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Legg Mason Inc

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  • 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.

  • ANALYSIS-What if the caution of the 'super rich' ebbs? Wednesday, 11 Jun 2014 | 3:00 PM ET

    LONDON, June 11- Canny caution or bumbling oversight, the world's richest people have retained huge stockpiles of zero-yielding cash throughout the recent surge in financial asset prices.

  • June 4- Stifel Financial Corp said it would buy asset manager Legg Mason Inc's investment advisory unit to expand its wealth management business. Legg Mason's chief executive Joseph Sullivan, who was put at the helm in February last year, has been trying to reverse a long record of net quarterly withdrawals by customers tied to past performance problems.

  • Stifel Financial to buy Legg Mason Investment Counsel Wednesday, 4 Jun 2014 | 7:16 AM ET

    June 4- Stifel Financial Corp said it would buy Legg Mason Investment Counsel& Trust Co from asset manager Legg Mason Inc for an undisclosed price. LMIC will become part of Stifel's global wealth management business. The deal is expected to close in the fall of 2014..

  • May 21- Asset manager Eaton Vance Corp's quarterly profit rose nearly 18 percent as it earned higher fees from its investment advisory and administrative services, sending its shares up more than 4 percent in early trading. Excluding items, Boston- based Eaton Vance earned 59 cents per share.

  • May 1- Asset manager Legg Mason Inc's quarterly profit more than doubled as operating expenses fell and investors poured more money into its funds. Legg Mason said total assets under management rose 3.3 percent to $701.8 billion as of March 31 from the preceding quarter. Legg Mason has witnessed net outflows in seven of the last ten quarters.

  • March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors, an adviser to institutional clients, to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.

  • Legg Mason to buy private asset manager QS Investors Tuesday, 4 Mar 2014 | 7:37 AM ET

    March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.

  • BOSTON, Feb 3- Investors are paying hefty fees for mutual funds that bill themselves as actively managed but in large part are mimicking a benchmark stock index.

  • 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.

  • Twitter prepares to feed new hunger for IPOs Monday, 28 Oct 2013 | 6:32 AM ET

    As Twitter begins an eight-city road show, it will be entering one of the strongest markets for IPOs in three years.

  • Squawking 'Win US Back,' Spanx, hedge fund titans Friday, 18 Oct 2013 | 5:59 AM ET

    It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.

  • Why Bill Miller loves Apple and Microsoft ... Tuesday, 1 Oct 2013 | 9:20 AM ET
    Customers queue to buy Apple's new iPhone 5c and 5s smartphones outside the Apple Store at Wangfujing on September 20, 2013 in Beijing, China.

    Value investor pioneer Bill Miller—with a hot hand after buying Netflix and Best Buy last year—is now talking up Apple and Microsoft.

  • Apple math, BlackBURIED, and doomsday pads Friday, 27 Sep 2013 | 6:24 AM ET
    The Apple iPhone 5C at an Apple Store in Palo Alto, Calif.

    Talking Squawk, the official "Squawk Box" blog, looks at the auto showroom battle of the sexes, the latest black-eye for BlackBerry, and how the super-rich prepare for the worst.

  • Legg Mason CEO Eyes a Comeback     Tuesday, 25 Jun 2013 | 7:41 AM ET

    Joseph Sullivan, Legg Mason CEO, shares his turnaround strategy of returning to the company's model and seek out acquisitions in alternatives and non-U.S. companies.