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Stock Market & Financial Investment News

News Breaks
March 26, 2014
06:27 EDTBX, CG, BLKSEC set to exempt money-market mutual funds on certain rules, WSJ reports
The SEC is preparing to exempt a majority of money-market mutual funds from a central plank of rules in hopes of curbing risks, reports the Wall Street Journal. According to people familiar with the agency's discussions, the SEC is poised to implement structure changes to money funds and allow retail funds to maintain a stable $1 share price instead of floating in value. Reference Link
News For BLK;CG;BX From The Last 14 Days
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December 17, 2014
07:45 EDTBLKCFA Society of Cleveland to hold a luncheon meeting
Russ Koesterich, Managing Director and Chief Investment Strategist of BlackRock discusses the company's 2015 Forecast at a luncheon meeting being held in Cleveland, Ohio on December 17 at 12 pm.
December 16, 2014
17:37 EDTCGCarlyle Group puts ITS Technologies & Logistics up for sale, WSJ says
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December 15, 2014
18:35 EDTBXCDL partners with Blackstone to create S$1.5B investment platform
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10:00 EDTCGOn The Fly: Analyst Initiation Summary
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08:22 EDTBXBlackstone initiated with an Overweight at Morgan Stanley
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08:19 EDTCGCarlyle Group initiated with an Equal Weight at Morgan Stanley
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December 12, 2014
09:02 EDTBXKimco Realty to buy Blackstone 66.7% share stake in portfolio for $925M
Kimco Realty (KIM) announced that its subsidiary has executed a contract to acquire the remaining 66.667% interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BX) for a price of $925M, which includes the assumption of approximately $426.7M in mortgage debt. The company will pay approximately $512.3M to acquire BREP’s interest. Kimco will use a combination of proceeds from recently completed and pending property sales in the U.S. and Latin America as well as availability under its existing $1.75B revolving credit facility to fund this transaction which is expected to be completed in the first quarter of 2015. Upon closing, Kimco will own 100% of the portfolio. The portfolio consists of 39 properties totaling 5.6M square feet and is approximately 97% occupied. The properties in the portfolio are concentrated in the core markets of New York, Virginia, Texas, Florida, California, and Maryland. The portfolio has a three-mile average household income level of $92,000 and an average base rent per square foot of $15.83, both of which exceed Kimco’s current portfolio averages.
08:09 EDTBLK, BXBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
07:49 EDTBLK, BXThe New York Times to hold a conference
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07:21 EDTBXShell starts sale process for Tongyi JV stake, WSJ reports
Royal Dutch Shell (RDS.A) has started the sale process for 75% its stake in a Chinese oil lubricants business in a deal that could fetch up to $500M, The Wall Street Journal reports, citing sources. Blackstone (BX) is in a "strong" position in first round bids for the Tongyi oil lubricants joint venture, the sources say. Reference Link
05:54 EDTBXBlackstone implied volatility of 23 at lower end of index mean range
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December 9, 2014
07:45 EDTBXGoldman to hold a conference
U.S. Financial Services Conference is being held in New York on December 9-10.
06:33 EDTCGCarlyle Group acquires majority stake in Newgen KnowledgeWorks for $32.8M
The Carlyle Group has invested $32.8M to acquire a 54.85% stake in Chennai, India-based Newgen KnowledgeWorks Private Limited, a provider of publishing and technical services for many of the world’s largest and most prestigious publishers, particularly in the USA, the UK and Europe. Equity for the transaction comes from First Carlyle Ventures III, an investment fund advised by The Carlyle Group. Carlyle acquired the stake held by Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital in Newgen. Carlyle had earlier invested in Newgen in 2004 and exited its investment in 2011.
December 8, 2014
10:00 EDTBLKOn The Fly: Analyst Downgrade Summary
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09:27 EDTBLKBlackRock downgraded to Neutral at Susquehanna
As previously reported, Susquehanna downgraded BlackRock to Neutral from Positive citing weaker emerging markets and reduced expectations for active equity flow in 2015. Susquehanna maintained its $365 price target on BlackRock shares.
08:05 EDTBXHudson Pacific to acquire EOP portfolio from Blackstone for $3.5B
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07:24 EDTBXBlackstone to sell $3.5B of California properties to Hudson Pacific, WSJ says
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07:03 EDTBLKBlackRock downgraded to Neutral from Positive at Susquehanna
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06:15 EDTBXBlackstone implied volatility of 21 at lower end of index mean range

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