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Asset manager makes history ... by cutting jobs

Business | Asset management/M&A
2008-11-19

BLACKROCK Inc, the largest publicly traded asset manager in the United States, is cutting jobs for the first time in its 20-year history as slumping financial markets force the mutual-fund industry to shrink. Dismissal...

Companies bid for role in rescue package

Business | Asset management/M&A
2008-10-10

BLACKROCK Inc and Pacific Investment Management Co submitted proposals to manage troubled mortgage-backed securities in the biggest portion of the Treasury's US$700 billion financial-rescue program, industry sources...

BlackRock disappoints analysts

Business | Asset management/M&A
2008-4-17

BLACKROCK Inc, the biggest publicly traded asset manager in the United States, said first-quarter earnings fell short of analysts' estimates because of declines in hedge-fund and real estate investments. Net income...

Good day at BlackRock

Business | Asset management/M&A
2008-1-18

BLACKROCK Inc, the biggest publicly traded asset manager in the United States, said its fourth-quarter earnings jumped 90 percent on deposits into money-market funds. Net income rose to US$322.4 million, or US$2.43...

BlackRock to buy Quellos fund unit

Business | Foreign trade
2007-6-27

BLACKROCK Inc, the largest publicly traded US asset manager, agreed to buy a fund unit of Quellos Group LLC for as much as US$1.7 billion to expand in one of the fastest growing parts of the money management business. ...