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BlackRock Inc

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  • 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.

  • 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.