...the current fiscal year. These reductions do not include additional expense reductions already taken and continuing within Legg Mason investment affiliates. The corporate savings will come from across-the-board reductions that provide greater operating...
...Mason Inc. will take $316 million in after-tax charges to shore up money-market funds in the quarter that ends Dec. 31. But the money-management giant also said late Monday that it has gotten more breathing room on its debt levels from lenders providing...
...target from $18 to $11, saying the company faces rising liquidity concerns. The firm said they are increasingly concerned about Legg Mason's $3.9 billion of exposure to SIVs. The firm said Legg may have to put up additional funds to protect the SIVs,...
...cut to Underweight from Equal Weight at Morgan Stanley to reflect declining coal demand. Friedman Billings downgraded shares of Legg Mason (NYSE: LM) to Underperform from Market Perform on liquidity concerns given the Legg Mason's leveraged balance...
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Executive Mark Fetting said this in:
41 mins ago from MarketWatch