The job cuts would amount to roughly 600 positions based on BlackRock s workforce of 19,800 at the end of December 2022, the last time its employee numbers were updated. Chief Executive Larry Fink in October signaled that the company is on the lookout for acquisition targets in order to increase its growth trajectory. It ended the third quarter of 2023 with $9.1 trillion in assets under management, down from the second-quarter total of $9.4 trillion.
(Bloomberg) Chilean industrial conglomerate Sigdo Koppers said it is scouring the market for acquisition targets in North America to grow its share of mining explosives as deteriorating ore grades push up demand for blasting.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb
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