Entries tagged "BlackRock Inc."

StuyTown foreclosure may open window

If the Stuyvesant Town Peter Cooper Village residential complex goes into foreclosure, the complex's tenants association will be ready with money to make another bid.

Insurers seek securities re-evaluation

As insurers look to have their mortgage-backed securities re-evaluated, they are turning to money managers where there could be conflicts of interest.

Tishman, BlackRock could default on StuyTown loans

Time is ticking on Tishman and BlackRock as analysts predict the owners of Stuytown/Peter Cooper Village could default on $4.4 billion in loans.

Far from solid, BlackRock still beats expectations

BlackRock beats second-quarter estimates as CEO Larry Fink highlights the Barclays Global Investors deal.

BlackRock second-quarter earnings preview

BlackRock will be looking green Tuesday as it's expected to report earnings of $1.58 per share. The company has been active on the deal front in the second quarter.

BlackRock buys Barclays' unit for $13.5B

With BlackRock's purchase of Barclay's investment unit for $13.5 billion, the firm will become the world's largest money manager.

Barclays sale may spur asset manager deals

Consolidation of asset management firms especially amongst midsized firms could be the ultimate result of a Barclays exit.

BlackRock could benefit from stress test

BlackRock's fastest-growing unit is an evaluator of distressed assets, which may pick up some new clients as a result of the government's stress test.

BlackRock's earnings soften, but the asset manager sees buying opportunities

The global financial crisis has eroded the earnings of another company: BlackRock Inc. The asset manager fell short of analysts' expectations, reporting Wednesday that fourth-quarter net income fell to $53 million, or 40 cents a share, as revenue dropped 26% to $1.06 billion. Overall, that's an 84% decline in fourth-quarter profits from the same year-ago period. Despite the lowered numbers, BlackRock CEO Laurence Fink says the down cycle in the global economy is a chance for potential deals. ...

Merrill's losses may force BlackRock sale

With all of the big losses that Merrill Lynch & Co. is racking up, the bank may be forced to part with coveted fund manager BlackRock Inc. after all, just to shore up its balance sheet....

Merrill, Maguire may have deals up sleeves as markets surrender

Monday's initial upswing evaporated, declining into a red finish weighed down by investors' credit concern in the financial sector. One company weighed down by the credit crunch, Merrill Lynch & Co., was in talks to raise more money on some potential high-profile divestments. Meanwhile, Maguire Properties Inc. may have finally found a buyer to help it survive its real estate downturn, and Microsoft Corp.-Yahoo! Inc. are talking once again. Behind the backdrop of these developments, the Dow closed down 56.58, or 0.50%, to 11,231.96 while the Nasdaq declined 2.06, or 0.09%, to 2,243.32. ...

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