International Business News - LM 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 Among the stock activity stories for Tuesday, July 1, from AP Financial News: NEW YORK (AP)--Shares of CBRL Group Inc., which operates Cracker Barrel Old Country Store restaurants and gift shops, declined to a multiyear low after the company cut its fiscal 2008 outlook. http://www.ibtimes.com/articles/20080701/movers-roundup-cbrl-legg-mason.htm Tue, 01 Jul 2008 14:17:22 EDT Legg Mason Inc. shares plunged more than 5 percent Tuesday, after investors reacted negatively to news the investment manager will take a big charge in the latest quarter. http://www.ibtimes.com/articles/20080701/legg-mason-drops-day-after-firm-reveals-charge.htm Tue, 01 Jul 2008 18:34:23 EDT Among the premarket stories for Tuesday, July 1, from AP Financial News: NEW YORK (AP)--Two analysts cut their earnings estimates and price targets for Legg Mason Inc. Tuesday, a day after the investment manager said it would take a $154.5 million after tax, non-cash charge during the quarter ended June 30. http://www.ibtimes.com/articles/20080701/premarket-roundup-legg-mason-cable-tv.htm Tue, 01 Jul 2008 09:39:43 EDT Two analysts cut their earnings estimates and price targets for Legg Mason Inc. Tuesday, a day after the investment manager said it would take a $154.5 million after tax, non-cash charge during the quarter ended June 30. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-legg-mason.htm Tue, 01 Jul 2008 08:41:11 EDT Asset-management firm Legg Mason Inc. said Monday it expects to take a charge of 64 cents per share in the fiscal first quarter to help shore up three money market funds managed by a subsidiary. http://www.ibtimes.com/articles/20080630/legg-mason-to-take-charge-to-support-funds.htm Mon, 30 Jun 2008 18:02:28 EDT The chief financial officer of investment manager Legg Mason Inc. exercised options for 15,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday. http://www.ibtimes.com/articles/20080612/legg-mason-cfo-exercises-options.htm Thu, 12 Jun 2008 13:37:06 EDT The founder and chairman of investment manager Legg Mason Inc. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080520/legg-mason-chairman-exercises-options.htm Tue, 20 May 2008 14:30:35 EDT Legg Mason Inc. said Wednesday it priced an offering of a special class of stock the investment manager is selling to raise $1 billion. The company expects the sale to close Monday. http://www.ibtimes.com/articles/20080507/legg-mason-prices-1-billion-sale-of-special-class-of-stock.htm Wed, 07 May 2008 09:04:46 EDT Among the stock activity stories for Tuesday, May 6, from AP Financial News: NEW YORK (AP) _ Shares of Advanced Micro Devices Inc. continued to rise Tuesday as documents revealed the chip maker filed an antitrust lawsuit against competitor Intel Corp. and an analyst said the company may be close to retooling its manufacturing practices. http://www.ibtimes.com/articles/20080506/movers-roundup-amd-legg-mason.htm Tue, 06 May 2008 18:35:45 EDT Shares of Anadarko Petroleum Corp. rose to an all-time high Tuesday, posting the biggest gain on the Standard & Poor's 500 and supporting the index to a higher close. http://www.ibtimes.com/articles/20080506/s-p-500-leaders-laggards-anadarko-amd-legg-mason-tenet.htm Tue, 06 May 2008 17:51:15 EDT Among the earnings stories for Tuesday, May 6, from AP Financial News: ZURICH, Switzerland (AP) _ Adecco SA on Tuesday reported a 3 percent rise in first quarter net profit but the temporary employment firm warned that it won't reach its revenue target in 2008 because staffing markets are deteriorating worldwide. http://www.ibtimes.com/articles/20080506/earnings-roundup-adecco-w-t-offshore.htm Tue, 06 May 2008 12:03:46 EDT Legg Mason Inc. plans to raise $1 billion by selling a special kind of stock to raise enough cash to continue supporting company-run funds struggling amid turbulent capital markets, the investment manager said Tuesday. http://www.ibtimes.com/articles/20080506/legg-mason-to-sell-1-billion-in-special-class-of-stock.htm Tue, 06 May 2008 08:22:00 EDT Legg Mason Inc. lost more than $250 million in the fiscal fourth quarter as the investment manager set money aside for possible bailouts of funds suffering from turbulent markets, the company said Tuesday. http://www.ibtimes.com/articles/20080506/legg-mason-loses-more-than-250-million-in-fiscal-4q.htm Tue, 06 May 2008 07:54:49 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 Shares of Legg Mason Inc. rose Tuesday morning as Wall Street brushed off news the investment manager will take a $316 million first-quarter charge to provide capital support for a subsidiary. The s... http://www.ibtimes.com/articles/20080401/out-of-the-gate-legg-mason-shares-rise.htm Tue, 01 Apr 2008 09:42:06 EDT Investment manager Legg Mason Inc. said Friday it obtained a letter of credit from Citibank to support an investment holding in a money-market fund managed by a subsidiary. http://www.ibtimes.com/articles/20080307/legg-mason-obtains-letter-of-credit.htm Fri, 07 Mar 2008 10:07:00 EST A Wachovia analyst upgraded shares of Legg Mason Inc. Wednesday, saying the stock is down to a price, and the asset manager's new chief executive could make some long-overdue changes. http://www.ibtimes.com/articles/20080305/ahead-of-the-bell-legg-mason-upgraded.htm Wed, 05 Mar 2008 09:21:35 EST The mutual fund industry's trade association, the Investment Company Institute, paid Covington & Burling $240,000 in 2007 to lobby on tax issues. The firm lobbied Congress and the Treasury Department on the taxation of mutual funds and mutual fund investors, according to a form posted online Feb. 13 by the Senate's public records office. http://www.ibtimes.com/articles/20080221/mutual-fund-group-lobbied-on-taxation.htm Thu, 21 Feb 2008 17:08:28 EST Undeterred by the threat of hostile takeover, slumping Internet pioneer Yahoo Inc. completed an acquisition of its own Tuesday by buying online video service Maven Networks Inc. for $160 million. http://www.ibtimes.com/articles/20080212/yahoo-acquires-video-service-for-160m.htm Tue, 12 Feb 2008 15:11:51 EST The president and chief executive of Legg Mason Inc., an asset-management company, bought 13,590 shares of stock, according to a Securities and Exchange Commission filing Friday. http://www.ibtimes.com/articles/20080204/legg-mason-ceo-buys-13-590-shares.htm Mon, 04 Feb 2008 13:02:34 EST