Legg Mason, 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.
Legg Mason to Cut 120 Jobs as Reality Bites With Activist Peltz on Board
An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.
Cisco, Tilray, Aurora Cannabis, Alibaba, Trade Talks - 5 Things You Must Know
U.S. stock futures decline though sentiment gets a lift from a softening of the rhetoric from Donald Trump in the U.S.-China trade war; Cisco, Alibaba and Macy's report earnings; Tilray shares rise after the Canadian cannabis company posts a revenue beat.
US Stock Futures Gain as China Tax Pledge Sparks Rally, Steadies Global Markets
Global stocks kicked off the week in a bullish mood Monday, with markets in China ripping to biggest single-day gain in three years following government pledges on tax and liquidity, as investors eye a key set of U.S. corporate earnings, and myriad geo-political risks, in order to gauge market direction between now and the end of the year.
US Q3 Earnings Impress, But Tax Cut Fade, Trade Concerns Point to Weaker 2019
S&P 500 companies are expected report quarterly earnings of more than $340 billion over the next few weeks, as a combination of government stimulus and surging economic growth drives bottom line growth, but rising interest rates, U.S.-China trade tensions and the fading affect of Republican-led tax cuts likely points to a steady slowdown in the months ahead.
Legg Mason Withdrawals Quicken in Latest Sign of Mutual-Fund Woes
The mutual-fund industry can't seem to keep investors from shifting their money into low-cost exchange-traded funds and index-matching funds.
North Korea Is Making These 3 Hot Defense Stocks Look That Much Hotter
The defense sector is on fire. Here's how to play the best of the best.
As Legg Mason Stock Falls One Analyst Sees 22% Upside
Second quarter earnings were better than expected but not good enough to keep the stock moving higher.
Cisco Systems Stock Leaps On Q4 Earnings Beat, 2023 Sales Outlook As Supply Chain Pressures Ease
"Overall supply constraints began to ease slightly at the back half of the fourth quarter and continuing into the start of the first quarter," said CEO Chuck Robbins.
Apple Preparing For iPhone 14 Launch On September 7 - Report
Bloomberg reported late Wednesday that Apple is eyeing a September 7 launch date for its new iPhone 14 series.
Bed, Bath & Beyond Stock Dives As Ryan Cohen Moves to Sell Entire Stake
Ryan Cohen, who pushed for changes at Bed, Bath & Beyond including the ouster of CEO Mark Tritton, is looking to dump his entire 11.8% stake in the struggling home retailer.
Elon Musk Takes a Controversial Stand on Gender Equality
The richest man in the world sees himself as a global CEO, speaking his mind on just about anything.