BlackRock Inc


  • AIG Seeking to Boost Capital to Avoid Downgrade Friday, 12 Sep 2008 | 5:20 PM ET

    Troubled insurance giant American International Group  has hired JP Morgan Chase to advise on raising new capital or come up with some kind of deal that infuses the company with enough money to prevent a possible dowgrade, CNBC has learned..

  • BlackRock to Create Fund to Buy Leveraged Loans Wednesday, 3 Sep 2008 | 1:40 PM ET

    BlackRock is trying to raise some $3 billion to create a second fund that will buy distressed debt that banks are trying to unload because of the credit crisis, a person with knowledge of the deal said on Wednesday.

  • Lehman CEO Racing Clock To Save His Job—And Firm Tuesday, 19 Aug 2008 | 12:56 PM ET
    Dick Fuld

    Lehman Brothers Holdings Chief Executive Dick Fuld is running out of time not only to keep his job as CEO but have the Wall Street firm remain independent.

  • BlackRock's Doll: Bearishness Is Good Friday, 15 Aug 2008 | 6:43 PM ET

    Negativity about the stock market is rampant, and to BlackRock Vice Chairman Bob Doll, that is a healthy sign. Doll is BlackRock's chief investment officer for global equities, and he visits plenty of financial advisers. "The mood is very thick," he said. "To the contrarian, it feels good."

  • Lehman Working Feverishly on Asset Sales Sunday, 10 Aug 2008 | 5:52 PM ET
    Lehman Brothers

    Lehman Brothers Holdings Chief Executive Dick Fuld continues to work feverishly on possible transactions that will help the investment bank drum up much-needed capital and offset possibly billions in further writedowns, according to people with knowledge of the matter.

  • Stocks Have Biggest Week Since April Friday, 8 Aug 2008 | 6:16 PM ET

    Stocks rallied  Friday as a more than $4 a barrel drop in oil prices offset the drag of Fannie Mae's earnings miss.  It's going to be the same story next week: Energy prices. Even if there are disappointments in CPI or Wal-Mart's earnings, investors are expected to overlook them as the drop in gas prices puts more money in consumers' pockets.

  • Oil's Drop Pushes Dow to 300-Point Gain Friday, 8 Aug 2008 | 3:09 PM ET

    Stocks rallied  Friday as a more than $4 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.

  • Oil's Drop Boosts Stocks; Fannie Falls Friday, 8 Aug 2008 | 3:07 PM ET

    Stocks rallied  Friday as a more than $3 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.

  • Oil Boosts Stocks; Fannie Falls 17% Friday, 8 Aug 2008 | 10:26 AM ET

    Stocks ticked higher Friday as a more than $2 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.

  • Wall Street Develops Taste For Soured Debt Securities Thursday, 7 Aug 2008 | 3:32 PM ET

    The allure of distressed debt has grown so strong that Wall Street's biggest money managers are picking over their carcasses, suggesting the worst of the credit crisis may be over.

  • Massachusetts Pension Fund Fires Legg, 4 Others Wednesday, 6 Aug 2008 | 12:22 PM ET

    Massachusetts' $50.6 billion pension fund on Wednesday fired a Legg Mason  unit run by fund manager Bill Miller and four other fund firms from managing a $1.8 billion U.S. stocks portfolio due to poor performance.

  • Lehman Weighs Sale of Investment Management Unit Monday, 4 Aug 2008 | 9:00 PM ET
    Lehman Brothers

    Officials at Lehman Brothers have held conversations about the possible sale of the firm's entire investment-management division, according to a people with knowledge of the matter.

  • Lehman May Have to Raise Capital If It Sells Assets Monday, 4 Aug 2008 | 12:18 PM ET
    Lehman Brothers

    Lehman Brothers Holdings is expected to follow in Merrill Lynch's footsteps and sell a lot of risky assets at a loss. But shedding the assets may create another headache for Lehman -- the need to raise large amounts of new capital, including common equity.

  • Lehman in Talks to Sell Soured Debt to BlackRock Friday, 1 Aug 2008 | 4:08 PM ET

    Troubled investment bank Lehman Brothers is in talks to sell its CDOs and mortgage related assets to money management powerhouse Blackrock, CNBC has learned.

  • BlackRock Stock Picks Wednesday, 30 Jul 2008 | 3:46 PM ET

    Bob Doll, CIO of global equities at BlackRock, told CNBC which stocks his firm is buying. Surprise! There're a few financials in the mix.

  • Wall Street Hangs On As Credit Crisis Hits 1st Year Wednesday, 30 Jul 2008 | 12:35 PM ET
    New York Stock Exchange (NYSE)

    One year into the credit crisis that led to the near-collapse of Bear Stearns,  some big U.S. investment banks are down, but probably won't get taken out right now.

  • Pops & Drops: Harley-Davidson, Yum! Thursday, 17 Jul 2008 | 6:38 PM ET

    Following are the day’s biggest winners and losers. Find out why shares of Harley-Davidson and Capital One popped while eBay and Yum! dropped.

  • Merrill CEO Almost Sold BlackRock Stake Thursday, 17 Jul 2008 | 5:28 PM ET

    Merrill Lynch came close to selling its 49 percent stake in BlackRock, but pulled the plug at the last minute because of concerns from rating agencies.

  • Dow Logs Best 2-Day Gain Since 2002 Thursday, 17 Jul 2008 | 5:20 PM ET

    Stocks resumed their ascent after a midmorning dip as oil began to recede and financials rallied.

  • Merrill Lynch posted a $4.9 billion second-quarter loss because of writedowns but said it is close to selling $8 billion of assets in a bid to raise fresh capital.