Legg Mason

Source: articles.moneycentral.msn.com --- 9 days ago
Earnings seasons kicks off next week. Get up to speed with this behind-the-scenes look at the process behind the public numbers. ...

Source: articles.moneycentral.msn.com --- 11 hours ago
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Source: news.yahoo.com --- 5 days ago
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Source: news.yahoo.com --- 33 days ago
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Source: www.moreover.com --- 34 days ago
Sullivan joined Stifel in December 2005 in connection with the companys $91 million acquisition of the investment banking, research, institutional equity and fixed income capital markets businesses of Baltimore, Md.-based Legg Mason Inc. ...

Source: www.moreover.com --- 34 days ago
OUIS-Joseph Sullivan, director and head of fixed income capital markets for locally based Stifel Nicolaus & Co. Inc., has decided to leave the firm and return to Baltimore-based Legg Mason Inc. ...

Source: www.moreover.com --- 34 days ago
OUIS-Joseph Sullivan, director and head of fixed income capital markets for locally based Stifel Nicolaus & Co. Inc., has decided to leave the firm and return to Baltimore-based Legg Mason Inc. ...

Source: www.businessweek.com --- 33 days ago
It could have been worse. Legg Mason fund manager Bill Miller, who is known for quirky and contrarian picks, bet heavily on Freddie Mac earlier this year , and with the government's takeover of the mortgage giant, the stock is nearly worthless . Even so, Miller's Legg Mason Value Trust Fund rose on Monday. Although Freddie plummeted, Miller's fund was up 1.6% as the broader market soared on news of the bailout. Monday's teensy tiny gains will provide little comfort for shareholders in Miller's fund, which is down almost 30% for the year. But there is a lesson to be learned: Diversification works. Legg Mason Value Trust has 31 holdings , including AES , Amazon.com , Aetna , Google , and Ebay . Most of those top picks rose on Monday, so one rotten apple didn't tip the apple cart over. However, all of these stocks are posting double-digit losses in 2008. Only a handful of Legg Mason Value Trust's holdings are up this year, including IBM , Amgen , and Capital One . Unfortunately, for investors, Miller doesn't have many ripe apples left in reserve. ...

Source: www.marketwatch.com --- 35 days ago
Shares of Legg Mason fall about 10%, retreating as Credit Suisse analysts downgrade the asset manager to underperform, based on valuation and its outlook for redemptions. ...

Source: baltimore.bizjournals.com --- 23 days ago
Money manager Legg Mason Inc. said Friday it will provide another $630 million to backstop holdings of three money-market funds. (LM) (WM) (AIG) ...

Source: washington.bizjournals.com --- 20 days ago
Money manager Legg Mason Inc. denied reports Monday that the company is considering ways to take itself private. (LM) ...

Source: stlouis.bizjournals.com --- 34 days ago
Stifel Financial Corp. said Monday that Joseph Sullivan, head of fixed-income capital markets for its subsidiary Stifel, Nicolaus & Co. Inc., will resign to become chief administrative officer of Legg Mason Inc. (LM) (SF) ...

Source: baltimore.bizjournals.com --- 34 days ago
Legg Mason Inc.’s newest high-profile hire is a familiar face: Joseph A. Sullivan. (LM) (SF) ...

Source: baltimore.bizjournals.com --- 20 days ago
Nearly 100 additional stocks, including Legg Mason Inc., were added Monday to the Securities and Exchange Commission’s list of publicly traded companies temporarily protected from short sales. (LM) (COF) (GE) (GM) ...

Source: www.baltimoresun.com --- 3 days ago
Shares of Baltimore's Legg Mason Inc. suffered the largest one-day percentage drop in its history as a public company yesterday and plunged to their lowest price in almost 10 years. ...

Source: www.baltimoresun.com --- 4 days ago
Moody's Investors Service cut Legg Mason Inc.'s senior debt rating yesterday in recognition of the Baltimore money manager's struggling profitability because of its weak performance and costs related to shoring up some money market funds invested in soured mortgage-related securities. The rating agency lowered Legg's rating one notch to A3 from A2, affecting $2.2 billion in senior notes. Moody's noted that clients continue to take money out of Legg's mutual funds, hurting its assets under management. It also said Legg's after-tax losses related to its money market support in the past year now exceed $650 million. Moody's warned that these "losses have the potential for increasing and ultimately being realized." The rating agency placed the company's rating under negative outlook, which means another downgrade is possible. Legg Chief Financial Officer Charles J. Daley Jr. said in a statement that the company is well-positioned to manage the continuing financial turmoil as reflected in its investment-grade rating. Legg raised more than $2 billion in the past year to shore up its balance sheet. "As Moody's noted, we have ample cash to support the current cash collateral needs related to our support of our money funds," Daley said. Legg shares lost $5.09, or 14.9 percent, to close at $29.01 yesterday. Moody's announcement came after the market's close. ...

Source: www.prnewswire.com --- 35 days ago
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Source: www.baltimoresun.com --- 33 days ago
L egg Mason's Bill Miller isn't getting any love for his stock-picking. But perhaps we should admire him for his titanium stomach, in the way people appreciate snake charmers or Evel Knievel. ...

Source: www.baltimoresun.com --- 29 days ago
Bill Miller, chairman of Legg Mason Capital Management, who bought more Freddie Mac shares this summer to become the company's largest shareholder, yesterday criticized the U.S. government's takeover of Freddie and Fannie Mae. ...

Source: www.baltimoresun.com --- 34 days ago
Legg Mason money manager Bill Miller built his reputation on making contrarian picks, betting on downtrodden stocks to make a comeback. His Value Trust mutual fund beat the Standard & Poor's 500 Index for 15 straight years before the streak ended in 2006. ...