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Legg Mason Inc

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  • Investors say 'bye,' but not 'ciao,' to stock pickers Thursday, 18 Dec 2014 | 3:52 PM ET

    NEW YORK— Stock pickers might as well wear a scarlet "A." "Active management" is becoming more of a taboo when it comes to mutual funds. Bill Miller, for example, became famous for guiding his fund at Legg Mason to better returns than the Standard& Poor's 500 index for 15 straight years.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Oil price collapse roils US junk bond funds Tuesday, 2 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 2- Collapsing energy prices have hit hard U.S. corporate junk bond funds, putting them on track for their worst performance in six years by squeezing the exploration and drilling companies that have been among most active issuers of high-yield debt. Last week's decision by the Organization of the Petroleum Exporting Countries to refrain from...

  • Nelson Peltz resigns from Legg Mason board Monday, 1 Dec 2014 | 6:45 PM ET

    Dec 1- Activist investor Nelson Peltz resigned from the board at Legg Mason Inc to focus on other commitments, the asset manager said on Monday. Peltz, Chief Executive and a founding partner of Trian Fund Management LP, was chairman of Legg Mason's corporate governance committee. Under Chief Executive Joseph Sullivan, who took charge in February 2013, Legg Mason...

  • Aug 18- Asset manager Eaton Vance Corp's quarterly profit narrowly beat analysts' estimates, as it investment advisory and administrative business fees increased 6 percent. Net income attributable to the company's shareholders rose to $77.9 million, or 63 cents per share, from $23.2 million, or 18 cents per share, a year earlier.

  • Google made more IPO money my way: Bill Hambrecht Tuesday, 19 Aug 2014 | 10:58 AM ET

    If Google had used a traditional IPO process when its stock debuted 10 years ago, it would have made less money, the Silicon Valley pioneer who crafted the deal tells CNBC.

  • July 31- Asset manager Legg Mason Inc's net income rose 51 pct in the first quarter, driven by increased assets under management and lower operating expenses. Legg Mason's total operating revenue rose 3.5 percent to $693.9 million in the quarter, while operating expenses fell 2 percent to $574.3 million.

  • July 31- Asset manager Legg Mason Inc's quarterly profit rose 51 percent, driven by increased assets under management and lower operating expenses. Net income attributable to the company rose to $72.2 million, or 61 cents per share, in the first quarter ended June 30, from $47.8 million, or 38 cents per share, a year earlier.

  • July 31- Asset manager Legg Mason Inc's quarterly profit more than doubled, driven by increased assets under management and lower operating expenses. Net income attributable to the company rose to $72.2 million, or 61 cents per share, in the first quarter ended June 30, from $47.8 million, or 38 cents per share, a year earlier.

  • Cramer: Piggyback Peltz into BNY Mellon Monday, 14 Jul 2014 | 6:44 PM ET

    Cramer rarely likes to play piggyback and follow another investor into a stock. But this is an exception.

  • July 11- U.S. regulators on Friday suspended trading in Cynk Technology Corp, citing possible market manipulation in the one-time penny stock whose market value rocketed within weeks from less than $20 million to more than $6 billion.

  • Lightning Round: Chiptole, Gilead & more Thursday, 19 Jun 2014 | 6:50 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Stifel to buy Legg Mason's advisory unit Wednesday, 4 Jun 2014 | 8:11 AM ET

    Stifel Financial said it would buy asset manager Legg Mason's investment advisory unit to expand its wealth management business.

  • Why Warren Buffett's wrong on bitcoin: Bill Miller Thursday, 10 Apr 2014 | 10:07 AM ET
    Bill Miller

    Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.

  • US bonds on track for biggest gain since May 2012 Friday, 31 Jan 2014 | 3:37 PM ET

    Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.

  • U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.

  • Legg Mason to pay $21M to settle US civil charges Monday, 27 Jan 2014 | 12:42 PM ET

    A unit of asset manager Legg Mason will pay more than $21 million to settle civil cases with that accused the company of hiding losses from investors.

  • As Mondelez gets Peltz’d, should you buy? Tuesday, 21 Jan 2014 | 6:26 PM ET

    Cramer’s proprietary research shows that if you follow this activist investor into a stock, you win.

  • Midday stock movers: Netflix, Twitter, Express & More Monday, 13 Jan 2014 | 12:57 PM ET

    Some of Monday's midday movers:

  • Your first trade for Monday Friday, 1 Nov 2013 | 6:23 PM ET

    The "Fast Money" traders share their final trades of the day.