PNC Financial Services Group (NYSE:PNC) To Sell Its Entire 22% Interest In BlackRock Inc. (NYSE:BLK)

PNC Financial Services Group (NYSE:PNC), which is BlackRock Inc.’s (NYSE:BLK) largest stockholder, has indicated that it will sell its stake of around $17.3 billion in the asset management company to fee up the bank to consider potential acquisitions. PNC is selling its 22% stake in BlackRock On Monday, Blackrock indicated that the Pittsburgh-based financial institution […]

Who Is The Head Of Barrick Gold Corporation (USA)(NYSE:ABX)’s Business Performance?

Barrick Gold Corporation (USA)(NYSE:ABX)’s named Catherine Raw as head of business performance. He is an executive of BlackRock, Inc. (NYSE:BLK) and also co-manager of one of its mining funds. She headed the mining fund with veteran Evy Hambro since 2011. BlackRock disclosed in March that Raw will leave the company to take a corporate role […]

BlackRock, Inc. (NYSE:BLK)’s AUM Surges By 10% In Third-Quarter

Boston, MA 10/15/2014 (wallstreetpr) – It was the day when BlackRock, Inc. (NYSE:BLK) published its third-quarter financial performance. The main highlight of the results was the 10% year-over-year growth in the company’s asset under management. The asset manager also reported surge in net income from $730 million or $4.21 per share in the third quarter […]

Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) Plotting To Buy ITV

Boston, MA 09/03/2014 (wallstreetpr) – Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) is interested in making another media acquisition in Europe. This time around the multinational corporation is said to be targeting ITV, a British media company. Liberty is said to be seeking the support of major shareholders in ITV to make its […]

BlackRock, Inc. (NYSE:BLK) managed to beat the estimates of EPS by analysts in the second quarter results

Boston, MA 07/19/2013 (wallstreetpr) – The investment management firm, BlackRock, Inc. (NYSE:BLK) had recently reported its earnings results for the second quarter of fiscal year 2013 in which the company had managed to beat the estimates of EPS by analysts, despite missing the estimates on revenue. The world’s largest fund manager, by assets, had reported earnings […]

Will arrest of Ex BlackRock Inc. (NYSE:BLK) manager impact the company

Boston, MA 05/15/2013 (wallstreetpr) – In a probe by the financial watchdog of United Kingdom, the Financial Conduct Authority executed the arrest of Mark Lyttleton, the former manager at BlackRock Inc. (NYSE:BLK). The former manager was reported to have been arrested along with his wife, Delphine for a probe into insider trading. Crack down on […]

BlackRock, Inc (NYSE:BLK)’s Fink sees compensation sink to $20.2 million

Boston, MA 04/22/2013 (wallstreetpr) – The largest money manger in the world, BlackRock, Inc (NYSE:BLK) (Closed: $250.16, Up by 1.98%), paid Laurence D. Fink, its Chief Executive Officer $20.2 million for 2012, which was a decrease of 7.5 percent from the pervious year. He received a salary of $500,000, a cash bonus of $8.6 million […]