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News Breaks
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February 10, 2012
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| 09:47 EDT |  | APO |
| theflyonthewall.com: | Apollo Global retreats after reporting lower than expected net income | | Asset manager Apollo Global Management (APO) reported lower than expected Q4 total economic net income of 80c after taxes. However, the company's total assets under management, or AUM, rose 15% quarter-over-quarter to $75B. The growth in total and fee-generating AUM was driven by both organic and strategic growth in Apollo's capital markets and real estate segment, said the company. On the other hand, the company's 2011 economic net income was constrained by lower unrealized mark-to-market valuations within its private equity and capital markets segments, Apollo added. In early trading, Apollo dropped 70c, or 4.56%, to $14.64. :theflyonthewall.com |
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May 16, 2012
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| 06:14 EDT |  | APO |
| theflyonthewall.com: | Brambles held deal talks with Shred-It, may sell Recall unit, Reuters reports |
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