Topic: BlackRock Inc.
Plan to cut mortgage principal pitched to Congress
Reuters US Online Report Domestic News
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. Proposals from a coalition led by Fortress Investment Group address the problem of "underwater" loans, whose ...
BlackRock says Ken Wilson joins as vice chairman
Reuters US Online Report Business News
NEW YORK (Reuters) - BlackRock Inc <BLK.N> said on Friday that Kendrick Wilson, a former Treasury Department adviser and veteran investment banker, will join the world's biggest asset manager as vice chairman and member of the chairman's office. Wilson, 63, will work with professionals to support ...
BlackRock 4Q profit leaps on BGI acquisition
AP News
BlackRock posts 4th-qtr profit nearly 4 times higher, boosted by Barclay's Global acquisitionBlackRock said Wednesday its fourth-quarter profit surged nearly fourfold due to its $13.5 billion acquisition of Barclays Global Investors last year. Assets under management shot up to $3.35 trillion, from $1.31 trillion the year ...
BlackRock earnings surpass estimates
Reuters US Online Report Business News
NEW YORK (Reuters) - BlackRock Inc's <BLK.N> 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 Barclays Global Investors. Net income rose to $256 million, or ...
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