News Breaks |
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| October 3, 2012 |
| 07:08 EDT |  | BBY, CS, APO | Best Buy founder Schulze, PE firms examine books of retailer, Reuters reports
Best Buy (BBY) founder Richard Schulze and at least four private equity firms have started examining the books of the consumer electronics chain, early steps toward what could become a potential $11B buyout, sources say, reports Reuters. Apollo Global Management LLC (APO), Cerberus Capital Management LP, TPG Capital LP and Leonard Green & Partners LP are among firms that are conducting due diligence on Best Buy, as are Schulze and his financial advisers at Credit Suisse Group (CG), according to several sources. Reference Link |
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News For BBY;APO;CS From The Last 14 Days Check below for free stories on BBY;APO;CS the last two weeks. |
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| May 20, 2013 |
| 12:24 EDT |  | BBY | Stocks with call strike movement; FSLR BBY
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| 11:08 EDT | | BBY | Best Buy May weekly volatility elevated at 117 into Q1
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| 07:50 EDT | | CS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
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| 07:10 EDT | | APO | NY State investigates firms' investments that back fixed annuities, WSJ reports
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| 06:09 EDT | | APO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. |
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| May 17, 2013 |
| 12:00 EDT | | BBY | Stocks with call strike movement; FSLR BBY
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| May 16, 2013 |
| 12:32 EDT |  | CS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| 11:37 EDT | | BBY | Stocks with call strike movement; AMD BBY
AMD (AMD) October 4.5 call volatility increased 4% to 58, Best Buy (BBY) June 30 call option implied volatility increased 3% to 63 according to IVolatility. |
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| 10:21 EDT | | BBY | Best Buy volatility elevated shares near one-year high into Q1
Best Buy May weekly call option implied volatility is at 71, June is at 61, July is at 55, September is at 51 of 50 is above its 26-week average of 59 according to Track Data, suggesting large near term price movement into the expected release of Q1 earnings on May 20. |
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| 09:42 EDT |  | BBY | Best Buy estimates lowered at ITG Research
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| May 15, 2013 |
| 11:45 EDT | | BBY | Stocks with call strike movement; JCP BBY
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| 09:44 EDT | | BBY | Best Buy Q1results likley below consensus, says Wedbush
Wedbush expects Best Buy to report Q1 pro-forma results below consensus due to the reclassification of Best Buy Europe as discontinued operations. The firm expects Best Buy's cash flow to decline and continued margin erosion to result in lower earnings. The firm rates shares an Underperform with a $9 price target. |
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| 07:11 EDT | | APO | Some buyout firms move beyond buyouts, WSJ reports
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| 06:08 EDT | | APO | On the Fly: Periodicals Wrap-Up
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| May 14, 2013 |
| 11:51 EDT | | BBY | Stocks with call strike movement; JCP BBY
J.C. Penney (JCP) June 21 call volatility increased 2% to 60, Best Buy (BBY) June 31 call option implied volatility decreased 2% to 59 according to IVolatility. |
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| May 13, 2013 |
| 11:57 EDT | | BBY | Stocks with call strike movement; FLSR BBY
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| 10:09 EDT |  | APO | On The Fly: Analyst Upgrade Summary
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| 06:49 EDT | | CS | ECB member says negative deposit rates would help economy, Reuters says
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| 06:45 EDT |  | APO | Apollo Global coverage assumed with a Buy at UBS
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| 05:38 EDT | | APO | Apollo Global upgraded to Outperform from Market Perform at Keefe Bruyette
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