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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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July 27, 2015
19:18 EDTBLKBlackRock pursuing more private financing deals, Reuters says
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06:26 EDTBLKSymphony Communication eyes $1B funding round, WSJ reports
Symphony Communication Services, an instant-messaging software company backed by Wall Street firms including Goldman Sachs (GS), is eyeing an investment round that may value it at as much as $1B, the Wall Street Journal reports, citing people familiar with the matter. The startup is canvassing a range of possible new investors, including venture-capital funds and additional financial firms, the report says. Symphony also wants funds from its existing backers, including Goldman, Morgan Stanley (MS), JPMorgan Chase (JPM), and BlackRock (BLK), the report says. Reference Link
July 24, 2015
07:33 EDTBLKSolar Power sells UK solar project to fund managed by BlackRock
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July 21, 2015
06:57 EDTBLKBlackRock wins license to raise funds in China, Reuters reports
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July 20, 2015
09:34 EDTBLKHalliburton sees significant runway for refrack in the future
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