Mizuho Buying Stake In Blackrock (BLK)

Japan's second largest broker, Mizuho Financial, is buying a 1.6% stake in Blackrock BLK for $500 million from Bank of America BAC, as it seeks to have a larger presence in asset-management. Shares of Blackrock are up 13 cents with around 10 minutes left to the trading session, to trade at $171.33.