fund cool: Charity jam for 'Rocktoberfest' Friday, 24 Oct 2014 | 10:43 AM ET
    Tim Seymour of CNBC and Triogem Asset Management sings at Hedge Fund Rocktober Fest in New York on Oct. 22, 2014.

    Wall Streeters traded their Bloomberg terminals for guitars and sunglasses to rock out for a good cause this week.

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • BOSTON, Oct 21- U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations. Through September, corporate bond portfolios boosted their holdings of U.S....

  • Larry Fink: Wall Street needs to help society Wednesday, 22 Oct 2014 | 11:03 AM ET
    Larry Fink, CEO of BlackRock Investments.

    Big name investors like Dan Loeb and David Einhorn helped raise $6 million to fight poverty at a charity event in New York City.

  • Retirees, we have a problem: BlackRock's Fink Sunday, 19 Oct 2014 | 9:00 AM ET
    Larry Fink, Chairman & CEO of BlackRock

    One of Wall Street's biggest names said Americans are not nearly as prepared as they should be for retirement, which could be a costly error.

  • "Technical market factors, not fundamentals, were at play here" during the bond market rally, BlackRock's chief investment officer of fundamental fixed income, Rick Rieder, said in a statement on Wednesday, blaming the bond market rally on large players unwinding bets on rising Treasuries yields in the futures markets. New York- based BlackRock, which oversees...

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks closed down on Wednesday but recovered significantly from historic intraday losses amid concerns about Europe, Ebola and the economy.

  • Everything's falling: But it's not all bad Wednesday, 15 Oct 2014 | 3:37 PM ET
    Gas prices fall under $3 a gallon in Holbrook, MA.

    Falling oil prices are stoking worries about economic growth, but some say lower energy costs could boost consumers.