Chicago Tribune (Free subscription) | 10/09/2008
Northern Trust Corp. and the New York Stock Exchange have jointly submitted a proposal to as part of the U.S. Treasury Department's proposal to handle auction management services and custody bank services for distressed assets, a person familiar with the situation said.
PR News Wire (Free subscription) | 10/08/2008
Attitudes about Wealth Preservation and Wealth Transfer Differ CHICAGO, Oct. 8 /PRNewswire/ -- Young affluent Blacks are more worried about wealth preservation than their older counterparts, according to "Wealth in Black America," Northern Trust's first annual survey of affluent Black households in the United States, including African-Americans and Blacks of other origins. Three in four Generations...
Chicago Tribune (Free subscription) | 10/08/2008
The Chicago-based investment company misrepresented the risks of auction-rate securities, and a February auction failure trapped holders, a federal lawsuit alleges.
Seattle Post-Intelligencer (Free subscription) | 10/07/2008
The University of Washington has reached a settlement with Northern Trust, an Illinois-based bank the university said is responsible for losing $7.5 million of its money to an unauthorized investment.
CFO (Free subscription) | 10/03/2008
The finance chief of the Chicago-based bank worries about his clients and his balance sheet more than "market gyrations."
PR News Wire (Free subscription) | 10/03/2008
CHICAGO, Oct. 3 /PRNewswire-FirstCall/ -- Northern Trust Corporation announced today that it will webcast its third quarter 2008 earnings conference call live on Wednesday, October 22, 2008. The audio webcast opens the call to all investors, allowing them to listen to the perspectives offered by Steven L. Fradkin, Executive Vice President and Chief Financial Officer. The webcast will be accessible...
PR News Wire (Free subscription) | 10/02/2008
NEW YORK, Oct. 2 /PRNewswire/ -- Northern Trust Global Investments (NTGI) today announced that it will transfer the listing of its NETS(TM) ETFs currently listed on the American Stock Exchange (Amex) to NYSE Arca after the close of NYSE Euronext's planned acquisition of the Amex. NETS(TM) ETFs currently listed on the AMEX include: -- NETS(TM) FTSE 100 Index Fund (UK) / Symbol: LDN -- NETS(TM) DAX(R)...
Business Week (Free subscription) | 10/01/2008
Movers: Boston Scientific, Diebold, Wal-Mart, Northern TrustStocks in the news Wednesday From Johnson & Johnson's () Cordis Corp. says U.S. district court in Delaware entered final judgment of $1.2 billion to Cordis on patents infringed by Medtronic () and Boston Scientific (). Cordis says cases involve the original palmaz balloon expandable stent patent. MDT was ordered to pay about $521 million and...
Business Wire (Free subscription) | 09/30/2008
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has placed the 'AA-' long-term and 'F1+' short-term Issuer Default Ratings (IDRs) of Northern Trust Corporation (NTRS) on Rating Watch Negative. Fitch
Calculated Risk (Free subscription) | 09/30/2008
With the focus on the bailout bill yesterday, the August release from the Bureau of Economic Analysis (BEA) of personal income and outlays almost went unnoticed. Asha Bangalore at Northern Trust noticed: The July-August data point to a possible drop in consumer spending during the third quarter. If the forecast is accurate, it would be the first quarterly decline since fourth quarter of 1991.
Market Watch (Free subscription) | 09/29/2008
Northern Trust Corp. says Monday that it is putting up hundreds of millions of dollars to make sure its money funds don’t drop below $1 a share.
Chicago Tribune (Free subscription) | 09/29/2008
Northern Trust Corp., citing the "current turbulent market conditions," disclosed Monday that it will record a pretax $525 million in third-quarter charges to provide financial support to certain investment funds the Chicago trust bank sponsors.
Market Watch (Free subscription) | 09/29/2008
NEW YORK (MarketWatch) -- Northern Trust Corp. said Monday that it will will increase the support for certain cash investment funds. The capital support levels will increase in aggregate by $321 million, to a maximum capital contribution of $550 million. These measures will enable the funds to continue to maintain a stable net asset value of $1.00. Northern Trust expects to incur a pre-tax charge...
Market Watch (Free subscription) | 09/27/2008
Northern Trust Corp. (NTRS) told clients of its security lending business that they stand to lose money due to Lehman Brothers Holdings Inc.'s (LEHMQ) bankruptcy and the subprime mess, the New York Post reported on its Web site Saturday. In a conference call with clients Friday, a Northern Trust official said cash used as collateral in its security-lending business was invested in funds tied to Lehman...
New York Post (Free subscription) | 09/27/2008
Chicago investment manager Northern Trust told clients of its security lending business that they stand to lose a good chunk of change, The Post has learned. It's yet another unexpected consequence of the Lehman Brothers' bankruptcy and the...
