International Business News - blackrock 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 Asset management and investment firm BlackRock Inc. is the latest financial firm to cut jobs amid the ongoing credit crisis. In an internal memo distributed to employees Monday, the company said it will cut jobs as part of broader expense reductions in an effort to improve profitability. Cuts will come from across the firm, the memo said. http://www.ibtimes.com/articles/20081118/blackrock-to-cut-jobs-amid-market-turmoil.htm Tue, 18 Nov 2008 19:24:58 EST Shares of BlackRock Inc. fell for the second straight session Wednesday after the asset manager's third-quarter profit report fell short of Wall Street expectations. http://www.ibtimes.com/articles/20081022/blackrock-slumps-for-2nd-session-after-3q-miss.htm Wed, 22 Oct 2008 21:03:34 EDT Asset management and investment firm BlackRock Inc. on Tuesday said its third-quarter profit fell 15 percent, weighed down by investment losses as equity and money markets slid into turmoil. http://www.ibtimes.com/articles/20081021/market-turmoil-sends-blackrock-3q-profit-lower.htm Tue, 21 Oct 2008 09:08:40 EDT BlackRock Inc. is trying to raise some $3 billion to create a second fund that will buy distressed debt that banks are trying to unload because of the credit crisis, a person with knowledge of the deal said on Wednesday. http://www.ibtimes.com/articles/20080903/blackrock-to-create-fund-to-buy-leveraged-loans.htm Wed, 03 Sep 2008 16:51:29 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: NEW YORK (AP)--Investment manager BlackRock Inc. on Thursday said profits rose 23 percent in the second quarter on a sharp increase in assets under management, including deals to liquidate troubled investment portfolios for others. http://www.ibtimes.com/articles/20080717/earnings-roundup-blackrock-eurotunnel.htm Thu, 17 Jul 2008 10:49:49 EDT Investment manager BlackRock Inc. on Thursday said profits rose 23 percent in the second quarter on a sharp increase in assets under management, including deals to liquidate troubled investment portfolios for others. http://www.ibtimes.com/articles/20080717/blackrock-2q-earnings-rise-sharply.htm Thu, 17 Jul 2008 07:21:45 EDT Merrill Lynch & Co. may take a $6 billion writedown in for the second quarter and could look to raise capital by selling part of its stake in BlackRock, an investment management firm, for up to $2 billion, according to a Citigroup report. http://www.ibtimes.com/articles/20080707/merrill-lynch-citigroup-blackrock-writedown.htm Mon, 07 Jul 2008 15:09:07 EDT Shares of BlackRock Inc. rose Monday afternoon after a Goldman Sachs Group Inc. analyst raised his rating on the investment manager to "Buy," saying a shares are at an attractive price. http://www.ibtimes.com/articles/20080623/last-call-blackrock-rises-on-upgrade.htm Mon, 23 Jun 2008 15:18:21 EDT Among the premarket stories for Monday, June 23, from AP Financial News: NEW YORK (AP)--A Goldman Sachs analyst upgraded asset manager company BlackRock Inc. Monday, saying the stock has slipped to an attractive price and the business is in good shape. http://www.ibtimes.com/articles/20080623/premarket-roundup-blackrock-lm-ericsson.htm Mon, 23 Jun 2008 10:29:13 EDT A Goldman Sachs analyst upgraded asset manager company BlackRock Inc. Monday, saying the stock has slipped to an attractive price and the business is in good shape. http://www.ibtimes.com/articles/20080623/ahead-of-the-bell-blackrock-upgraded.htm Mon, 23 Jun 2008 08:41:35 EDT BlackRock Inc. Chief Executive Laurence Fink on Wednesday said government-backed mortgage lenders need a major influx of capital in order to pursue opportunities in the market's dislocation, a move that could help the nation's housing industry climb back from its worst slump in decades. http://www.ibtimes.com/articles/20080611/blackrock-ceo-says-fannie-freddie-should-raise-capital.htm Wed, 11 Jun 2008 14:00:51 EDT The general counsel of financial services company BlackRock Inc. sold 3,031 shares of common stock, according to a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080603/blackrock-general-counsel-sells-common-shares.htm Tue, 03 Jun 2008 12:40:39 EDT Swiss bank UBS AG said Wednesday it sold subprime and other mortgage-based securities to a newly created investment fund run by U.S. asset manager BlackRock Inc. for $15 billion. http://www.ibtimes.com/articles/20080521/ubs-sells-subprime-assets-to-blackrock.htm Wed, 21 May 2008 16:30:06 EDT 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 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 Asset manager BlackRock is set to be signed up as the manager of a $75 billion fund being put together by U.S. banks to help struggling structured investment vehicles (SIVs), the Financial Times said, without citing the source of the information. http://www.ibtimes.com/articles/20071121/blackrock-super-siv.htm Wed, 21 Nov 2007 09:58:27 EST