BLACKROCK

Uber looks to pick up another $1 billion in equity

U.S. taxi service firm Uber said it is in early talks with investors to raise money at a higher valuation than $17 billion it secured with June's round of funding, Financial Times reported on Friday citing people familiar with the matter.

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BlackRock's third-quarter profit rises 26 percent

BlackRock Inc (BLK.N), the world's largest money manager, said on Wednesday that its third-quarter profit rose 26 percent. The New York-based asset manager reported net income of $917 million, or $5.37 per share, up from $730 million, or $4.21 per share, a year earlier.

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Lending Club gets new investment, acquires Springstone Financial

Lending Club gets new funds valued USD65 million and acquires Springstone Financial for USD140 million, from investors including Wellington Management Company, BlackRock, T. Rowe Price Associates Inc. and Sands Capital

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BlackRock adds list to investors in warning of environmental dangers to Great Barrier Reef ecosystem

BlackRock, the world's biggest fund manager, has joined the growing list of investors that have warned against the risks faced by the Great Barrier Reef, Bloomberg News reported.

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Dropbox bags additional $350M in Series C round- source

Dropbox has obtained an added $350 million in a Series C funding round from its existing investors and major mutual funds, TechCrunch reported citing a filing with the US Sec and a source who confirmed the fundraising.

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Blackrock raises stake in UK Internet media firm Blinkx to 13pct

New York, US-based investment management firm Blackrock raised its stake in UK-based Internet media firm Blinkx to 13% amid allegations that the latter was using adware to boost its revenues.

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Big-name mutual funds in Wall Street suffer a decline in emerging markets

Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.

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Dropbox now valued at $10B after another $250M in new funding

California, US-based cloud storage services provider Dropbox raised another $250 million in new funding two years after a previous $250-million round, further lifting the company's valuation close to $10 billion.

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BlackRock Inc agrees with New York Attorney General to end worldwide analyst survey program

BlackRock will be ending its worldwide analyst survey program as part of its agreement with the office of the New York Attorney General, Reuters reported.

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BlackRock insists it complied with Italian disclosure rules on Telecom Italia stake

A report by Bloomberg read that New York-based investment firm BlackRock said it complied with disclosure rules in its Telecom Italia stake after a watchdog said in a newspaper interview that the firm may have not followed rules when it did not report an increase in its stake in the telecommunications firm..

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Kleinwort Benson renews deal to buy out Deutsche Bank’s BHF-Bank

RHJI renewed a deal with co-investors to successfully acquire Deutsche Bank’s BHF-Bank.

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Previ to utilize fund managers to diversify asset base

According to Previ CIO, the goal of the investments is not diversification and not returns.

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Jim Rohr exits PNC to join GE

Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.

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CLO refinancing at USD50 Billion seen rewarding risky issues

According to the Royal Bank of Scotland, approximately USD50 billion collateralized loan obligations could be refinanced in the next two years.

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BlackRock collects GBP250 million for its new vehicle

BlackRock announced that they have raised up to GBP250 million from institutional investors and pension funds for its UK Long Lease Property Fund.

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