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Stock Market & Financial Investment News

News Breaks
June 27, 2014
16:12 EDTBLKBlackRock Advisors receives Wells Notice
BlackRock Advisors has received a written Wells Notice from the SEC staff indicating the staff’s preliminary determination to recommend to the commission that the SEC file an action against BlackRock Advisors, a subsidiary of BlackRock. The SEC staff has taken the preliminary view that BlackRock Advisors’ disclosure as it related to then-employee Daniel Rice’s situation, and its policies and procedures, were inadequate. Rice was a portfolio manager for the BlackRock Energy & Resources Portfolio, and retired due to perceived potential conflict of interest as a result of his personal investments and involvement in a family business, Rice Energy LP.
News For BLK From The Last 14 Days
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August 26, 2015
09:01 EDTBLKBlackRock to acquire FutureAdvisor, terms not disclosed
BlackRock has entered into a definitive agreement to acquire FutureAdvisor. FutureAdvisor will operate as a business within BlackRock Solutions. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2015. The financial impact of the transaction is not material to BlackRock earnings per share. Terms were not disclosed.
07:39 EDTBLKPiper Jaffray lowers estimates for asset managers below consensus
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August 23, 2015
12:50 EDTBLKBlackRock shares could return 20% in one year, Barron's says
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August 19, 2015
06:13 EDTBLKSnapdeal secures $500M in investment round led by Alibaba, Softbank
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