News on BlackRock Inc.

Blockbuster, BlackRock, Ford are big movers

2010-03-17T15:15:51Z

<div id="subtitle">Blockbuster, BlackRock, Ford, Staples, YRC Worldwide among big market movers Wednesday</div><div><p>Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:</p><p>...

BlackRock raises quarterly dividend to $1

2010-02-25T16:00:09Z

<div id="subtitle">BlackRock raises regular quarterly dividend to $1</div><div><p>Investment manager BlackRock Inc. said Thursday its board has increased its regular quarterly dividend by 28 percent to $1.</p><p>The dividend is payable March 23 to shareholders of record on March 8. 2010.</p><p>Shares closed down 6 cents at $218.30.</p><img src="http://admatch-syndication.mochila.c...

Management firm to run Stuyvesant Town transition

2010-02-22T09:46:02Z

<div><p>NEW YORK (Reuters) - A new real estate management firm has been hired to manage the transition of ownership for the Stuyvesant Town and Peter Cooper Village housing complex in Manhattan, its owner said on Friday.&a...

Plan to cut mortgage principal pitched to Congress

2010-02-22T12:09:53Z

<div><p>NEW YORK (Reuters) - A group of influential mortgage investors is intensifying efforts to encourage a new phase to U.S. housing stability plans that would give homeowners ability and incentive to pay their loans.</p><p>Proposals from a coalition led by Reuters) - BlackRock Inc &lt;BLK.N&gt; said on Friday that Kendrick Wilson, a former Treasury Department adviser and veteran investment banker, will join th...

BlackRock 4Q profit leaps on BGI acquisition

2010-02-22T14:10:49Z

<div id="subtitle">BlackRock posts 4th-qtr profit nearly 4 times higher, boosted by Barclay's Global acquisition</div><div><p>BlackRock said Wednesday its fourth-quarter profit surged nearly fourfold due to its $13.5 billion acquisition of Barclays Global Investors last year.</p><p>Assets under management shot up to $3.35 trillion, from $1.31 trillion the ye...

BlackRock earnings surpass estimates

2010-02-22T14:16:33Z

<div><p>NEW YORK (Reuters) - BlackRock Inc's &lt;BLK.N&gt; fourth-quarter earnings report gave investors an indication of the jolt the world's biggest asset manager may get from its move into exchange-traded funds following its December 1 acquisition of Barc...

PNC 4Q profit rises despite growing loan losses

2010-02-22T17:10:57Z

<div id="subtitle">PNC 4Q profit rises on BlackRock acquisition gain; bank sets aside more money for loan losses</div><div><p>PNC Financial Services on Thursday said fourth-quarter net income rose sharply, in part due to the sale of institutional asset company Barclays Global Investors...

Huge NYC apartment complex misses loan payment

2010-02-22T23:20:04Z

<div><p>NEW YORK (Reuters) - The joint venture led by Tishman Speyer and BlackRock Inc that owns New York City's vast Stuyvesant Town/

Somerset mall owners buy ex-Kmart headquarters

2010-02-22T23:57:28Z

<div id="subtitle">Owners of suburban Detroit's upscale Somerset mall buy ex-Kmart headquarters for $17.5 million</div><div><p>Public records say the owner of southeastern Michigan's upscale Somerset mall has bought the adjacent former Kmart Corp. headquarters site for $17.5 million....

BlackRock's Doll: Forget inflation, buy stocks

2010-02-23T00:35:09Z

<div><p>NEW YORK (Reuters) - Buy stocks and don't worry about inflation -- that's the advice of the chief stock picker of the world's biggest fund firm, BlackRock Inc &lt;BLK.N&gt;.</p><p>Bob Doll, BlackRock's vice chairman and chief investment officer f...

BlackRock plans hedge fund for U.S. retail clients

2010-02-23T17:34:55Z

<div><p>BOSTON (Reuters) - BlackRock Inc &lt;BLK.N&gt; plans to launch a portfolio that will let wealthy individual investors access hedge funds that have boosted pension funds' and endowments' returns, the company said in a regulatory filing on Thursday.</p><p>The fund, BlackRock Core Alternatives Po...

Calpers firing some real estate portfolio managers

2010-02-23T18:22:56Z

<div><p>SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, has fired or will sack a number of its real estate portfolio managers amid steep losses for its property assets, according to a report on its web site.</p><p>The Reuters) - BlackRock Inc &lt;BLK.N&gt;. Chief Executive Officer Laurence Fink is worried that some financial regulatory proposals under consideration could do more harm than good.</p><p>Speaking at Barclays Global Investors merger; adds board members</div><div><p>Investment manager BlackRock Inc. said Tuesday that it has completed its acquisition of Barclays Global Investors, including the purchase of the iShares exchange traded funds business.</p><p>The ...

NYC renters, landlord seek accord over rent fight

2010-02-24T05:42:13Z

<div><p>NEW YORK (Reuters) - Tenants in a vast New York City apartment complex and owner Tishman Speyer on Friday said they had opened talks to settle a rent clash, one day before a planned rally against the landlord.</p><p>New York...

Stuyvesant Town woes may pave way for loan changes

2010-02-24T07:54:15Z

<div><p>NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers ...

Court Rules Owners Of NYC Apartment Complex Improperly Charged Market Rents

2009-10-22T14:17:43Z

NEW YORK - OCTOBER 22: People walk in front of the Stuyvesant Town and Peter Cooper Village apartment complexes October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owne...

NY court rules against Stuyvesant Town owners

2010-02-24T15:39:26Z

<div><p>NEW YORK (Reuters) - New York State's highest court on Thursday ruled that the landlords of Manhattan's largest apartment complex improperly raised thousands of rents, further pushing the owners of the $5.4 billion deal struck at the height of a commercial real estate boom toward default.</p&...

BlackRock net jumps;cites client appetite for risk

2010-02-24T16:49:18Z

<div><p>BOSTON (Reuters) - Asset manager BlackRock Inc &lt;BLK.N&gt; on Tuesday reported quarterly earnings rose a stronger than forecast 46 percent as more risk-tolerant clients shifted their investments to higher-margin products like stock and bond funds.</p><p>"Improving investo...