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Stock Market & Financial Investment News

News Breaks
February 21, 2013
12:58 EDTAPO, UCO, CX, URI, FEIncreasing implied volatility stocks: APO UCO CX URI FE
News For APO;UCO;CX;URI;FE From The Last 14 Days
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April 22, 2014
12:50 EDTAPOApollo Global acquires Classic Party Rentals, terms not disclosed
Classic Party Rentals announced that funds managed by Apollo Global Management submitted the winning offer to acquire substantially all of the business of Event Rentals and its subsidiaries, d/b/a Classic Party Rentals at yesterday’s auction. The acquisition is subject to the execution of an asset purchase agreement and approval by the United States Bankruptcy Court for the District of Delaware.
12:24 EDTURIBofA/Merrill industrial machinery analysts hold analyst/industry conference call
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06:23 EDTAPOSmart & Final IPO could come as early as this year, WSJ reports
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April 21, 2014
11:14 EDTCXLafarge, Holcim leftovers could attract offers, Bloomberg says
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09:43 EDTURIUnited Rentals price target raised to $110 from $98 at RBC Capital
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08:03 EDTFEFirstEnergy's Beaver Valley Unit 2 shut down for maintenance
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April 17, 2014
06:57 EDTURIHertz has positive read through from United Rentals results, says Wells Fargo
After United Rentals (URI) reported stronger than expected Q1 results, Wells Fargo thinks the company's results have positive implications for Hertz's (HTZ) equipment rental unit. The firm reiterates an Outperform rating on Hertz.
April 16, 2014
18:55 EDTURIOn The Fly: After Hours Movers
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16:19 EDTURIUnited Rentals reaffirms FY14 revenue view $5.45B-$5.65B, consensus $5.49B
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16:17 EDTURIUnited Rentals still sees FY14 free cash flow $425M-$475M
16:16 EDTURIUnited Rentals reports Q1 adjusted EPS 90c, consensus 71c
Reports Q1 revenue $1.18B, consensus $1.18B.
15:17 EDTURINotable companies reporting after market close
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April 15, 2014
16:20 EDTAPOCaelus Energy Alaska, Apollo Global announce partnership
Caelus Energy Alaska and affiliates of Apollo Global Management (APO) have formed a strategic partnership to invest in oil and gas properties in Alaska. Caelus has closed its first transaction, the acquisition of Pioneer Natural Resources' (PXD) Alaskan oil and gas business, for $300M in cash, subject to adjustments, plus other consideration. Caelus, headquartered in Dallas has an executive management team led by CEO James C. Musselman and a technical team led by Chief Technical Officer Kenny Goh. Among other things, Mr. Musselman previously led Kosmos Energy, which discovered the 1 billion-plus barrel Jubilee field off the West African coast, and Triton Energy, which was acquired by Amerada Hess for $3.2B. Apollo funds have the opportunity to invest up to $1B in Caelus to develop the company's existing assets and to pursue acquisitions or other additional investments.
April 10, 2014
09:06 EDTCXBlackstone reaches a financial closing for Ventika
Fisterra Energy, a company majority owned by funds managed by Blackstone (BX), and Blackstone Energy Partners, announced it has reached a financial closing for Ventika. Ventika will be located in the northeastern Mexican state of Nuevo Leon and is comprised of two 126 megawatt wind farms with total capacity of 252MW. Once completed the project will alleviate significant demands on Mexico’s existing power infrastructure, helping Mexico reduce pollution and CO2 emissions, and meet its target of achieving 35% renewable generation by 2025. The $650M project is being jointly developed by CEMEX (CX) and Fisterra Energy. This investment funds the installation of 84 Acciona AW-3000 wind turbine generators, each with a hub height of 120 meters and a nominal output of 3MW per turbine. Construction of the project, which is scheduled to be completed in FY16, is expected to generate approximately 1K jobs and more than 2K additional jobs in related industries.
07:49 EDTAPOApollo, EQT, Blackstone mull offers for Gas Natural unit, Bloomberg says
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