Legg Mason, Inc.

One can imagine tense, closed-door negotiations between a small cadre of Legg Mason Inc. and Citigroup Inc. executives, hunched over calculators and paperwork, trying to decide how the companies would swap parts of their businesses. But that's just it...

At least part of Legg Mason Inc.'s deal with Citigroup Inc. to swap parts of their businesses, which both firms hope to seal by the end of the year, could be held up by a regulatory ruling and a few unhappy mutual fund shareholders. New York-based...

NEW YORK - Morgan Stanley Chief Executive Officer John J. Mack may consider selling the company's asset-management business as he takes over the world's largest securities firm that he helped create eight years ago. Mack told analysts during a conference...

Legg Mason Inc., reported to be in talks with Citigroup Inc. to shed its brokerage business and expand its investment management portfolio, might not be in a hurry to do a deal, according to industry watchers. News leaked last week that the two companies...

The target date for Legg Mason Inc. and Citigroup Inc. to close their $3.7 billion business swap has slipped to December as the companies grapple with one of their biggest hurdles - persuading mutual fund shareholders to approve the idea. Officials...

Legg Mason Inc.'s capital markets division, which the Baltimore firm agreed to sell along with its brokers to the financial powerhouse Citigroup Inc., has been stung by a string of defections to competitors as employees speculate that their division...

Legg Mason Inc., which is poised to become the fifth-largest money manager in the world, saw its stock tumble from historic highs after its earnings report yesterday fell short of Wall Street expectations. Stock in the Baltimore-based investment firm...

Legg Mason Inc. and Citigroup Inc. appear to be in the final stages of negotiations over swapping divisions that would be carved from both financial companies, Wall Street analysts and industry experts said. The companies have reportedly been in talks...

Even if mutual fund investors want to follow a buy-and-hold strategy, sometimes their hands are forced. A fund they hold is suddenly being liquidated or merged into another. Investors must find another place to put their money or, in the case of a...

"Few" jobs will be lost as a result of the agreement announced yesterday between Citigroup Inc. and Legg Mason Inc., Legg Mason CEO Raymond "Chip" Mason said yesterday. In fact, Citigroup may open an operations center in Baltimore, Mason said in an...

Thousands of people with a penchant for the markets and a creative idea to beat them run hedge funds, or investment pools for the uber-rich. By Isaac Souede's estimation, though, only about one in 50 is any good. This at once explains why Legg Mason Inc....

NEW YORK - Capitalism emerged from the rubble of lower Manhattan yesterday. But the markets, open for the first time since last week's terrorist attacks, plunged immediately, sending the Dow Jones industrial average down more than 680 points, or 7.13...