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Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) -- You'd have to go back to the 1930s to find a worse week for U.S. stocks than this one, so why is one investment strategist breathing a bit easier?"I think we are in the terminal stages of the decline," said Bob Doll, global chief investment officer of equities for asset management giant BlackRock Inc. "There's a pretty high chance that the low we saw [Friday]...
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World Economy & Development (Free subscription) | 10/09/2008
Oct. 9 (Bloomberg) -- BlackRock Inc. and Pacific Investment Management Co. submitted proposals to manage troubled mortgage- backed securities in the biggest portion of the Treasury's $700 billion financial-rescue program, people familiar with the matter said. State Street Corp. and Bank of New York Mellon Corp. bid to handle record-keeping and custody services for the Treasury, said the...
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Reuters (Free subscription) | 10/09/2008
(Reuters) - BlackRock Inc and Pacific Investment Management Co (Pimco) are bidding to manage mortgage-backed assets in the U.S.'s $700 billion financial bailout, Bloomberg news agency said, citing people familiar with the matter.
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Reuters (Free subscription) | 10/07/2008
BOSTON (Reuters) - Large U.S. asset managers with strong fixed-income records, such as BlackRock Inc , PIMCO and Trust Company of the West, are seen as favored to oversee the U.S. government's $700 billion financial rescue fund.
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Boston Globe (Free subscription) | 10/07/2008
Large U.S. asset managers with strong fixed-income records, such as BlackRock Inc , PIMCO and Trust Company of the West, are seen as favored to oversee the U.S. government's $700 billion financial rescue fund.
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Market Watch (Free subscription) | 10/09/2008
BOSTON (MarketWatch) -- BlackRock Inc. and bond giant Pimco have put forward proposals to oversee mortgage-backed securities in the government's $700 billion financial-bailout plan, Bloomberg reported Thursday. Meanwhile, State Street Corp. and Bank of New York Mellon Corp. are bidding to manage record-keeping and custody services for the Treasury Dept., according to the report, which...
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Indian Express (Free subscription) | 10/10/2008
... Corp, the biggest chipmaker, gained 2.5% . Bank of America Corp, JPMorgan Chase & Co and Alcoa Inc climbed more than 4 %. The MSCI World Index rose for the first time since October 1 after falling to its cheapest valuation in more than a decade. The S&P 500 added 12.63, or 1.3%, to 997.57 at 9.41 am in New York. The Dow Jones Industrial Average gained 141.3, or 1.5% , to 9,399.4 and the Nasdaq...
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LA Times (Free subscription) | 10/08/2008
... doesn't seem to be any rational movements," said Masafumi Oshiden, the Tokyo-based fund manager at BlackRock Inc., an investment management firm headquartered in New York. "This is serious," he added. "Lots of money and liquidity are being wiped away."Among the hardest hit were shares of electronics export giants such as Sony Corp. and Sharp Corp., falling by more than 10%. Toyota...
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Japan Times (Free subscription) | 10/06/2008
Tokyo stocks nosedived Wednesday, with the key Nikkei index plunging more than 9 percent to a level unseen in more than five years on panic selling amid escalating fears over the global financial crisis. "It's capitulation," said Masafumi Oshiden, a Tokyo-based fund manager at BlackRock Inc., which oversees more than $1.4 trillion. "There are lots of forced sellers. If you're a fund that's...
