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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:44 EDTLMLegg Mason to cut 62 Batterymarch workers after merge, Reuters says
Legg Mason is cutting 62 employees from its Boston-based Batterymarch Financial Management division as it is merged with QS Investors, according to Reuters on Friday, citing comments from a company spokeswoman. Reference Link
News For LM From The Last 14 Days
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July 31, 2014
07:03 EDTLMLegg Mason reports Q1 adjusted EPS 91c, consensus 56c
Reports Q revenue $693.9M, consensus $704.36M. Assets Under Management were $704.3B, up slightly from $701.8B as of March 31 and up 9% from $644.5B as of June 30, 2013.
July 25, 2014
07:33 EDTLMLegg Mason acquisition positive, says Wells Fargo
After Legg Mason agreed to buy international equity manager Martin Currie, Wells Fargo thinks the deal will enable Legg Mason to gain a foothold in international equity, while enabling Currie to leverage Legg Mason's retail distribution channel. The firm does not expect the deal to affect Legg Mason's share buybacks. It keeps an Outperform rating on the shares.
July 24, 2014
08:32 EDTLMLegg Mason acquires Martin Currie
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