BlackRock Stays in the Black for Q3 (YahooFinance)
If the markets are teetering on the edge of a precipice from ongoing U.S. government debt-ceiling and quantitative-easing (QE) indecision, you wouldnâ??t know it by looking at BlackRock Inc.â??s performance. The worldâ??s largest money manager reported that Q3 profit rose 15 percent year-over-year. Market growth and strong global demand were both cited as engines for profit. The New York-based asset managing giant reported net income of $730 million (for $4.21 per share), up from $642 million (on $3.65 per share) the year before.