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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:04 EDTAPOApollo Global reports Q1 ENI 55c, consensus 56c
Reports Q1 revenue $509.3M, consensus $525.05M. Reports total assets under management of $159.3B as of March 31, compared to $114.3B as of March 31, 2013. CEO Leon Black said, “The favorable secular tailwinds in our industry - including the search for yield, increasing allocations to alternatives, consolidation of general partner relationships and a shifting financial services landscape - all play to our strengths. We believe Apollo is well-positioned to navigate the investment landscape across market cycles, and we expect our limited partners and shareholders to benefit from Apollo’s integrated investment platform for many years to come.”
News For APO From The Last 14 Days
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August 26, 2015
07:39 EDTAPOPiper Jaffray lowers estimates for asset managers below consensus
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August 18, 2015
19:47 EDTAPOCaesars creditors give ultimatum to Apollo Global, Bloomberg says
Earlier this month, creditors opposed to Caesars Entertainment's (CZR) bankruptcy plan demanded that Apollo Global (APO) -- one of the company's owners -- relinquish control of the bankrupt unit's parent company, reports Bloomberg, citing two people with knowledge of the matter. In exchange, the creditors offered to withdraw several lawsuits related to the bankruptcy, said the sources. Apollo rejected the ultimatum, though sources noted that talks are continuing. Reference Link

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