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Stock Market & Financial Investment News

News Breaks
June 15, 2012
13:09 EDTBRK.A, FIGBerkshire bid to buy most assets of ResCap rejected, NY Times says
Residential Capital, the mortgage arm of Ally Financial, said that it wanted to proceed with its original plan to hold two auctions, one of which will be anchored by a "stalking horse" bid from Fortress Investment Group (FIG), instead of accepting a bid from Berkshire Hathaway (BRK.A) to buy most of its assets out of bankruptcy, reported The New York Times, citing court documents. Reference Link
News For A;FIG From The Last 14 Days
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January 29, 2015
08:29 EDTFIGTwo Fortress executives resign after macro fund loss, Reuters says
Chief Risk Officer Sherif Sweillam and portfolio manager Tye Schlegelmilch resigned from Fortress Investment Group this month after the Swiss Franc uncapping brought a 7.64% loss to the firm's $3.1B macro fund, reports Reuters, citing three sources familiar with the matter. Global head of trading Timothy Durnan will replace Sweillam. COMAC Capital and Everest Capital also saw heavy losses in macro funds. Reference Link
January 27, 2015
11:06 EDTAAgilent announces China FDA approval of SureScan Dx microarray scanner
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January 26, 2015
10:00 EDTFIGOn The Fly: Analyst Downgrade Summary
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05:36 EDTFIGFortress downgraded to Market Perform from Outperform at Keefe Bruyette
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January 22, 2015
10:03 EDTFIGOn the Fly: Analyst Downgrade Summary
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08:13 EDTFIGFortress downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded Fortress to Perform from Outperform. The firm downgraded the stock based on the weaker than expected performance of the company's private equity and liquid hedge fund businesses.
06:34 EDTFIGFortress downgraded to Perform from Outperform at Oppenheimer
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January 21, 2015
07:59 EDTFIGFortress macro fund loses 7.6% in week of SNB shock, Reuters says
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