Cyberattacks are happening and are a serious threat, but companies may not want to reveal them for fears of liability and brand damage.
Oct 26- Asset manager Legg Mason Inc said on Friday quarterly profit topped expectations as the company reported its first quarterly net inflows of client funds since 2007.. Although some flow trends remained negative, the results could ease pressure on Legg Mason.
Oct 26- Asset manager Legg Mason Inc said on Friday quarterly profit soared more than 42 percent, topping expectations, as the company reported its first quarterly net inflows of client funds since 2007..
Oct 11- Mutual fund manager ClearBridge Advisors LLC said on Thursday it would drop the name of its struggling parent company, Legg Mason, from all of its U.S. funds over the next several months. With $58 billion of assets under management, New York- based Clearbridge is the largest manager of equity funds at Legg Mason.
Korn/Ferry said it had taken steps to contain the impact of the breach and was investigating the source of the attack. Reuters reported last month that Iranian hackers had repeatedly attacked Bank of America Corp, JPMorgan Chase& Co and Citigroup Inc over the past year as part of a broad cyber campaign.
*Computer network was the target of a criminal data security breach. *Took immediate steps to contain the impact of the breach and investigate its. source* Source text* Further company coverage.
*S&P Capital IQ raises Korn/Ferry target price by $2 to $19; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Check out which companies are making headlines after the bell Wednesday:
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When a company reports earnings, for a brief moment market direction becomes irrelevant. What matters are the numbers, and attempts to predict those numbers can lead to moneymaking trades, even if the overall market activity is unpredictable. With that in mind, here are five earnings trades for an uncertain market from TheStreet.
For as long as there have been bedrooms, there have been products built on the promise of enhancing consumers “performance” in them. Now two former women’s basketball coaches are putting a different spin on the concept.
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Stocks ended modestly higher Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, McDonald's fell.
Stocks were struggling for direction Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, while McDonald's fell.
Why several stocks in this space are nearing 52-week highs.
Stocks fluctuated Wednesday, but remained under pressure as the dollar gained and Treasury bond yields spiked. McDonald's slipped, BofA gained.
Here's why you should keep a close eye on these six stocks.
U.S. stock index futures continued to struggle for directions as investors awaited more direction on a compromise reached between President Barack Obama and the Republicans on extending Bush-era tax cuts.