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.» Read More
Alibaba is expected to begin a roadshow for what could be the largest initial public offering ever early during the week of September 8.
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.
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.
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.
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.
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.
Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.
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.
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.
Cramer’s proprietary research shows that if you follow this activist investor into a stock, you win.
Some of Monday's midday movers:
The "Fast Money" traders share their final trades of the day.
As Twitter begins an eight-city road show, it will be entering one of the strongest markets for IPOs in three years.
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.