Key Developments: BlackRock Inc (BLK)
290.95USD
17 May 2013
$5.54 (+1.94%)
$285.41
$287.10
$291.21
$286.70
567,006
736,823
$291.21
$160.25
Latest Key Developments (Source: Significant Developments)
Blackrock Inc Issues FY 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Blackrock Inc announced that for fiscal 2013, it continue to grow revenues by the mid single digits year over year. The Company reported revenues of $9.337 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $10.316 billion for fiscal 2013. Full Article
Blackrock Inc To Lay Off Nearly 300 Employees-Reuters
Reuters reported that Blackrock Inc will lay off nearly 300 employees, or about 3% of its workforce. Full Article
BlackRock Inc Sells Entire Stake in Avocet Mining plc
Avocet Mining plc announced that BlackRock Inc has sold 14,467,462 shares in Avocet Mining on February 14, 2013. Following the transaction, BlackRock holds no shares in Avocet Mining. Full Article
Blackrock Inc Announces Change in CFO
Blackrock Inc announced that Gary S. Shedlin, a strategic and financial advisor to the Company, will join the Firm as Senior Managing Director and Chief Financial Officer. Mr. Shedlin will become a member of BlackRock`s Global Executive Committee, reporting to Chairman and Chief Executive Officer Laurence D. Fink. Mr. Shedlin will succeed Ann Marie Petach. Mr. Shedlin will join the Firm on March 11, 2013 and work closely with Ms. Petach through a transition period until she completes her tenure as CFO. Full Article
Blackrock Inc Declares Quarterly Cash Dividend
Blackrock Inc announced that the Board of Directors has declared a quarterly cash dividend of $1.68 per share of common stock. The dividend is payable March 25, 2013 to shareholders of record at the close of business on March 7, 2013. Full Article
Blackrock Inc To Buy Credit Suisse Group AG's ETF Business-Reuters
Reuters reported that Blackrock Inc is to buy Credit Suisse Group AG's exchange-traded fund (ETF) business. The price tag on the deal announced was not disclosed, but could be between $200 million and $300 million. Credit Suisse and BlackRock said they expected the deal to close by the end of June. Full Article
Blackrock Inc To Buy Credit Credit Suisse Group AG's European ETFs-Reuters
Reuters reported that according to a source familiar with the situation. Blackrock Inc announced that it has won the bidding for Credit Suisse Group AG's European exchange-traded fund business. The deal is expected to be announced shortly, said the source, who declined to be identified because the deal is not yet public. Full Article
Big Yellow Group PLC Announces Holding Interest Of BlackRock Inc
Big Yellow Group PLC announced that pursuant to DTR 5.1.2R of the FSA's Disclosure & Transparency Rules that, following the acquisition of shares on the December 12, 2012, BlackRock Inc had a total interest in the Company of 6,620,239 shares representing 5.05% of total voting rights. Full Article
Blackrock Inc Acquires Stake in Ziggo NV-DJ
Dow Jones reported that Blackrock Inc has acquired a 5.06% stake in Ziggo NV. The acquisition of the stake dated as of December 5, 2012, is the first interest notification in Ziggo NV. Full Article
Blackrock Inc Declares Quarterly Dividend Of $1.50 On Common Stock
Blackrock Inc announced that its Board of Directors has declared a quarterly cash dividend of $1.50 per share of common stock, payable December 24, 2012 to shareholders of record at the close of business on December 3, 2012. Full Article
Former BlackRock fund manager arrested in insider trading probe
LONDON, May 14 - Asset manager BlackRock said on Tuesday that one of its former employees was arrested in April by City of London police on suspicion of insider dealing.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
