Franklin Resources Inc., the manager of the Franklin and Templeton mutual funds that has the majority of its equity assets in global stocks, said fiscal fourth- quarter profit climbed 3.4 percent as rising markets boosted assets.
Goodwin Procter LLP advised Cole Credit Property Trust II Inc. on its agreement to merge with Spirit Realty Capital Inc. in a stock transaction that would create a company with 2,012 properties in 48 U.S. states. Ropes & Gray LLP represented the Special Committee of CCPT II. Latham & Watkins LLP advised Spirit.
Fugitive security contractor Edward Snowden “did this country a service” by igniting a debate about the reach of the U.S. government’s electronic surveillance programs, the executive director of the American Civil Liberties Union said today.
The U.S. National Security Agency is imposing new restrictions on systems administrators and other personnel following “irreversible damage” caused by fugitive former contractor Edward Snowden, the NSA director said.
The San Francisco Giants, backed by owners from Microsoft Corp. , Cisco Systems Inc., Yahoo! Inc. and Intel Corp., are bringing Silicon Valley knowhow to bear as they take on the Texas Rangers in the World Series.
Franklin Resources Inc. is beating every money manager in the Standard & Poor’s 500 Index this year. The reason may be investor disdain for equities in the U.S., one of the world’s few stock markets showing a gain.