WASHINGTON - A committee reporting to District of Columbia Mayor Muriel Bowser has recommended renaming dozens of public schools, parks and government buildings in the nation's capital - including those named for seven U.S. presidents - after studying the historical namesakes' connections to slavery and oppression.

Franklin Resources and Legg Mason helped pioneer asset management in the 20th century. On Tuesday, the venerable but fading names said they will combine in an effort to compete, as low-cost index funds upend their industry.