Carl Icahn's Icahn Enterprises has withdrawn a$1.73 billion hostile bid for Commercial Metals after less than 40 percent of the scrap metals giant's shareholders tendered their shares.
Goldman Sachs analysts shook up its "conviction buy" list on Monday, adding Dow component Travelers Cos., apparel maker Ralph Lauren, and hedge fund Och-Ziff Capital Management as their best investment ideas.
The flight to safe havens in the latter part of 2011 hurt emerging market equities, but strategists believe it may be time to pick up some devalued emerging market stocks.
Europe, in recession, continues to "muddle through" its financial problems but the debt crisis will ease, according to one of 10 bold 2012 predictions by BlackRock's Bob Doll.
In this current "muddle-through world," the best stocks to own are those that have the free cash flow to increase their dividends, BlackRock's Bob Doll told CNBC Monday.
Merry Christmas, Wall Street, here's your lump of coal.
Deutsche Bank has launched the sale of its global asset management business following a strategic review, putting a price tag of about 2 billion euros ($2.6 billion) on it, the FT reports.
Market volatility doesn't concern stockpicker Laszlo Birinyi but it does change his strategy, he told CNBC Tuesday.
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Europe is "facing a meltdown in liquidity" affecting every member of the European Union except Germany, BlackRock CEO Lawrence Fink warned CNBC Tuesday.
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.
SEC Chairman Mary Schapiro, dogged by agency miscues, isn't about to take chances in letting the $1 trillion exchange traded fund industry expand into derivatives — no matter what Nasdaq and other ETF providers request.
Cramer makes the call on viewers' favorite stocks.
BlackRock isn't looking to buy other asset managers and may use its cash instead to raise its dividend, reinvest in its business and buy back more shares, CEO Laurence Fink told CNBC Wednesday.
The markets are likely to lean whichever way the European winds blow Wednesday.
As investors flee Latin American markets on fears that commodity-hungry China will slow down, now could be the time to pick up bargains, Will Landers, who manages BlackRock’s Latin American portfolio, told CNBC.com.
Companies in the S&P 500 paid an average effective tax rate of 28.5 percent in 2010, compared to 15 percent in federal income tax for the median U.S. household with an income of $49,445.
Shaky market action weighed on the exchange-traded product industry over the past month, bringing assets below $1 trillion for the first time since January.
If I didn’t know better, I’d think Blackrock CEO Laurence Fink is doing his best to make sure his firm isn’t tarred and feathered by an ETF debacle, if one ever occurs.
People will “continue to smoke, eat, and need healthcare,” so stocks in these areas will feel less economic pressures on their sales and profits,” Stuart Reeve, director and portfolio manager at BlackRock spacer, told CNBC Friday.