blog.ockhamresearch.com - 6/12/2009
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Sandra: So BlackRock is funding the $13.5 billion deal in cash and stock, cash $6.6 billion, the rest in stock… But of course, the big thing here is Barclays is trying to dispel all of this suspicion that they are not well-capitalized. The head of Barclays today saying that we are ...
Did BlackRock Pay Too Much for BGI?
iimagazine.com 7/20/2009 — Page 1 of 2 BlackRock chief executive Laurence Fink has a well-deserved reputation as a shrewd deal maker. So this spring, when Barclays was desperate for money, markets were still reeling from the financial crisis and investors were redeeming funds ...
BlackRock Tells Merrill to Take a Back Seat
traderdaily.com 12/30/2008 —
BlackRock is altering the distribution of voting rights among its largest shareholders in a complicated arrangement that involves exchanges of common and preferred shares.
As a result of the adjustment, Merrill Lynch will still retain its 49.5 ...
BlackRock as the ‘Ghostbuster’ of Wall Street
dealbook.blogs.nytimes.com 10/31/2008 — The firestorm engulfing Wall Street has singed nearly every financial firm this year and put the government in rescue mode. That has made Laurence Fink, who runs BlackRock, the multibillion-dollar money management firm, a very popular guy.
“I ...
BlackRock to Give the Public a Chance to Buy Troubled Assets
nytimes.com 7/27/2009 — Here is the latest pitch from Wall Street: those troubled assets at the banks could turn out to be gold for you. That is the line from BlackRock , the giant money manager. BlackRock is putting together an investment fund that it says will give ...
BlackRock, BNY Mellon Vie for World No. 1 Spot (Update2)
bloomberg.com 5/18/2009 — By Christopher Condon and Sree Vidya Bhaktavatsalam May 18 (Bloomberg) -- BlackRock Inc. and Bank of New York Mellon Corp. are competing to become the world’s biggest money manager as stock markets show signs of recovery. Each company is in talks to ...
Fink Says BlackRock to Take Part in Toxic-Asset Plan (Update1)
bloomberg.com 3/23/2009 — March 23 (Bloomberg) -- Laurence Fink said BlackRock Inc., the biggest publicly traded U.S. asset manager, will participate in the U.S. Treasury’s programs to purchase troubled securities from banks. BlackRock will take part in programs outlined ...
BlackRock Draws Scrutiny as a U.S. Adviser
nytimes.com 5/19/2009 — The financial crisis has ravaged many a Wall Street giant, but it has also produced a handful of winners. BlackRock, a money manager that is much admired but little known outside financial circles, is fast emerging as one of the nation’s financial ...
Reader Question: What If My 401k Has Horrible Investment Options?
mymoneyblog.com 10/29/2009 — Here's another good reader question about crappy 401k plans. Reader Robert saves enough to max out his 401k each year if he wanted to, in addition to maxing out his Roth IRA every year which he already does. However, his 401k plan is filled with expensive actively-managed ...
Skinning the Fat Cats —
The Big Money 6/11/2009
The Obama Administration has named its enforcer of fat cat pay. He is Washington attorney Kenneth R. Feinberg, and, as CNNMoney.com puts it, he'll be charged with " curbing runaway corporate pay practices ." Just don't call Feinberg a "czar." "One ...
Wonk Watch —
The Big Money 6/11/2009
A series of documents on academic statements of political loyalty—in particular, a case involving a University of California professor of history in 1949—dominated Brad DeLong 's blog today . The professor in question refused to sign the oath of ...
Big Tobacco Up in Smoke —
The Big Money 6/12/2009
Is this the beginning of the end for Big Tobacco? Yesterday the Senate took what surely will be seen as an historic step to pass legislation putting the tobacco industry under the regulation of the Food and Drug Administration , the New York Times ...
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