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Stock Market & Financial Investment News

News Breaks
February 4, 2014
08:33 EDTSI, BLKSiemens awarded turbine order for Windthorst-2 wind power plant
The Windthorst-2 wind power project in Windthorst, Texas, is expected to commence commercial operation in fall 2014. With 28 Siemens (SI) 2.3-MW wind turbines, the project will provide clean power to nearly 20,000 American households. A service agreement was also signed for the project and will help ensure the reliability, availability and performance of the wind turbines. A majority interest in the Windthorst-2 project was recently sold to a fund managed by BlackRock (BLK). OwnEnergy will maintain a minority ownership interest and manage its construction.
News For SI;BLK From The Last 14 Days
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February 2, 2016
07:20 EDTBLKSEC Equity Market Structure Advisory Committee to hold a meeting
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January 27, 2016
06:46 EDTBLKFee prices on mutual funds, ETFs sliding towards zero, WSJ says
There is intense fee price competition occurring in the asset management sector as several fund firms, including BlackRock (BLK), Charles Schwab (SCHW), and others, cut fees on their passive products close to 0%, the Wall Street Journal reports. The competition is suppressing industry margins and building a greater impetus for firms to achieve scale, the report says. The slide in costs have been under way for years but is accelerating as the sector's largest companies are targeting increasingly cost-obsessed investors, the report says. Over 100 mutual funds and exchanged-traded funds currently cost $10 or less per $10,000 invested, up from 40 in 2010, the report says, citing Morningstar. Reference Link
January 26, 2016
06:45 EDTBLKBlackRock says clients seeking more illiquid holdings, Bloomberg says
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