GO
Loading...

BlackRock Inc

More

  • 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.

  • Stocks Charge Ahead as Oil Drops Below $130 Thursday, 17 Jul 2008 | 3:26 PM ET

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

  • Merrill Lynch Earnings Preview: Rally Fuel or Killjoy? Thursday, 17 Jul 2008 | 1:41 PM ET

    Financial stocks are enjoying a truly astounding rally. Now it's Merrill's turn to keep the bulls in charge or... renew worries about continuing losses from the credit crisis. Which will it be?

  • Oil's Rise, Philly Fed Report Drag on Stocks Thursday, 17 Jul 2008 | 11:59 AM ET

    The financial-driven rally lost steam, leaving stocks mixed, as oil rebounded and the Philadelphia Federal Reserve reported weaker-than-expected manufacturing activity in its region.

  • Financials Lead Rally After JPMorgan Earnings Thursday, 17 Jul 2008 | 10:10 AM ET

    Stocks continued to rally Thursday, fueled by better-than-expected housing data and after three Dow components beat earnings forecasts.

  • BlackRock Tops Views, Confirms Merrill to Keep Stake Thursday, 17 Jul 2008 | 9:56 AM ET
    BlackRock's headquarters in New York.

    U.S. money manager BlackRock posted a better-than-expected 23 percent rise in second-quarter profit as assets under management rose.

  • Merrill to Sell Bloomberg Stake For $4.5 Billion Wednesday, 16 Jul 2008 | 4:11 PM ET

    Merrill Lynch agreed to sell its 20 percent stake in Bloomberg back to the media company for $4.5 billion. However, Merrill has decided not to sell its 49 percent stake in BlackRock.

  • Merrill Still Quiet on Possible BlackRock Stake Sale Tuesday, 15 Jul 2008 | 7:01 PM ET

    Merrill Lynch still has not informed officials at BlackRock about any final decision on whether it will sell even a chunk of the firm's 49 percent stake in the money management company.

  • Stocks Skid as Bailout Fails to Sway Investors Monday, 14 Jul 2008 | 5:35 PM ET

    Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.

  • Sale of Merrill's Bloomberg Stake Could Come Soon Monday, 14 Jul 2008 | 5:04 PM ET

    Officials at Merrill Lynch and bankers representing Bloomberg LP are working overtime to complete the sale of Merrill's 20% stake in the financial-information powerhouse either sometime tonight or tomorrow morning, CNBC has learned.

  • Financials Lead Selloff as Worries Persist Monday, 14 Jul 2008 | 2:19 PM ET

    Financials led a market selloff as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.

  • Stocks Surrender Gains as Worried Investors Bail Monday, 14 Jul 2008 | 2:08 PM ET

    The stock rally triggered by the bailout of Fannie Mae and Freddie Mac fizzled within the first half hour of trading as Wall Street wonders if it will be enough to settle the turbulent housing market.

  • Rally Fizzles as Fannie, Freddie Gains Fade Monday, 14 Jul 2008 | 11:20 AM ET

    The stock rally triggered by the bailout of Fannie Mae and Freddie Mac fizzled within the first half hour of trading as Wall Street wonders if it will be enough to settle the turbulent housing market.

  • More Merrill Assets May Be Up For Sale Sunday, 13 Jul 2008 | 4:42 PM ET

    Merrill Lynch CEO John Thain is considering selling other investments to drum up capital, not just Merrill’s stakes in financial information powerhouse Bloomberg LP, and money manager BlackRock, sources say.

  • Indexes Eke Out Gains After Wild Session Thursday, 10 Jul 2008 | 4:57 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers and oil prices surged more than $5 a barrel. Still, all three major indexes eked out gains by the closing bell.

  • Stocks Reel as Oil Surges, Financials Get Hit Thursday, 10 Jul 2008 | 3:37 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers, overshadowing any positive news the market had to offer.

  • Stocks Flail as Freddie, Lehman Get Pummeled Thursday, 10 Jul 2008 | 2:44 PM ET

    Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.

  • Stocks Swing Wildly; Financials Get Slammed Thursday, 10 Jul 2008 | 11:26 AM ET

    Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.