Franklin Resources Inc. News
Janus Henderson and Invesco Rise as Trian Buys Stakes
Trian Fund Management says it intends to encourage the asset managers to consider strategic options like a merger.
Franklin Resources to Buy Legg Mason for $4.5 Billion
Franklin Resources will buy rival asset manager Legg Mason for $50 cash per share.
Apple, Coronavirus, Walmart, Legg Mason and Pier 1 - 5 Things You Must Know Tuesday
Stock futures point lower after Apple issues a revenue warning because of the coronavirus outbreak in China; Walmart reports earnings; Franklin Resources reportedly is close to buying rival Legg Mason.
Mutual Funds, Eviscerated by ETFs, Face New Humiliation, Moody's Says
Moody's Investors Service predicts active stock- and bond-picking firms' share of the money-management industry will be overtaken as soon as 2021 by 'passive' vehicles like index-tracking mutual funds and exchange-traded funds.
T. Rowe Price, Franklin Resources Fall Following Earnings Dissapointments
Both companies were falling sharply Wednesday following their earning releases.
Breaking News
Micron Stock Tumbles On Grim Chip Sector Outlook After Q3 Earnings Beat
"We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets," said CEO Sanjay Mehrotra.
Tesla Q2 Deliveries In Focus Following Record Quarterly Stock Slump, China Shutdowns
Tesla will publish Q2 deliveries over the coming days following the biggest three-month decline on record for shares of the world's most-valuable carmaker.
Kohl's Stock Plunges As Retailer Scraps Franchise Group Sale Talks
"Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," said chairman Peter Boneparth.
General Motors Stock Halted, Resumes Slide After Detailing Q2 Chip Shortage Hit To Inventory
GM said chip shortages and supply chain snarls left nearly 100,000 vehicles unfinished over the second quarter.