BlackRock, Others Buy Into Formula One

By Retracement:Private equity firm CVC Capital (CVC) has sold a $1.6 billion (1.0 billion pounds) stake in 'Formula One' to three investors including BlackRock (BLK) ahead of the motor racing company's planned $3 billion IPO in Singapore.

OSLO (Reuters) - In May 2012 the world's largest sovereign wealth fund joined U.S. investors BlackRock and Waddell & Reed to buy a $1.6 billion stake in motor racing's Formula One.

By CFA Institute Contributors: By Lauren Foster

By Zacks Investment Research: Estimates continue to rise for Waddell & Reed Financial (WDR) following the company's 5th straight earnings beat. It is a Zacks Rank #1 (Strong Buy) stock.

Waddell & Reed Financial (WDR) Q3 2013 Earnings Call October 29, 2013 10:00 am ET Executives Henry John Herrmann - Chief Executive Officer and Chairman of The Board Nicole McIntosh - Director of Investor Relations Daniel Paul Connealy - Chief Financial Officer and Senior Vice President

Waddell & Reed Financial (WDR) Q2 2013 Earnings Call July 30, 2013 10:00 am ET Executives Henry John Herrmann - Chief Executive Officer and Chairman of The Board Nicole McIntosh - Director of Investor Relations

Waddell & Reed Financial Inc (WDR) March 06, 2013 9:05 am ET Executives Daniel Paul Connealy - Chief Financial Officer and Senior Vice President Henry John Herrmann - Chairman of The Board and Chief Executive Officer Analysts William R. Katz - Citigroup Inc, Research Division Presentation William R. Katz - Citigroup Inc, Research Division