Trian Fund Management says it intends to encourage the asset managers to consider strategic options like a merger.

Franklin Resources will buy rival asset manager Legg Mason for $50 cash per share.

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.

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.

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.

Workers demand for their needs to be met.

The residential real estate market has stumbled, after soaring in the first 18 months of the covid pandemic.

Facebook and Instagram's parent company has a plan to take over a new segment.