Citi Global Transaction Services just posted an article written by John Carter entitled, "Investing Corporate Cash: Managing Risk and Efficiency." It says, "Recent Citi global research sheds light on the top treasury management priorities of major corporations. The research program, called Citi Treasury Diagnostics, benchmarks practices in six key areas of treasury operations: liquidity and investing; risk management; working capital management; subsidiary funding and repatriation; policy and governance; and technology. The results revealed that risk management continues to be a key concern as companies deal with ongoing volatility in the markets. Throughout the recent economic crisis, firms focused on the safety of cash and strengthened investment policies to guide diversification and ensure scrutiny over counterparty exposures. Many are now focusing on integrating global treasury processes for more holistic approaches to risk identification and mitigation. When it comes to investing corporate cash, capital preservation remains a priority." In other news, a release entitled, "BlackRock to Report Third Quarter 2010 Earnings on October 20th" says, "BlackRock, Inc. today announced that it will report results for the third quarter of 2010 prior to the opening of the New York Stock Exchange on Wednesday, October 20, 2010. Chairman and Chief Executive Officer, Laurence D. Fink, and Chief Financial Officer, Ann Marie Petach, will host a teleconference call for investors and analysts at 9:00 a.m."
