Company to operate under BlackRock name
But Canada, among other nations, will take a hit
Fed decision soothed fears of inflation
Excess cash could be directed to bond market
Managers less confident that the recovery can be sustained
Study shows that the place to look for big accounts increasingly is overseas
Shift in funds to equities and alternative investments
Expectations for growth down sharply
Two ratings agenies have affirmed ratings for Merrill Lynch & Co. Inc. in the wake of its deal with BlackRock Inc. BlackRock will acquire Merrill’s investment management business in exchange for newly issued BlackRock common and preferred stock. The deal will give Merrill Lynch 49.8% ownership in the new and expanded BlackRock, which will have […]
Deal makes new BlackRock one of the world’s top money managers