International Business News - Legg 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 Shares of Legg Mason Inc. advanced Tuesday, benefiting from a rally in financial stocks, as analysts were encouraged by the company's sufficient capital levels. http://www.ibtimes.com/articles/20080729/legg-mason-shares-rise-in-line-with-financials.htm Tue, 29 Jul 2008 18:54:09 EDT Legg Mason Inc. on Friday reported a loss for its fiscal first quarter, as the investment manager recorded a one-time charge. For the period ended June 30, the company reported a net loss of $31.3 million, or 22 cents per share, compared with a profit of $191 million, or $1.32 per share, in the year-ago period. http://www.ibtimes.com/articles/20080725/legg-mason-reports-1st-quarter-loss-on-charges.htm Fri, 25 Jul 2008 10:26:07 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 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 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 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 Investment manager Legg Mason Inc. said Monday it named Ronald Dewhurst a senior managing director and head of international asset management. Dewhurst, who will begin work on Feb. 11, will oversee all growth plans and investment subsidiaries outside of the United States. He will have offices in London and Melbourne, Australia. http://www.ibtimes.com/articles/20080204/legg-mason-names-international-head.htm Mon, 04 Feb 2008 07:21:10 EST Investment management firm Legg Mason Inc. said Wednesday fiscal third-quarter earnings fell 12 percent due to a charge related to commercial paper losses. http://www.ibtimes.com/articles/20080130/legg-mason-3q-earnings-down-12-percent.htm Wed, 30 Jan 2008 07:52:06 EST Investment manager Legg Mason Inc. said Tuesday its board of directors approved a quarterly dividend of 24 cents per share. The dividend will be paid April 7 to shareholders of record on March 6. http://www.ibtimes.com/articles/20080129/legg-mason-declares-dividend.htm Tue, 29 Jan 2008 12:07:44 EST Investment manager Legg Mason Inc. said Tuesday it named Scott Nuttall to the board of directors. Nuttall has been a member of the board at Kohlberg, Kravis, Roberts & Co., which recently invested $1.25 billion in Legg Mason. http://www.ibtimes.com/articles/20080129/legg-mason-names-new-board-member.htm Tue, 29 Jan 2008 12:07:18 EST Financial-services provider Legg Mason Inc. on Monday said co-founder Raymond A. Mason stepped down as chief executive and president, handing over the positions to Mark R. Fetting. http://www.ibtimes.com/articles/20080128/legg-mason-names-fetting-as-ceo.htm Mon, 28 Jan 2008 17:31:20 EST