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Legg Mason Inc

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  • Your First Move for Monday Friday, 17 May 2013 | 1:28 PM ET

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

  • RESEARCH ALERT-Legg Mason: RBC raises target price Wednesday, 1 May 2013 | 9:14 AM ET

    May 1- Legg Mason Inc:. *RBC raises target price to $31 from $26; rating sector perform. Reuters Station users, click. 1568.

  • RESEARCH ALERT-Legg Mason: Nomura raises target price Wednesday, 1 May 2013 | 2:48 AM ET

    May 1- Legg Mason Inc:. *Nomura raises target price to $31 from $27; rating neutral. Reuters Station users, click. 1568.

  • RESEARCH ALERT-Legg Mason: KBW raises price target Wednesday, 1 May 2013 | 1:26 AM ET

    May 1- Legg Mason Inc:. *KBW raises price target to $33 from $31. Reuters Station users, click. 1568.

  • *Invesco CEO sees early stage of "Great Rotation" into stocks. Franklin Resources, Invesco and Affiliated Managers Group reported strong customer net inflows with an increasing emphasis on stock funds, which typically carry higher fees and profit margins.

  • *Invesco CEO sees early stage of "Great Rotation" into stocks. Franklin Resources, Invesco and Affiliated Managers Group reported strong customer net inflows with an increasing emphasis on stock funds, which typically carry higher fees and profit margins.

  • UPDATE 1-Legg Mason profit falls on real estate losses Tuesday, 30 Apr 2013 | 7:42 AM ET

    April 30- Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in the three months ended March 31, driven down by real estate losses. Assets under management rose to $664.6 billion at March 31, up from $648.9 billion at Dec. 31, driven mainly by the rising value of investments that added $12.1 billion.

  • UPDATE 1-Legg Mason profit falls on real estate losses Tuesday, 30 Apr 2013 | 7:42 AM ET

    April 30- Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in the three months ended March 31, driven down by real estate losses. Assets under management rose to $664.6 billion at March 31, up from $648.9 billion at Dec. 31, driven mainly by the rising value of investments that added $12.1 billion.

  • Legg Mason net income falls in fourth quarter Tuesday, 30 Apr 2013 | 7:09 AM ET

    Legg Mason of Baltimore reported net income of $29.2 million, or 23 cents per share, for its fourth fiscal quarter, compared with $76.1 million, or 54 cents per share, for the same period a year before.

  • The international banking group appointed Michael Kruse in San Francisco as a managing director and head of the Technology, Media& Telecoms group for North America. Kruse joins the bank after working for 12 years at JPMorgan Chase& Co..

  • STOCKS NEWS EUROPE-Focus on BP, UBS results on Tuesday Monday, 29 Apr 2013 | 11:55 AM ET

    EUROPEAN COMPANIES BP Q1 UBS Q1 DEUTSCHE BANK Q1 ANHEUSER BUSCH INBEV Q1 CLARIANT Q1 FRESENIUS SE& CO KGAA Q1 GEBERIT Q1 MARINE HARVEST ASA Q1 NOKIAN RENKAAT OYJ Q1 SCHIBSTED ASA Q1 TRYG A/S Q1 DSV A/S Q1 IMPERIAL TOBACCO GROUP INTERIM BANCO POPULAR ESPANOL Q1 WHITBREAD PRELIM ABERTIS INFRAESTRUCTURAS Q1 COLOPLAST A/S Q2 FIAT INDUSTRIAL SPA Q1 FRESENIUS MEDICAL CARE Q1 WACKER CHEMIE Q1 UMICORE SA Q1 TRADE U.S.

  • MOVES- JPMorgan Chase, BlackRock, Santander, AIG Monday, 29 Apr 2013 | 9:52 AM ET

    The company hired Dianne Challenor from Citigroup Inc as head of transaction services for Asia Pacific, the Wall Street Journal reported on Monday. Hester was most recently head of sales for Northern Trust in Australia and New Zealand.

  • The company hired Dianne Challenor from Citigroup Inc as head of transaction services for Asia Pacific, the Wall Street Journal reported on Monday. Hester was most recently head of sales for Northern Trust in Australia and New Zealand.

  • April 2- Legg Mason Inc said on Tuesday that Ronald Dewhurst will leave the company he once hoped to lead as its next chief executive. Sullivan, previously Legg Mason's sales chief, was named to lead the company in February after a five-month search to replace prior CEO Mark Fetting following his departure at the start of October.

  • 'Warts' and All, Groupon Shares Pop on Investor Nod Friday, 15 Mar 2013 | 12:06 PM ET
    Bill Miller

    Shares of struggling daily deals company Groupon moved higher after Legg Mason Portfolio Manager Bill Miller told CNBC he likes the stock "a lot."

  • Legg Mason CFO says firm may cut funds, offices Tuesday, 5 Mar 2013 | 11:24 AM ET

    March 5- Legg Mason Inc's chief financial officer said the Baltimore fund firm may trim the number of funds it offers, and the 32 offices it operates, but does not expect major cost-cuts like those it already made in recent years. Legg Mason CFO Pete Nachtwey said the firm will provide more details of ongoing reviews in coming months.

  • UPDATE 1-Legg Mason may cut funds, offices -CFO Tuesday, 5 Mar 2013 | 12:02 AM ET

    BOSTON, March 5- Legg Mason Inc may trim the number of funds it offers and offices it operates, but does not expect major cost-cutting like that begun in 2010, the asset manager's chief financial officer said on Tuesday.

  • Why Two Billionaires Like This One Stock Tuesday, 19 Feb 2013 | 1:13 PM ET
    Traders on the floor of the NYSE

    Trian Partners chief Nelson Peltz was the second billionaire on CNBC's "Squawk Box" last week to laud the prospects of Legg Mason.

  • Stocks That Had Wall Street Talking All Week Saturday, 16 Feb 2013 | 10:23 AM ET

    Find out what Wall Street analysts and investors had to say about Michael Kors earnings, the outlook for Legg Mason's shares and Comcast after the NBCUniversal deal with General Electric in this week's CNBC.com Stock Blog Roundup.

  • BOSTON, Feb 13- Newly-named Legg Mason Inc chief executive Joseph Sullivan on Wednesday vowed to staunch the outflow of investor money from its funds and to renew relations with its investment units- two critical steps to rebuilding the Baltimore- based asset manager.