BlackRock, others in talks on money market compromise

NEW YORK/BOSTON (Reuters) - Officials from BlackRock Inc , Fidelity Investments and other mutual fund operators are meeting Friday with U.S. regulators to discuss a potential compromise for reform of the $2.5 trillion money market industry. BlackRock, the world's largest money manager, and Fidelity, the largest manager of money market funds, had opposed a prior proposal from U.S. Securities and Exchange Commission Chairman Mary Schapiro to make the funds more stable in times of financial crisis. ...