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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:00 EDTMUSA, OAK, CG, IPAS, GPS, BX, LB, GASS, KKR, APOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Apollo Global (APO) initiated with a Hold at Deutsche Bank... Blackstone (BX) initiated with a Buy at Deutsche Bank... Carlyle Group (CG) initiated with a Buy at Deutsche Bank... Gap (GPS) initiated with a Buy at Buckingham... KKR (KKR) initiated with a Hold at Deutsche Bank... Oaktree Capital (OAK) initiated with a Buy at Deutsche Bank... StealthGas (GASS) initiated with a Buy at Maxim... iPass (IPAS) initiated with a Buy at Chardan... Murphy USA (MUSA) initiated with a Market Perform at Raymond James... L Brands (LB) initiated with a Neutral at Buckingham.
News For APO;BX;CG;KKR;GPS;OAK;GASS;IPAS;MUSA;LB From The Last 14 Days
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February 24, 2015
14:56 EDTCGCarlyle, Cap Gemini talks to buy CSC have 'fizzled,' Reuters says
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February 23, 2015
13:49 EDTCGCarlyle Group, Advent mull sale of H.C. Starck, Bloomberg reports
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08:42 EDTBXBlackstone Energy Partners II is oversubscribed at $4.5B
Blackstone announced the commencement of the investment period for its second energy-focused private equity fund, Blackstone Energy Partners II, with total commitments of $4.5B. BEP II received significant interest from both existing and new investors, with demand well surpassing the fund’s $4.5B hard cap. Investors in the fund include a diverse group of U.S. state pension funds, corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations and family offices. Like its predecessor fund BEP I, a $2.4B fund that had its final close in September 2012, BEP II will invest in control-oriented equity and equity-linked interests in companies, assets and development projects in the energy and natural resources sector on a global basis. To date, Blackstone’s energy-focused private equity team of professionals has deployed over $8B in this strategy. Blackstone's $16B diversified global private equity fund will continue to invest alongside BEP II in energy transactions on a 50/50 basis.
February 20, 2015
10:16 EDTGPSGap weekly volatility increases into Q4 and spring outlook
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06:29 EDTKKRBayer close to selling diabetes unit to Panasonic, Bloomberg says
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February 19, 2015
14:53 EDTKKRBayer near sale of diabetes unit to KKR backed venture, Bloomberg says
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14:01 EDTKKRBayer near sale of diabetes unit to KKR's Panasonic Healthcare, Bloomberg says
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12:45 EDTIPASiPass announces global workplace deal with Regus
iPass announced a deal with global workplace provider, Regus, to allow the company to offer its customers packages that come with bundled global Wi-Fi access. Regus operates more than 2,000 business centers in 104 countries and its on-site Wi-Fi is a key service for many of its customers.
09:59 EDTIPASOn The Fly: Analyst Downgrade Summary
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08:21 EDTIPASiPass downgraded to Neutral from Buy at Chardan
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08:15 EDTIPASiPass downgraded to Neutral from Buy at Chardan
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February 18, 2015
16:27 EDTIPASiPass announces Wi-Fi agreement with Microsoft
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16:26 EDTIPASiPass sees Q1 revenue $15.6M-$17.6M, consensus $17.7M
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16:26 EDTIPASiPass reports Q4 EPS (4c), consensus (5c)
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10:21 EDTAPOHigh option volume stocks
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10:05 EDTCGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
09:37 EDTAPOOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
06:08 EDTCGCarlyle Group upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Carlyle Group to Buy saying it believes the company is entering a "robust" harvesting cycle. Citi says Carlyle is at a favorable inflection point and raised its price target for the stock to $32 from $30.50.
06:03 EDTBX, KKRAllen Systems Group reaches agreement with senior lenders on debt restructuring
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February 17, 2015
07:02 EDTBXRentech secures additional loan commitment of up to $63M from GSO Capital
Rentech, Inc. (RTK) announced that GSO Capital Partners LP, the credit investment arm of Blackstone (BX), has increased its credit facility for Rentech by up to $63M. The majority of the proceeds from this new facility are expected to fund completion of Rentech’s Canadian wood pellet projects through positive cash flow. Rentech now estimates the cost to complete the construction of its Canadian wood pellet projects to be $125M-$130M. Rentech expects that the new term loan, together with its other cash resources, will be sufficient to fund its Atikokan and Wawa pellet projects until they have been commissioned and begin to generate positive cash flow. Rentech currently estimates that the cost to acquire and construct the two plants will be $125M-$130M, up from $105M. The majority of the increase is due to delays in construction and higher labor costs for installation of electrical and mechanical components. Rentech expects that working capital and the cost to commission the plants will add approximately $6 to $10 million to the estimated total project cost. Rentech does not expect the plants to generate positive EBITDA or cash flow for the year 2015. Annual stabilized EBITDA projected for both plants remains in line with previous guidance of C$17M-C$20M.
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