BlackRock third-quarter profit rises 8 percent


BlackRock, the world's largest money manager, said its third-quarter profit had risen 8 percent as investors poured into its iShares line of exchange-traded funds.

Net income at New York-based BlackRock totaled $642 million, or $3.65 per share, compared with $595 million, or $3.23 per share, a year earlier.

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