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.
Tesla Q2 Deliveries Slump To 254,695 As Shanghai Shutdown, Supply Chain Snarls Take Toll
Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.
Coinbase Faces A New Scandal
The platform denies selling proprietary customer data and announces it is expanding into several European countries.