International Business News - BLK http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A president of financial services company BlackRock Inc. sold 50,000 shares of common stock, according to Securities and Exchange Commission filings Monday. http://www.ibtimes.com/articles/20080507/blackrock-president-robert-kapito-sells-50-000-shares.htm Wed, 07 May 2008 13:55:28 EDT Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force. http://www.ibtimes.com/data/articleimgs/44240-switzerland-ubs.jpg http://www.ibtimes.com/articles/20080506/ubs-reports-net-loss-billion.htm http://www.ibtimes.com/articles/20080506/ubs-reports-net-loss-billion.htm Tue, 06 May 2008 07:35:34 EDT Cash is starting to flow out of money market accounts as interest rates on those accounts have tumbled along with the Federal Reserve Board's recent spate of cuts. http://www.ibtimes.com/articles/20080502/market-spotlight-money-market-funds-and-recent-rate-cuts.htm Fri, 02 May 2008 17:42:15 EDT The chairman and chief executive of financial services firm BlackRock Inc. exercised options for 39,700 shares of common stock, according to a Securities and Exchange Commission filing Friday. http://www.ibtimes.com/articles/20080428/blackrock-ceo-fink-exercises-options-for-39-700-shares.htm Mon, 28 Apr 2008 16:06:10 EDT The president of investment manager BlackRock Inc. exercised options for 52,500 shares of common stock, according to Securities and Exchange Commission filings. http://www.ibtimes.com/articles/20080428/blackrock-president-robert-s-kapito-exercises-options.htm Mon, 28 Apr 2008 14:27:06 EDT Two House lawmakers are pressing the Securities and Exchange Commission to investigate whether investors were duped into buying short-term bonds that have become tough to sell this year. http://www.ibtimes.com/articles/20080424/lawmakers-press-sec-on-auction-rate-debt-probe.htm Thu, 24 Apr 2008 15:35:10 EDT Wal-Mart Stores Inc. shrugged off weak consumer spending to remain atop the 2008 Fortune 500 list, edging Exxon Mobil Corp. for the second straight year in the magazine's annual ranking of the nation's largest publicly traded companies. http://www.ibtimes.com/articles/20080421/wal-mart-beats-exxon-mobil-to-remain-atop-fortune-500-list.htm Mon, 21 Apr 2008 11:24:18 EDT Among the earnings stories for Wednesday, April 16, from AP Financial News: Top stories: NEW YORK (AP) JPMorgan Chase & Co.'s profit fell 50 percent in the first quarter after the bank took a prov... http://www.ibtimes.com/articles/20080416/earnings-roundup-jpmorgan-chase-blackrock.htm Wed, 16 Apr 2008 10:09:36 EDT BlackRock Inc.'s first-quarter earnings rose 24 percent but fell short of Wall Street expectations as performance-based fees languished amid market turmoil, the financial services firm said Wednesda... http://www.ibtimes.com/articles/20080416/blackrock-profit-jumps-but-misses-expectations.htm Wed, 16 Apr 2008 07:26:00 EDT BlackRock Inc. expects to buy out $1.9 billion of its funds' auction-rate preferred shares a type of investment stung by illiquidity to protect its clients, the investment manager said Tuesday. The... http://www.ibtimes.com/articles/20080415/blackrock-to-buy-out-1-9b-in-auction-rate-preferred-shares.htm Tue, 15 Apr 2008 16:22:37 EDT Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE General Electric Co., down $4.22 at $32.53 After posting a smaller-than-... http://www.ibtimes.com/articles/20080411/frontier-ge-blackrock-market-movers.htm Fri, 11 Apr 2008 12:31:17 EDT Montana Sen. Jon Tester called for the government to investigate the downfall of investment bank Bear Stearns and whether it was related to insider trading. Bear Stearns informed the government last... http://www.ibtimes.com/articles/20080411/tester-seeks-bear-stearns-investigation.htm Fri, 11 Apr 2008 12:10:19 EDT Goldman Sachs and Wachovia analysts downgraded BlackRock Inc. Friday, saying the investment manager's stock price will not likely be able to sustain its recent growth. Goldman Sachs analyst Marc Ir... http://www.ibtimes.com/articles/20080411/ahead-of-the-bell-blackrock-downgrades.htm Fri, 11 Apr 2008 09:07:49 EDT A key House Democrat is questioning the Federal Reserve's unilateral decision to let BlackRock Inc. manage $30 billion in assets as part of the government-orchestrated rescue of Bear Stearns Cos. R... http://www.ibtimes.com/articles/20080407/feds-blackrock-award-scrutinized.htm Mon, 07 Apr 2008 15:39:45 EDT While the rest of the marketplace sees mortgage-backed securities as radioactive, Ben Bernanke doesn't at least when taxpayers' money is at stake. That isn't an April Fool's joke. The chairman o... http://www.ibtimes.com/articles/20080404/all-business-feds-big-gamble.htm Fri, 04 Apr 2008 13:02:38 EDT Among the stock activity stories for Thursday, March 27, from AP Financial News: NEW YORK (AP) _ Shares of BlackRock Inc. fell sharply Thursday after a Credit Suisse analyst cut his rating on the investment manager, arguing the stock prices in too lofty expectations. http://www.ibtimes.com/articles/20080327/movers-roundup-blackrock.htm Thu, 27 Mar 2008 17:56:01 EDT Shares of BlackRock Inc. fell sharply Thursday after a Credit Suisse analyst cut his rating on the investment manager, arguing the stock prices in too lofty expectations. http://www.ibtimes.com/articles/20080327/analyst-blackrocks-stock-too-pricey.htm Thu, 27 Mar 2008 14:33:30 EDT Bear Stearns shareholders aren't the only ones questioning the bargain-basement buyout of the investment bank. Top lawmakers want more information about the government's role in propelling the sale of Bear Stearns Cos. to JPMorgan Chase & Co. That deal, negotiated earlier this month, was altered on Monday when JPMorgan boosted its offer for Bear Stearns to $10 per share from $2 a share, aiming to soothe Bear Stearns shareholders angry about the sale price. http://www.ibtimes.com/articles/20080326/bear-stearns-deal-sparks-senate-probe.htm Wed, 26 Mar 2008 12:11:26 EDT A one-time executive at mortgage lender troubled Countrywide Financial is looking to cash in on the market collapse. http://www.ibtimes.com/articles/20080324/former-countrywide-exec-heads-firm.htm Mon, 24 Mar 2008 13:39:56 EDT The former president and chief operating officer of Countrywide Financial Corp. will run a new mortgage company formed to acquire and restructure distressed mortgages. http://www.ibtimes.com/articles/20080324/blackrock-sponsoring-new-mortgage-firm.htm Mon, 24 Mar 2008 11:55:22 EDT