Mary Athridge News
-
Traders are standing by Platts, the company that provides benchmark prices for much of the world’s energy products, amid a European probe into market manipulation.
-
BlackRock Inc. and Western Asset Management Co. are offering a new twist on traditional money- market funds as regulators are set to impose sweeping changes on the $2.58 trillion industry.
-
Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.
-
Michael Mauboussin, chief investment strategist at the Legg Mason Inc. unit that’s home to Bill Miller, left the firm this week.
-
Legg Mason Inc., the money manager searching for a new chief executive officer, rose the most in four months after a report said two buyout firms have shown an interest in taking it private.
-
Mark Fetting, chief executive officer of Legg Mason Inc., was out of time.
-
Legg Mason Inc., the money manager under pressure from activist investor Nelson Peltz, said Mark R. Fetting will step down as chairman and chief executive officer after failing to end almost five years of client redemptions.
-
Western Asset Management Co. and Janus Capital Group Inc. are in preliminary discussions with Bonds.com Group Inc. to use the electronic trading service as they seek alternatives to dealers with shrinking inventories.
-
Citigroup Inc. and Goldman Sachs Group Inc. are among Wall Street firms that shifted operations to other cities and told staff to work from home as Hurricane Sandy forced evacuations in New York.
-
Retail investors in the U.S., burned by two market crashes in a decade, have shunned stocks for the longest stretch in more than 23 years, upsetting the balance of power in the $10.5 trillion mutual-fund industry.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page