November 19, 2011 |
When the U.S. government needed expert help in evaluating the bonds that caused the 2008 financial crisis, there were only two men it could turn to. Larry Fink, the founder of investment giant BlackRock Inc., and Bill Gross, the founder of Pacific Investment Management Co., are the generally acknowledged kings of the bond universe. Together, the companies they run hold approximately 7.5% of all outstanding bonds. The $1.2 trillion managed by BlackRock and the $1.1 trillion at Pimco dwarf the holdings of the next largest bond players, according to data from Pensions & Investments.
November 6, 1997
"Jan Kesner Gallery Tenth Anniversary Exhibition"--Larry Fink's 1977 photo, above, is part of an exhibition that also includes Ansel Adams, Gary Winogrand and others. Ends Dec. 31. * "Metamorphosis"--Nine mixed-media illustrations and sculpted furniture by Michele D. Houston go on display Friday at the California African-American Museum in Exposition Park. * "California Impressionists"--An exhibition of paintings by such California artists as Franz A.
June 12, 2009 |
Money management giant BlackRock Inc. agreed Thursday to buy Barclays Global Investors -- including the iShares exchange-traded funds -- creating the world's biggest asset manager. The deal would boost BlackRock's assets to more than $2.7 trillion from $1.3 trillion, vaulting it well above its nearest rival, State Street Corp., which manages about $1.4 trillion. The takeover is a potential coup for 56-year-old BlackRock Chairman Larry Fink, a UCLA grad who founded the company in 1988.
October 16, 2013 |
NEW YORK -- Stocks rallied and bond yields eased as Washington edged closer to defusing its latest fiscal crisis and averting a default on U.S. debt. Major U.S. stock indexes gained 1% as Congress appeared poised to pass a Senate-led compromise that would raise the United States' borrowing authority and reopen the federal government. The Dow Jones industrial average surged 205.82 points, or 1.4%, to close at 15,373.83. The broader Standard & Poor's 500 index gained 23.48 points, or 1.4%, to 1,721.54.
February 8, 2012 |
As the stock market continues its steady march upwards, it is attracting more bullish believers from even the most bearish precincts of Wall Street. The most notable bear to join the bulls is Nouriel Roubini, whose nickname, Dr. Doom, tells you all you need to know about his past prognostications. Roubini's firm, Roubini Global Economics, is now making big bets on the stock market because of the firm's faith in recent moves by the Federal Reserve and the European Central Bank. “We're a believer; we're celebrating.
November 26, 2012 |
Click here to download TV listings for the week Nov. 25 - Dec. 1 in PDF format This week's TV Movies CBS This Morning Baseball player R.A. Dickey; Larry Fink, BlackRock. (N) 7 a.m. KCBS Today Warren Buffett; Scarlett Johansson; Phillip Phillips performs. (N) 7 a.m. KNBC Good Morning America Dolly Parton performs; Donald Driver; performance by the Muppets. (N) 7 a.m. KABC Live With Kelly and Michael Helen Hunt; Bryan Adams performs.