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BlackRock Inc

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  • Bernanke Crimps Stocks; Banks Rally Tuesday, 10 Jun 2008 | 10:17 AM ET

    Stocks opoened lower Tuesday after Federal Reserve Chairman Ben Bernanke said late Monday high energy prices risk increasing inflation.

  • Doll: Fed Doesn't Want to Raise Rates Any Time Soon Tuesday, 10 Jun 2008 | 7:44 AM ET

    The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.

  • Stocks Shoot Higher as Oil Takes Tumble Monday, 9 Jun 2008 | 9:32 AM ET

    Stocks opened higher as Wall Street sought to regain its footing following Friday's dramatic oil-inspired selloff.

  • Bob Doll Sees Credit Crisis Lasting 2 to 4 Years Monday, 9 Jun 2008 | 7:19 AM ET
    BlackRock's headquarters in New York.

    Fund manager BlackRock  expects the global credit crisis to last another two to four years as a weakening U.S. economy triggers more write-down by banks, its chief investment officer for equities said on Monday.

  • What Options are Saying about Lehman Thursday, 5 Jun 2008 | 7:40 AM ET

    What are the options trades in Lehman Bros. stock saying about the brokerage's future?

  • Lehman Slashes Debt 25%, Raises $8 Billion in Capital Wednesday, 4 Jun 2008 | 1:37 PM ET
    Lehman Brothers

    Lehman has slashed its risky debt holdings by as much as 25% and raised $8 billion in capital this year to shore up its balance sheet, according to an internal memo obtained by CNBC

  • Lehman's Shares Rebound As Bond Fund Buys Debt Wednesday, 4 Jun 2008 | 11:36 AM ET

    Lehman shares rebounded sharply on news that a big bond fund manager is buying the firm's debt and some positive comments from other Wall Street firms.

  • BlackRock More Selective in Buying Assets: Officials Tuesday, 27 May 2008 | 11:38 AM ET
    BlackRock headquarters

    Top officials at BlackRock say the big investment management firm continues explore major investments in distressed assets--such as its recent purchase of $15 billion in mortgage securities from UBS--but the company is becoming more selective in recent weeks about where to place its bets, CNBC has learned.

  • UBS Launches $15.5 Billion Discounted Rights Issue Thursday, 22 May 2008 | 2:25 PM ET

    Swiss bank UBS launched a deeply discounted rights issue worth 16 billion Swiss francs ($15.55 billion) on Thursday at a third below its latest market price in a bid to lure investors to repair its battered balance sheet.

  • UBS To Cut 5,500 Jobs in Subprime Wake Tuesday, 6 May 2008 | 1:15 PM ET

    Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with  BlackRock to sell a $15 billion portfolio of subprime mortgages.

  • Stocks Rally to the End; Intel Powers Techs Wednesday, 16 Apr 2008 | 4:53 PM ET

    Stocks finished at their highs for the day Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan.

  • Stocks Rebound After 'Beige' Mood Swing Wednesday, 16 Apr 2008 | 3:08 PM ET

    Stocks rose sharply Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan Chase.

  • Market Cheers Earnings; Intel Buoys Nasdaq Wednesday, 16 Apr 2008 | 12:59 PM ET

    Stocks rose sharply Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan Chase.

  • Intel Boosts Nasdaq; Earnings Lift Mood Wednesday, 16 Apr 2008 | 10:49 AM ET

    U.S. stock index futures were higher on optimism triggered by Intel's positive outlook, with the tech-heavy Nasdaq showing strong gains, and two major banks posted results that were better than expected, casting some hope that battered financials may be turning the corner.

  • BlackRock Profit Disappoints, Hit by Market Turmoil Wednesday, 16 Apr 2008 | 9:57 AM ET

    U.S. money manager BlackRock reported higher first-quarter profit on Wednesday as assets under management grew, but earnings fell far short of Wall Street estimates, hurt by market turmoil.

  • Energy Stocks Jump; Financials Drag Monday, 14 Apr 2008 | 2:45 PM ET

    Stocks opened mixed as investors juggled an unexpected loss from Wachovia and an uptick in retail sales.

  • Stocks Trade Mixed; Wachovia Tumbles Monday, 14 Apr 2008 | 11:02 AM ET

    Stocks opened mixed as investors juggled an unexpected loss from Wachovia and an uptick in retail sales.

  • Fed Rescue of Bear Stearns Averted Disaster, CEOs Say Thursday, 3 Apr 2008 | 1:22 PM ET
    Jamie Dimon

    The CEOs of Bear Stearns and JP Morgan Chase said Bear could not have been saved without the Federal Reserve and that the rescue averted a disaster for the markets and the economy..

  • Nasdaq Exits Bear Turf; Bear Stearns Tops $11 Monday, 24 Mar 2008 | 5:19 PM ET

    Stocks rallied Monday after JPMorgan Chase raised its offer for Bear Stearns and a report on home sales came in better than expected.

  • Stocks Rally as Bear Stearns Tops $12 Monday, 24 Mar 2008 | 3:18 PM ET

    Stocks rallied into the new week after JPMorgan Chase raised its offer for Bear Stearns and a report on home sales came in better than expected.