While Fidelity's assets under management rose 10 percent to $1.67 trillion, Vanguard's assets surged to $2 trillion, a 20 percent increase over 2011. Assets under management at BlackRock Inc, the world's largest money manager, rose 8 percent to nearly $3.8 trillion in 2012..
BOSTON, Feb 8- The northeastern United States braced on Friday morning for a blizzard that could drop up to three feet of snow through Saturday and bring travel to a halt. Blizzard warnings were in effect from New Jersey through southern Maine, with Boston expected to bear the brunt of the massive storm that could set records.
BOSTON/ NEW YORK, Feb 8- A blizzard blew into the northeastern United States on Friday, bringing whiteout conditions to some parts of New England and threatening to drop record amounts of snow around Boston.
Jan 18- State Street Corp said on Friday it would cut about 630 jobs worldwide, lifting its stock 5 percent, as it reported a 26 percent boost in fourth-quarter net income amid pressure from some of its largest shareholders to cut expenses.
U.S. stock index futures were narrowly mixed as investors digested a batch of corporate earnings.
Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ State Street Corp. shares rose on after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue.
BOSTON-- State Street Corp., one of the largest custody banks in the U.S., reported higher net income but a slight revenue decline on Tuesday, saying that while equity markets have improved, its clients are still conservative in their investments.
BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.
*Citigroup cuts Seagate Technology, Western Digital to sell-. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
The banks' action follows interest rate cuts by Denmark and Switzerland to protect their currencies from investors seeking safe haven from the euro. But this revenue source in the kroner and franc has dried up now that Denmark and Switzerland have cut rates.
The banks' action follows interest rate cuts by Denmark and Switzerland to protect their currencies from investors seeking safe haven from the euro. But this revenue source in the kroner and franc has dried up now that Denmark and Switzerland have cut rates.
WASHINGTON, Oct 4- State Street Corp and Bank of New York Mellon Corp have submitted their living wills to banking regulators, the Federal Reserve announced on Thursday. Nine of the largest U.S. banks submitted their plans by a July deadline, including Bank of America Corp and Citigroup Inc.
WASHINGTON, Oct 4- State Street Corp and Bank of New York Mellon Corp have submitted their living wills to banking regulators, the Federal Reserve announced on Thursday. Nine of the largest U.S. banks submitted their plans by a July deadline, including Bank of America Corp and Citigroup Inc.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."