Don't bet your shirt on a repeat performance in the stock market. That's the message from some of the nation's biggest investment firms.» Read More
Oct 16- BlackRock Inc, the world's largest money manager, said on Wednesday its third-quarter profit rose 15 percent, boosted by strong investor demand for the company's iShares and retail business.
*Bank of America posts profit, credit loss provisions dip. In another day of heavy earnings, 22 companies representing 6.6 percent of the S&P 500 index will report results, including IBM, American Express and eBay after the market close.
*Bank of America posts profit as loan-loss provisions drop. In another day of heavy earnings, 22 companies representing 6.6 percent of the S&P 500 index will report results, including IBM, American Express and eBay after the market close.
Some of the names on the move ahead of the open.
*Bank of America posts profit as loan-loss provisions drop. NEW YORK, Oct 16- U.S. stock index futures rose on Wednesday amid cautious optimism that U.S. politicians would strike a last-minute deal to prevent the country from defaulting on its debt, an event that could roil markets and economies worldwide.
Oct 16- BlackRock Inc, the world's largest money manager, said on Wednesday that its third-quarter profit rose 15 percent, citing market growth and strong global demand from its retail and institutional clients. The New York- based asset manager reported net income of $730 million, or $4.21 per share, up from $642 million, or $3.65 per share, a year earlier.
The New York- based asset manager reported net income of $730 million, or $4.21 per share, up from $642 million, or $3.65 per share, a year earlier.
NEW YORK, Oct 15- Banks and investors are fine-tuning plans to try to reduce the risk that operational failures will disturb crucial short-term lending markets if the U.S. U.S. Senate negotiations were suspended on Tuesday until House Speaker John Boehner can work out a plan that can pass the House of Representatives.
NEW YORK, Oct 15- U.S. lawmakers are negotiating to raise the debt ceiling before the Treasury is expected to run out of funds, leaving the country at risk of defaulting on its debt. Below are some key questions relating to the government bond market's role in the markets, and how it would be affected by a potential default.
NEW YORK, Oct 11- Fading hopes the United States will raise the debt ceiling in time to avert a default have rattled funding markets, as traders now expect Washington might not reach a deal until the end of the year.
Talking Squawk looks at our big interviews with Daryl from "The Walking Dead", Jack Welch, Jim Chanos and T. Boone Pickens. Plus, we debate the merits of megayachts versus kayaks.
Oct 9- An energy firm run by Aubrey McClendon, the former Chesapeake Energy Corp chief executive, has raised $1.7 billion to drill on shale acreage in Ohio's Utica Shale, the firm said on Wednesday.
MILAN, Oct 9- BlackRock Inc sees Italian stocks as among Europe's most attractive, along with French and German ones, a top executive at the world's largest money manager was quoted as saying on Wednesday. BlackRock funds have cut exposure to U.S. stocks because they are on average 20 percent more expensive than European ones.
SINGAPORE, Oct 8- Gold added to gains on Tuesday after rising nearly 1 percent in the previous session as the U.S. government shutdown entered its second week, moving closer to a deadline to raise the national debt ceiling and sending the dollar to near eight-month lows. Platinum jumped for a third day on fears mine strikes in South Africa could hurt supply.
SAO PAULO, Oct 4- OGX Petróleo e Gas Participações SA, the Brazilian energy producer with the worst-performing corporate bonds in emerging markets this year, said late Thursday it was considering all measures to protect assets and stay in business.
*Pimco, BlackRock among bondholders that face losses. SAO PAULO, Oct 1- OGX Petróleo e Gas Participações SA missed a $45 million bond interest payment due on Tuesday, putting the debt-laden company closer to what could be the largest-ever Latin American corporate default.
SAO PAULO, Oct 1- OGX Petróleo e Gas Participações SA missed a $45 million bond interest payment due on Tuesday, moving the debt-laden Brazilian oil producer closer to what could be the largest-ever Latin American corporate debt default.
COPENHAGEN, Oct 1- BlackRock Inc, the world's largest money manager, predicts that Nordic countries will lead the way as investment in exchange-traded funds achieves unstoppable growth over the next few years.
WASHINGTON, Sept 30- Some activities of asset managers could pose risks to the broader marketplace, according to a study released by the Treasury Department on Monday that boosted the likelihood the largest such firms would face tougher federal scrutiny.
The $268 billion California Public Employees' Retirement System, the nation's largest public pension fund, joins banks and other investors in worrying that Richmond's plan will undermine the value of its holdings.