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BlackRock

BlackRock, big funds seen winning U.S. bailout job

BOSTON (Reuters) - Large U.S. asset managers with strong fixed-income records, such as BlackRock Inc (BLK.N), PIMCO and Trust Company of the West, are seen as favored to oversee the U.S. government's $700 billion financial...

Firms Get 2 Days to Apply for Work on Rescue Plan

By DEBORAH SOLOMON and AARON LUCCHETTI WASHINGTON -- The Treasury Department, seeking to jump-start its $700 billion rescue, is giving financial institutions two days to submit proposals to work as asset managers for the...

Meet the man in charge of the bailout

PAUL WALDIE From Tuesday's Globe and Mail Few people outside Washington have probably ever heard of Neel Kashkari. But Mr. Kashkari has just been handed one of the biggest jobs on the planet – managing the U.S. government's...

Orange Confirms Submitting Bid for Armenian Mobile License

­France Telecom's mobile division, Orange says that it has submitted a bid for the 3rd mobile phone license in Armenia - valued at EUR51 million (US$70 million). Armenia’s Public Services Regulatory Commission (PSRC) announced...

THIRD OPERATOR TO BE KNOWN IN THREE DAYS

The name of the third operator will be known in three days, Minister of Transport and Communication Andranik Manukian announced on October 6. The tender packages for a third cell phone operator were opened in the RoA Ministry...

Church takes battle on drink and drugs into every parish

John Cooney The Catholic Church is taking the battle against drink and drugs to every parish in the country. The bishops plan to establish drug and alcohol prevention groups for young people. This follows the first national...

BRIEF-AIG CEO on asset sales process

Oct 3 (Reuters) - American International Group Inc: * CEO liddy says will not be surprised to see non traditional buyers like sovereign wealth funds providing some funds * CEO liddy says will not be surprised to see...

Officials Refuse to Provide Details on Secret Previous Bailout[Bear Sterns Deal]

Fed Made $30 Billion Deal to Manage Assets of the Collapsed Bear Sterns Top government officials are refusing to provide details on a secretive deal it made to manage billions in assets from an earlier bailout. Sen. Charles...

'Predatory equity' smothering affordable housing

crain's new york business.com Private equity investors are killing affordable housing. That’s the message from a report released Thursday by The Community Service Society of New York. Titled “Closing the Door 2008: Subsidized...

Money Funds Seek Insurance

An Exodus Begins to Guarantee Prices in Treasury Program More asset managers said they planned to insure their money-market funds, particularly in the wake of market declines like those on Monday. First American Funds, Invesco...

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