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Stock Market & Financial Investment News

News Breaks
March 20, 2014
08:30 EDTAPOApollo Global says Marc Spilker to step down as president
Apollo Global Management announced that Marc Spilker will be stepping down as President of Apollo and as a member of the firmís Executive Committee. Apolloís Executive Committee will continue to manage the firm and will rely upon the firmís Management Committee of senior executives from the firmís investment and infrastructure functions to assist in implementing the firmís growth initiatives and manage day to day operations. Members of Apolloís Executive Committee are Leon Black, Chairman and Chief Executive Officer; Josh Harris, Senior Managing Director and Marc Rowan, Senior Managing Director. Mr. Spilker will stay on as a senior advisor to the firm for the remainder of 2014.
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April 21, 2015
09:02 EDTAPOBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
April 14, 2015
13:02 EDTAPOFly Watch: Analyst expects strong Q1 results from private equity firms
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