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Stock Market & Financial Investment News

News Breaks
January 24, 2014
08:51 EDTBLK, KKR, BXChina Huarong investment eyed by BlackRock, KKR, Reuters says
BlackRock (BLK), KKR (KKR), Blackstone Group (BX) and Bain Capital are among the firms in talks to buy a pre-IPO stake in China's biggest asset management company, China Huarong Asset Management, according to Reuters, citing sources. Reference Link
News For BLK;KKR;BX From The Last 14 Days
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October 16, 2014
05:56 EDTBXStocks with implied volatility movement; BX VALE
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October 15, 2014
15:28 EDTBXNotable companies reporting before tomorrow's open
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09:35 EDTBLKBlackRock CEO says 'worried' about liquidity in bond market
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09:04 EDTBLKBlackRock CEO expects market volatility to continue
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06:21 EDTBXBlackstone, Fajr Capital, Mumtalakat acquire minority stake in GEMS
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06:18 EDTBLKBlackRock reports Q3 AUM growth of 10%
Reports Q3 long-term net informs of $28.7B. Reports Q3 operating margin of 40.6%.
06:17 EDTBLKBlackRock reports Q3 adjusted EPS $5.21, consensus $4.66
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October 14, 2014
15:29 EDTBLKNotable companies reporting before tomorrow's open
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13:09 EDTKKRGlaxoSmithKline seeks binding bids for mature drugs, Reuters reports
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07:25 EDTBXBlackstone October volatility elevated into Q3 and guidance
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October 13, 2014
06:37 EDTBLKBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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October 10, 2014
08:28 EDTBXBlackstone to spin off financial advisory business
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08:26 EDTBXBlackstone to spin off financial advisory business
08:09 EDTBXBlackstone plans to spin off advisory business, Bloomberg reports
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October 8, 2014
08:34 EDTBXWindy Cove Energy receives up to $700M from Blackstone for U.S. oil assets
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08:00 EDTBLKBlackRock volatility increases into Q3 and guidance
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07:08 EDTKKRKKR coverage assumed with an Outperform at Credit Suisse
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October 7, 2014
18:11 EDTBXBlackstone to curb accelerated fee practice, WSJ says
According to a written exchange between the company and one of its fund investors, Blackstone Group will no longer retain additional consulting fees when selling or taking companies that it owns public, The Wall Street Journal reports. Reference Link
13:59 EDTKKRKKR invests in Lemonade Restaurant Group, terms not disclosed
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10:08 EDTKKRSodaStream sinks after Q3 profit warning
Shares of SodaStream International (SODA) are sinking this morning after the company warned that revenue for the third quarter of 2014 will come in well below Wall Street estimates. SodaStream develops, manufactures and markets home beverage carbonation systems and related products. WHAT'S NEW: This morning, SodaStream reported preliminary Q3 revenue of $125M, significantly missing analysts' consensus estimate of about $154M. The company said it expects operating income of about $8.5M for the quarter. Chief Executive Officer Daniel Birnbaum cited an underperformance in the U.S. market as the primary driver of the quarterly shortfall, and said the results are an indication that the company must alter its course and improve its execution. Birnbaum said in a statement that the company is "very disappointed" by its recent performance, noting that it has "not succeeded in attracting new consumers to our home carbonation system at the rate we believe should be achieved." Birnbaum said the company has started a strategic shift towards health and wellness, mostly in the U.S., where he believes the message "will resonate more strongly" with customers. In addition, SodaStream is developing a growth plan, and more details are expected when Q3 results are reported later this month. WHAT'S NOTABLE: The carbonated beverage machine company has been the subject of buyout rumors for months. In July, Bloomberg reported that the company was in talks to go private for around $40 per share. In September, Israel's TheMarker said SodaStream was in talks to sell itself to a British investment fund for $840M, or $40 per share. SodaStream has also been rumored as an acquisition target for beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), The Independent reported last month. In July, SodaStream cut its fiscal year 2014 revenue growth view to 5% from 15% and cut its FY14 net income expectations to a 5% decrease from a 3% increase. At that time, the company said it believed sales trends for sodamakers would remain challenging in the U.S. in the second half of the year. PRICE ACTION: In mid-morning trading, SodaStream shares dropped $5.72, or 21%, to $21.85.
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