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<title><![CDATA[RSS for Legg Mason]]></title>
<description><![CDATA[Watch breaking news videos and read news updates about Legg Mason on FOXBusiness.com.]]></description>
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<title><![CDATA[Legg Mason 4th-Quarter Profit Down 62%; Stock, Bond Funds Lose $3 Billion]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/30/legg-mason-4th-quarter-profit-down-62-stock-bond-funds-lose-3-billion/?]]></link>
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<pubDate><![CDATA[Tue, 30 Apr 2013 10:10:28 EDT]]></pubDate>
<description><![CDATA[Legg Mason Inc. (LM) posted a 62% decline in fiscal fourth-quarter profit, hurt by costs to cut office space and capping a money-losing year for the Baltimore money manager.]]></description>
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<title><![CDATA[Legg Mason Net Income Falls in 4Q]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/04/30/legg-mason-net-income-falls-in-4q/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/04/30/legg-mason-net-income-falls-in-4q/</guid>
<pubDate><![CDATA[Tue, 30 Apr 2013 07:45:41 EDT]]></pubDate>
<description><![CDATA[The asset manager reported its net income was $29.2 million, compared with $76.1 for the same period a year ago. ]]></description>
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<title><![CDATA[Exclusive: Wells Fargo cuts approved list of money managers]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/15/exclusive-wells-fargo-cuts-approved-list-money-managers/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/15/exclusive-wells-fargo-cuts-approved-list-money-managers/</guid>
<pubDate><![CDATA[Mon, 15 Apr 2013 01:46:47 EDT]]></pubDate>
<description><![CDATA[Wells Fargo & Co is slashing an approved list of money managers and investment vehicles that its stockbrokers market to the firm's wealthy clients, a change of direction that has rattled the third-largest U.S. brokerage network.]]></description>
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<title><![CDATA[Legg Mason may cut funds, offices: CFO]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/03/05/legg-mason-may-cut-funds-offices-cfo226251/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/03/05/legg-mason-may-cut-funds-offices-cfo226251/</guid>
<pubDate><![CDATA[Tue, 05 Mar 2013 13:04:32 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc may trim the number of funds it offers and offices it operates, but does not expect major cost-cutting like that begun in 2010, the asset manager's chief financial officer said on Tuesday.]]></description>
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<title><![CDATA[Legg Mason CFO says firm may cut funds, offices]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/03/05/legg-mason-cfo-says-firm-may-cut-funds-offices/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/03/05/legg-mason-cfo-says-firm-may-cut-funds-offices/</guid>
<pubDate><![CDATA[Tue, 05 Mar 2013 12:25:54 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc's chief financial officer said the Baltimore fund firm may trim the number of funds it offers, and the 32 offices it operates, but does not expect major cost-cuts like those it already made in recent years.]]></description>
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<title><![CDATA[Why Families Aren't Saving Enough for College]]></title>
<link><![CDATA[http://www.foxbusiness.com/personal-finance/2013/03/05/why-families-arent-saving-enough-for-college/?]]></link>
<guid>http://www.foxbusiness.com/personal-finance/2013/03/05/why-families-arent-saving-enough-for-college/</guid>
<pubDate><![CDATA[Tue, 05 Mar 2013 09:00:03 EST]]></pubDate>
<description><![CDATA[The seemingly-endless rise in college tuition along with the unstable economic recovery and stagnate wages has made the battle to save for college tough on families. But many families are overlooking key college-savings practices.  ]]></description>
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<title><![CDATA[Interim CEO Takes the Helm at Legg Mason]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/02/13/interim-ceo-takes-helm-at-legg-mason/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/02/13/interim-ceo-takes-helm-at-legg-mason/</guid>
<pubDate><![CDATA[Wed, 13 Feb 2013 10:33:04 EST]]></pubDate>
<description><![CDATA[Asset management firm Legg Mason announced on Wednesday that interim chief executive Joseph Sullivan will serve as CEO, ending a search that began last year.]]></description>
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<title><![CDATA[Exclusive: Legg Mason to name Sullivan permanent CEO - sources]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/12/exclusive-legg-mason-to-name-sullivan-permanent-ceo-sources/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/12/exclusive-legg-mason-to-name-sullivan-permanent-ceo-sources/</guid>
<pubDate><![CDATA[Tue, 12 Feb 2013 19:40:24 EST]]></pubDate>
<description><![CDATA[Asset manager Legg Mason Inc is preparing to name its interim head, Joseph Sullivan, as permanent chief executive, said two people familiar with the matter.]]></description>
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<title><![CDATA[Legg Mason says committed to its affiliate model]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/01/legg-mason-says-committed-to-its-affiliate-model/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/01/legg-mason-says-committed-to-its-affiliate-model/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 10:07:11 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc remains committed to its affiliate model, Joseph Sullivan, interim chief executive officer, said on the firm's third-quarter earnings call Friday morning.]]></description>
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<title><![CDATA[Legg Mason CFO says will report lease write-offs]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/01/legg-mason-cfo-says-will-report-lease-write-offs/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/01/legg-mason-cfo-says-will-report-lease-write-offs/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 09:52:30 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc Chief Financial Officer Peter Nachtwey said the company will report lease write-off charges in the current quarter of $45 million to $55 million.]]></description>
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<title><![CDATA[Legg Mason says Permal deal could spread to other units]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/01/legg-mason-says-permal-deal-could-spread-to-other-units/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/01/legg-mason-says-permal-deal-could-spread-to-other-units/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 09:38:26 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc sees the new revenue share agreement that it established with its affiliate Permal as a "good framework to create a strong alignment for other affiliates," said Joseph Sullivan, interim chief executive officer, on the firm's third-quarter earnings call Friday morning.]]></description>
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<title><![CDATA[Legg Mason reports quarterly loss on asset writedowns]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/01/legg-mason-reports-quarterly-loss-on-asset-writedowns/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/01/legg-mason-reports-quarterly-loss-on-asset-writedowns/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 09:27:27 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and the asset manager said it should name a permanent CEO soon.]]></description>
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<title><![CDATA[Legg Mason swings to loss on asset writedowns]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/01/legg-mason-swings-to-loss-on-asset-writedowns/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/01/legg-mason-swings-to-loss-on-asset-writedowns/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 09:16:12 EST]]></pubDate>
<description><![CDATA[Asset manager Legg Mason Inc said on Friday it swung to a quarterly loss due to charges for impaired assets, and reported continued outflows from its equity and bond funds.]]></description>
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<title><![CDATA[Legg Mason interim CEO expects permanent CEO soon]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/02/01/legg-mason-interim-ceo-expects-permanent-ceo-soon/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/02/01/legg-mason-interim-ceo-expects-permanent-ceo-soon/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 09:16:12 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc interim Chief Executive Joseph Sullivan said investors should expect the company to name a new chief executive "in the not too distant future.]]></description>
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<title><![CDATA[Legg Mason Swings to a Loss in 3Q]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/02/01/weighed-down-by-writedowns-legg-mason-swings-to-loss/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/02/01/weighed-down-by-writedowns-legg-mason-swings-to-loss/</guid>
<pubDate><![CDATA[Fri, 01 Feb 2013 07:41:58 EST]]></pubDate>
<description><![CDATA[The asset manager reported a third-quarter net loss of $453.9 million, or $3.45 a share, compared with net income of $28.1 million, or 20 cents a share, a year ago.]]></description>
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<title><![CDATA[Morgan Stanley's Better Results Lift Financials]]></title>
<link><![CDATA[http://www.foxbusiness.com/markets/2013/01/18/morgan-stanley-better-results-lift-financials/?]]></link>
<guid>http://www.foxbusiness.com/markets/2013/01/18/morgan-stanley-better-results-lift-financials/</guid>
<pubDate><![CDATA[Fri, 18 Jan 2013 09:37:00 EST]]></pubDate>
<description><![CDATA[U.S. financial stocks remained front and center in Friday's headlines, highlighted by an almost 7% gain in Morgan Stanley as well as a 7% decline for Capital One Financial Inc. after both reported fourth-quarter financial results.]]></description>
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<title><![CDATA[Exclusive: PE firms targeted Legg Mason but were spurned - sources]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/01/10/exclusive-pe-firms-targeted-legg-mason-but-were-spurned-sources/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/01/10/exclusive-pe-firms-targeted-legg-mason-but-were-spurned-sources/</guid>
<pubDate><![CDATA[Thu, 10 Jan 2013 13:05:24 EST]]></pubDate>
<description><![CDATA[Legg Mason Inc has been approached in recent months by some of its senior managers and private equity firms with plans to take the struggling asset manager private, but the board has decided against exploring that option at least until the company has a new chief executive, three sources said.]]></description>
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<title><![CDATA[Two insiders in the hunt for Legg Mason CEO title]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/01/07/two-insiders-in-hunt-for-legg-mason-ceo-title/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/01/07/two-insiders-in-hunt-for-legg-mason-ceo-title/</guid>
<pubDate><![CDATA[Mon, 07 Jan 2013 17:41:02 EST]]></pubDate>
<description><![CDATA[Two internal candidates have emerged in Legg Mason Inc's search for its next chief executive, said people familiar with the matter.]]></description>
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<title><![CDATA[Strategist Mauboussin leaves Legg Mason]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/01/04/strategist-mauboussin-leaves-legg-mason/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/01/04/strategist-mauboussin-leaves-legg-mason/</guid>
<pubDate><![CDATA[Fri, 04 Jan 2013 18:09:08 EST]]></pubDate>
<description><![CDATA[High-profile investment strategist Michael Mauboussin has left his job at Legg Mason Inc, a company spokeswoman said on Friday, the latest turnover at the fund firm.]]></description>
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<title><![CDATA[GE hikes dividend by 12 percent, boosts stock buyback plan]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2012/12/14/ge-hikes-dividend-by-12-percent-boosts-stock-buyback-plan/?]]></link>
<guid>http://www.foxbusiness.com/news/2012/12/14/ge-hikes-dividend-by-12-percent-boosts-stock-buyback-plan/</guid>
<pubDate><![CDATA[Fri, 14 Dec 2012 13:26:59 EST]]></pubDate>
<description><![CDATA[General Electric Co on Friday raised its dividend by 12 percent, with the higher payout starting in January, and it also authorized the buyback of another $10 billion in shares.]]></description>
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