Carey Business School eyes new Legg Mason tower Oct 3, 2009
Photo by Nicholas Griner, Staff The Legg Mason tower in Harbor East has 220,000 square feet available. Johns Hopkins University s business school may leave its downtown building on Charles Street for the new Legg Mason Tower in Harbor East ... The Johns Hopkins Carey Business School is considering the 24-story waterfront office tower that now houses Legg Mason s headquarters in Harbor East, said Matthew J. Haas, a Manekin LLC broker hired by the school to find new space. (Baltimore Business Journal, MD)
Common Mistakes Even Smart Investors Make Sep 30, 2009
As chief investment strategist of Legg Mason Capital Management, Michael Mauboussin's job is to understand the world and then make money off of it. What he's found over the years is that investors, like any other group of people, are prone to make mistakes that stem from faulty approaches to decision-making. (Time.com)
For Once Those Analysts Are Onto Something Good: John Dorfman Sep 30, 2009
Sears Holdings Corp., Legg Mason Inc., Tesoro Corp., Rockwell Automation Inc. and Titanium Metals Corp. all have terrible analyst-recommendation scores. In each case, I see considerable merit to the stocks and would much rather be long than short. (Bloomberg -- Columnists)
The best way to Harbor East? Park and ride Sep 26, 2009
The partnership kicked off its A Smarter Way to Get There campaign with a demonstration at the Katyn Circle in the center of Harbor East, outside Legg Mason s new corporate headquarters ... To reverse that mentality, Legg Mason has been working with the Waterfront Partnership to educate its workers on how they can leave their cars at home, said Wayne A. Christmann, vice president of global facilities for Legg Mason ... Christmann said Legg Mason has been encouraging its employees to think about... (Baltimore Business Journal, MD)
One year later, CEO Mark Fetting says Legg Mason rebounding Sep 26, 2009
One year later, CEO Fetting says Legg Mason rebounding - Baltimore Business Journal ... One year later, CEO Fetting says Legg Mason rebounding ... In an exclusive interview with the Baltimore Business Journal, Legg Mason CEO Mark R. Fetting talked about surviving the market s meltdown, the decision to purge billions in toxic investments, and restoring the company to profitability after a year in which it lost $1. (Baltimore Business Journal, MD)
Axis Bank raises $720 mn via QIP-GDR Sep 19, 2009
Some of the new large investors which came in include HDFC Mutual Fund, Lloyd George, Fidelity and Legg Mason. Initially, the bank was looking to issue 20% of the present paid-up capital, or 7. (India Times)
Investing: Mutual funds Sep 14, 2009
Legg Mason Growth Trust C ... Legg Mason American Leading Cos ... Legg Mason Classic Valuation Fund C. (USA Today -- Money)
'My One and Only' Baltimore hotel deal Sep 12, 2009
The 10,000-square foot exhibition will be on display in the Legg Mason Gallery of the Maryland Science Center through Jan. 31, 2010. The most popular year-round exhibits at the Maryland Science Center include: Dinosaur Mysteries with full-size dinosaurs and interactive paleontology activities; a day in the life of the human body in Your Body: The Inside Story; and dozens of interactive experiments in Newton s Alley. (Atlanta Journal-Constitution -- Travel)
Sleep-At-Night-Money Lost in Lehman Lesson Missed With Bent's $63 Billion Sep 9, 2009
Fund executives spent most of the day trying to persuade clients not to withdraw their investments, said , a New York-based portfolio manager for Western Asset Management Inc., a money fund thats a division of Legg Mason Inc. ... Legg Mason, Janus Capital Group Inc., Northern Trust Corp., Evergreen and Bank of America Corp.s Columbia Management investment unit were all able to inject cash into their funds to shore up losses or buy assets from them. (Bloomberg)
Top Five Investment Themes for the Rest of 2009 Sep 9, 2009
Investors in Bill Miller's Legg Mason Trust thought for sure that he was a genius ... More importantly, Miller's Legg Mason Value Trust (LMVTX) outperformed the S&P 500 for 15 straight years from 1991 to 2005 ... With the Legg Mason Value Trust up over 75% in the last six months, Miller must be feeling a bit better about himself. (Human Events Online)
Andrew LawrenceINSIDE TENNIS Sep 7, 2009
In February, Roddick and Isner met in the semifinal of the Legg Mason Tennis Classic in Washington, D.C. Isner took the first set off Roddick, then watched him roar back for a 6-7 (3), 6-2, 7-5 win. "He had me on a string really," Isner remembered. (SportsIllustrated.CNN -- Tennis)
ClearBridge Advisors Announces Departure of Robert Gendelman Aug 29, 2009
Mr. Gendelman was recruited to ClearBridge in 2006 to become the senior portfolio manager for the Legg Mason Partners Capital and Income Fund, which is being merged into the Legg Mason Partners Equity Income Builder Fund. This followed a long and successful career with Neuberger Berman. (PR Newswire)
Philippine Bonds Rally as Gain in Remittances Defies JPMorgan's Forecast Aug 28, 2009
De Mello at Western Asset, part of Baltimore-based Legg Mason Inc., said the yield premium on longer-dated Philippine debt makes it attractive for investors to buy the notes with borrowed money. The between two- and 10-year rates tripled to more than 3 percentage points this year, from less than 1 percentage point at the end of 2008. (Bloomberg -- Asia)
Patel rallies to reach U.S. Amateur quarterfinals Aug 28, 2009
402 million Legg Mason Tennis Classic, a US Open Series event. The second-seeded del Potro didn't even have to lift his racquet on Friday, as fifth-seeded Swede Robin Soderling pulled out of their scheduled quarterfinal bout, citing a right elbow injury. (Fresno Bee -- Sports)
U.S. Open Primer Aug 26, 2009
Del Potro is 29-6 on hard courts this year, including a victory against Roddick in the Legg Mason final earlier this month. If Nikolay Davydenko finds himself on the opposite side of the draw as Federer -- against whom he's winless in a dozen matches -- don't sleep on the oft-overlooked Russian. (SportsIllustrated.CNN -- Tennis)
Report: Bill Miller trims AES holdings Aug 17, 2009
Legg Mason star fund manager Bill Miller reduced the fund's holdings in in the second quarter, filings on Friday showed. Filings from Legg Mason Capital Management, where Miller is chairman and chief investment officer, show Miller's division, a unit of , reduced its shares in Arlington-based power plant operator AES (NYSE: AES) to 68 million shares from 80 ... The filing covered all funds run by Legg Mason Capital, Reuters said, including Miller's Legg Mason Value Trust, which outperformed the... (Washington Business Journal, DC)
Unit Run by Legg Mason's Miller Sold Banks in Q2 Aug 15, 2009
BOSTON (Reuters) - The Legg Mason Inc unit run by star fund manager Bill Miller sold off a number of financial stocks in the second quarter, filings on Friday showed ... Filings from Legg Mason Capital Management, where Miller is chairman and chief investment officer, indeed show he grew its stake in Bank of America Corp to 11 ... But the filings also show Miller's division, a unit of Legg Mason Inc, sold shares in a number of other banks and financial companies in the three months ended June... (ABC News -- Business)
Legg sees interest in stock, debt swap Aug 13, 2009
Legg Mason sees interest in stock, debt swap - Baltimore Business Journal ... Legg Mason sees interest in stock, debt swap ... 8 million units the company offered to redeem for a combination of Legg Mason common stock and cash. (Baltimore Business Journal, MD)
Northern Exposure Aug 12, 2009
Juan Martin del Potro (left) lifts his arms in victory as Andy Roddick reacts to the news that he lost his challenge of match point in Sunday's final of the Legg Mason Tennis Classic in Washington, D.C. (AP). They Said It. (SportsIllustrated.CNN -- Tennis)
July bankruptcies up 85% from 2008 Aug 11, 2009
It is difficult to comprehend an economy that is healing as friends, family and neighbors are still losing jobs (and) homes to foreclosure, said Douglas Nardi of Legg Mason Investment Counsel in a recent report. Chapter 7 filings, which offer a fresh financial start after non-exempt assets are used to pay creditors, accounted for 83 percent of the Valley's total in July. (AZCentral -- Business)
Jon WertheimAD-IN, AD-OUT Aug 11, 2009
Juan Martin del Potro The Argentine defended his title at the Legg Mason event, taking out Andy Roddick in a third-set tiebreak in the final. Flavia Pennetta The Italian beat an error-prone Sam Stosur in the final to win the upset-addled L.A. Women's Tennis Championships. (SportsIllustrated.CNN -- Tennis)
Kane charged after assault on cabbie Aug 10, 2009
Miscellany Del Potro rallies, upsets Roddick in final Andy Roddick lost to Juan Martin del Potro in the Legg Mason Tennis Classic final in Washington, falling, 3-6, 7-5, 7-6 (8-6), to the defending champion. It was the first loss for Roddick in four Washington finals. (Boston Globe)
U.N.: Can halt violence against women Aug 10, 2009
WASHINGTON, Aug. 9 (UPI) -- Argentina's Juan Martin del Potro defended his title at the Legg Mason Tennis Classic in Washington Sunday by downing American Andy Roddick in three sets. Briefings & Analysis. (Yahoo News -- Women's Issues)
Sports news briefs: 8/10/099 Aug 10, 2009
" Bowden's '93 and '99 teams won national titles. The Seminoles narrowly missed another half-dozen times between 1987-2000. Tennis Top-seeded Andy Roddick lost to Juan Martin del Potro in the Legg Mason Tennis Classic final in Washington, falling, 3-6, 7-5, 7-6 (6), to the defending champion. It was the first loss for Roddick in four Washington finals. Roddick won the tournament in 2001, 2005 and 2007. Italian Flavia Pennetta took advantage of error-prone Samantha Stosur for a 6-4, 6-3 victory... (Pittsburgh Post-Gazette, PA -- Sports)
Del Potro wins Legg Mason Aug 10, 2009
Top-seeded Andy Roddick lost to Juan Martin del Potro in the Legg Mason Tennis Classic final in Washington on Sunday, falling 3-6, 7-5, 7-6 (6) to the defending champion. The winning shot came on a crosscourt forehand. (News & Observer -- Sports)
Tiger stalking Harrington entering today's final round Aug 9, 2009
Top-seeded Andy Roddick advanced to the final of the Legg Mason Tennis Classic for the fourth time, beating Greensboro's John Isner 6-7 (3), 6-2, 7-5 Saturday in Washington. Comments. (News & Observer -- Sports)
Roddick, del Potro advance to Washington final Aug 9, 2009
Andy Roddick, of the United States gestures during his match against John Isner, of the United States, at the semifinals of the Legg Mason Tennis Classic, in Washington, on Saturday, Aug. 8, 2009 ... Andy Roddick advanced to the final of the Legg Mason Tennis Classic for the fourth time, beating John Isner 6-7 (3), 6-2, 7-5 Saturday. (Longview Daily News, WA)
Jie upsets top-ranked Safina at L.A. championships Aug 8, 2009
WASHINGTON (AP) Andy Roddick won the 500th match of his professional career with a 7-6 (4), 6-4 win over Sam Querrey in the third round of the Legg Mason Tennis Classic. Roddick became the 36th player and the fourth active one to reach the milestone, joining Roger Federer, Carlos Moya and Lleyton Hewitt, who fell to No. 2 seed Juan Martin del Potro 4-6, 6-3, 7-6 (2). (Coos Bay-North Bend The World, OR)
On the airTV and radio Aug 8, 2009
7 p.m. ATP, Legg Mason Classic, semifinal, ESPN2. 10 p.m. WTA Tour, LA Championships, semifinal, ESPN2. (News & Observer -- Sports)
Roddick beats Karlovic 7-6, 7-6 in D.C. quarters Aug 8, 2009
WASHINGTON (AP) -- Andy Roddick defeated big-hitting Ivo Karlovic in two tiebreaker sets on Friday to reach the semifinals of the Legg Mason Classic. Top-seeded Roddick won 7-6 (4), 7-6 (5), with the typical scoreline for two big servers disguising the repeated service breaks. (SportsIllustrated.CNN -- Tennis)
Morning Leadoff Aug 8, 2009
LOADING Aug 08, 2009 - 04:05:36 CDT Trivia answer. From 1D: Cal Hubbard was the first person to be inducted into both the NFL and Major League Baseball Hall of Fame. (Bismarck Tribune, ND)
How mutual funds are distributed has a big influence on the cost of investing Aug 8, 2009
I tell him this seems excessive in light of current market conditions and the risk/returns of most of the Legg Mason funds ... Legg Mason funds, as a group, are not highly expensive for the distribution channel they use. (Boston Globe)
Legg Mason shakes up mutual funds Aug 7, 2009
8 million Legg Mason Partners Equity Income Builder fund will be merged into the $1. 7 billion Legg Mason Partners Capital and Income fund ... 7 billion Legg Mason Partners Dividend Strategy fund but is relinquishing his duties as co-portfolio manager for the $4. (Baltimore Business Journal, MD)
Fielder, Mota fined but not suspended Aug 7, 2009
MISCELLANY Roddick racks up 500th match win Andy Roddick won the 500th match of his pro career with a 7-6 (4), 6-4 win over Sam Querrey in the third round of the Legg Mason Classic in Washington. Maria Sharapova rallied for a 4-6, 6-0, 6-3 win over Alona Bondarenko in the third round of the LA Women s Championships in Carson, Calif. (Boston Globe)
Ferrero Beats Robredo; Fish Loses At Legg Mason Aug 6, 2009
WASHINGTON (AP) -- Juan Carlos Ferrero advanced to the third round of the Legg Mason Tennis Championship with a 6-3, 6-2 win against seventh-seeded Tommy Robredo Wednesday. No. 9 seed Mardy Fish was upset by Germany's Philipp Petzschner 1-6, 6-4, 6-1. (W-USA News, DC)
AFL suspends operations Aug 6, 2009
The top seed beat Benjamin Becker 6-3, 6-2 on Wednesday at the Legg Mason Tennis Classic at Washington, his first match since losing the Wimbledon final to Roger Federer on July 5. "I was certainly eager to get back out there," Roddick said. (News & Observer -- Sports)
Giants, Manning agree on $97m deal Aug 6, 2009
Andy Roddick beat Benjamin Becker, 6-3, 6-2, at the Legg Mason Tennis Championship in Washington, his first match since losing the Wimbledon final to Roger Federer July 5. Joan Benoit Samuelson will run the New York City Marathon in November to celebrate the 25th anniversary of her gold medal in the first women s Olympic marathon. (Boston Globe)
Roddick wins first match following 4-week break Aug 6, 2009
The top-seeded Roddick beat Benjamin Becker 6-3, 6-2 on Wednesday at the Legg Mason Tennis Classic, his first match since losing the Wimbledon final to Roger Federer on July 5. "I was certainly eager to get back out there," Roddick said. (SportsIllustrated.CNN -- Tennis)
Buick ends 50 years of PGA Tour sponsorship Aug 6, 2009
WASHINGTON Qualifier Somdev Devvarman of India recorded the biggest win of his career, upsetting No. 6 seed Marin Cilic of Croatia 7-5, 6-4 to advance to the third round of the Legg Mason Tennis Classic. Defending champion and No. 2 seeded Juan Martin del Potro of Argentina avoided another upset, as did 10th-seeded Tommy Haas of Germany. (Coos Bay-North Bend The World, OR)
* Del Potro comes back to defeat Lu Aug 6, 2009
LEGG MASON: : Taiwans 62nd-ranked Lu Yen-hsun made an upset bid but fell short as Argentine world No. 6 Juan Martin Del Potro rallied to wrap up the win REUTERS AND AFP, WASHINGTON Thursday, Aug 06, 2009, Page 20. Juan Martin del Potro of Argentina returns to Lu Yen-hsun at the Legg Mason Tennis Classic in Washington on Tuesday ... Holder Juan Martin Del Potro of Argentina came from behind to defeat Lu Yen-hsun 4-6, 6-3, 6-2 in the second round of the Legg Mason Classic on Tuesday. (Taipei Times, Taiwan -- World)
Sports Calendar Aug 6, 2009
ATP: Legg Mason Classic, quarterfinal ESPN2 ... ATP: Legg Mason Classic, quarterfinal ESPN2. (San Francisco Chronicle -- Sports)
Capital Gains Aug 5, 2009
That was Andre Agassi, who claimed, "Image is Everything'' -- a slogan critics said defined the me-first attitude of the '90s tennis star. In context, it's probably a fair characterization of the past two decades. But does anybody else find the omission from the entire discussion of Andy Roddick, one of the most consistent presences on the ATP Tour over the past eight years, a glaring one? The 26-year-old might not be a transcendent superstar on the level of a John McEnroe, Jimmy Connors or... (SportsIllustrated.CNN -- Tennis)
The Global Guru: Is the Yale Model Dead? Aug 5, 2009
Dollar weighted returns are also why so many investors in Bill Miller's Legg Mason Opportunity Fund are nursing huge losses, despite the fund doubling since early March. Lured by Miller's long-term track record, they came late to the investment party. (Human Events Online)
Roenick expected to end 20-year career Aug 5, 2009
Qualifier Somdev Devvarman of India upset No. 6 seed Marin Cilic of Croatia 7-5, 6-4 on Tuesday to advance to the third round of the Legg Mason Tennis Classic in Washington. Devvarman, the 2007 and 2008 NCAA men's singles champion at Virginia, broke serve twice in each set and was able extend rallies against Cilic. (News & Observer -- Sports)
Hewitt First-Round Winner At Legg Mason Aug 4, 2009
402 million Legg Mason Tennis Classic, a US Open Series event ... The 2009 Legg Mason champ will collect $300,000. (ABC 7 News, DC)
Hewitt advances at Legg Mason; Roddick ready Aug 4, 2009
Lleyton Hewitt advances at Legg Mason; Andy Roddick ready - Tennis - SI.com ... WASHINGTON (AP) -- Australia's Lleyton Hewitt advanced to the second round of the Legg Mason Tennis Classic with a 7-5, 6-2 victory over Donald Young on Monday ... He's hoping this year the Legg Mason puts him in position to replicate his Wimbledon performance at the U.S. Open, which will be played Aug. 31 to Sept. 13 in New York. (SportsIllustrated.CNN -- Tennis)
Roddick says he's ready for action Aug 4, 2009
Roddick is the top-seeded player in the Legg Mason Tennis Classic in Washington and has won the event three times ... Mikhail Youzhny of Russia serves to Robert Kendrick in the Legg Mason Tennis Classic ... He is hoping this year the Legg Mason puts him in position to replicate his Wimbledon performance at the U.S. Open, which will be played Aug. 31 to Sept. 13 in New York. (News & Observer -- Sports)
TO-DO LIST: Batting-stance guy, NFL's Hall of Fame Game Aug 4, 2009
The U.S. Open Series -- the six-week string of hard-court tournaments leading up to the season's final Grand Slam -- presses forward with this week's WTA East West Bank Classic from Los Angeles and the ATP Legg Mason Classic from Washington, D.C., where Andy Roddick is playing his first match since Wimbledon. You can catch the final of each tournament Sunday starting with the men (3 p.m., ESPN2) followed by the women (5 p.m., ESPN2). (SportsIllustrated.CNN)
Carl & Friends Aren't Yelling Yahoo! Aug 3, 2009
Meanwhile, Miller, who manages a Legg Mason fund that held 32 million Yahoo. shares as of March 31, the most recent reporting date for his holdings available, recorded a loss of 92. (New York Post -- Business)
Bill Miller: Bull Market is Here Aug 1, 2009
Legg Mason mutual fund manager Bill Miller is bullish on the stock market and believes that technology and financial issues will lead the way ... Millers Legg Mason Value Trust stumbled in 2007 and 2008 after beating the SIndex 15 years in a row. (Newsmax)
Cramer: Stock Market Will Dip 3 to 5 Percent Aug 1, 2009
Legg Mason, for example, says in a statement that the Standard s 500 Index may hit 1,350 this year or the first half of 2010, as the economy emerges from recession. 2009 Newsmax. (Newsmax)
Adani Power IPO: Invest now or wait for listing? Jul 29, 2009
Foreign institutional buyers include T Rowe Price, AIC, Ecofin, TPG and Legg Mason ... While TPG and Legg Mason were allotted shares through Credit Swice and CLSA, respectively ... AIC, Ecofin, TPG and Legg Mason invested Rs 24. (India Times)
Legg Mason board members defend pay packages Jul 29, 2009
While a handful of shareholders at Baltimore s Center Club criticized the bonuses and stock awards in the face of Legg Mason s (NYSE: LM) $13 ... Roger Schipke, a Legg Mason (NYSE: LM) director who chairs the compensation committee, defended the awards ... Legg Mason wasn t alone in using SIVs; about 60 percent of the industry also used them, Fetting said. (Baltimore Business Journal, MD)
Adani IPO brings anchor investors Jul 28, 2009
The anchor investors for APL IPO include T Rowe Price, TPG (through Credit Suisse), ECOFIN, Legg Mason (through CLSA), AIC and Sundaram Mutual Fund. While the total issue size is of 30. (India Times, India -- Intl Business)
Gabelli: Stock Bargains Abound Jul 25, 2009
Friday, July 24, 2009. SIGN UP FOR FREE NEWS ALERTS. (Newsmax)
Brick Cos. picks up downtown Towson office building for $8M Jul 23, 2009
The of Edgewater has acquired the former Legg Mason building in downtown Towson, vacated by the Baltimore money manager for new space at another building on Fairmount Avenue ... Tenants in the Legg Mason building at 600 Washington Ave. include BB&T, JK Printing Co., Eyemaginations and Benefit Design Group ... In September 2005, Legg Mason Inc. (NYSE: LM) launched plans to shift private client division, Legg Mason Wood Walker Inc., from 600 Washington Ave. into 501 Fairmount Ave. That building,... (Baltimore Business Journal, MD)
Brazil's Central Bank Cuts Rate to 8.75%, Slowing Pace on Economic Rebound Jul 23, 2009
The central bank will have to raise rates again next year, probably in the second half, , chief economist at Western Asset Legg Mason, said in an interview from Sao Paulo. This level of interest rate is too low. (Bloomberg -- Latin America)
Roddick plans Legg Mason return in early August Jul 23, 2009
Andy Roddickplans Legg Mason return in August - Tennis - SI.com ... Roddick plans Legg Mason return ... Andy Roddick's 1st action since his Wimbledon final loss will come at Legg Mason. (SportsIllustrated.CNN -- Tennis)
Legg Mason returns to profitability in Q1 Jul 21, 2009
The profit for the first quarter of Legg Mason s 2010 fiscal year is a sharp turnaround from the same period last year when the company lost $36 ... In the last quarter of fiscal year 2009, which covers the first three months of calendar 2009, Legg Mason (NYSE: LM) lost $330 ... Investors responded positively, pushing Legg Mason shares up $1. (Baltimore Business Journal, MD)
7 Reasons Not to Worry This Week Jul 21, 2009
Legg Mason (NYSE: LM) ... Legg Mason runs some of the funds that were among last year's worst performers ... Some of the names on this list, including Legg Mason and Starbucks, may be surprises, especially given the brutal quarter that the economy just went through. (MSNBC -- Business)
KKR Euronext Listing Moves Closer; Sees Profit Jul 20, 2009
KKR, co-founded by "buyout king" Henry Kravis, has investments in numerous household names such as Toys R Us Inc , mattress maker Sealy Corp and asset manager Legg Mason Inc. The economic meltdown hit the valuations of private equity firms' portfolios, their ability to raise money from the large pension funds that invest in their funds, and their ability to do leveraged deals. (ABC News -- Wire)
Stock futures point to firmer Wall St open after CIT deal Jul 20, 2009
Legg Mason (LM.N) is expected to report an EPS of 22 cents when it releases its quarterly results, according to 12 analysts. It posted an EPS of -22 cents in the same period last year. (Yahoo News -- Press Releases)
Legg Mason's rating downgraded by Fitch Jul 17, 2009
lowered its rating of s senior debt and issuer default rating to BBB+ from A- on Thursday, saying the asset manager s earnings power has weakened considerably over recent quarters amid a weak stock market and clients pulling money out of Legg Mason s funds. The ratings agency s action follows Legg Mason s (NYSE: LM) ... The swap in which Legg Mason is offering to exchange each unit for 0. (Baltimore Business Journal, MD)
Legg Mason to swap stock, cash for debt Jul 16, 2009
Legg Mason is offering to buy up to 21 ... 8881 shares of Legg Mason common stock plus $6 ... Legg Mason common shares (NYSE: LM), dropped 39 cents, to $24. (Baltimore Business Journal, MD)
Investors Say `Tarnished' Fed Shouldn't Oversee Firms Posing Systemic Risk Jul 15, 2009
The task force members include Brooksley Born, former chairman of the Commodity Futures Trading Commission; Bill Miller, chief investment officer of Legg Mason Capital Management Inc.; Harvey Goldschmid, former SEC commissioner, now professor at Columbia Law School. Levitt, a Democrat who the SEC from 1993 until 2001, is a board member of Bloomberg LP, parent of Bloomberg News. (Bloomberg)
