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Stock Market & Financial Investment News

News Breaks
April 3, 2014
06:46 EDTBX, CGBlackstone, Carlyle look into bid for Singapore's Goodpack, Reuters says
Blackstone (BX) and Carlyle Group (CG) are considering a bid for Singapore's Goodpack, according to Reuters, citing people familiar with the matter. The sources said both companies had meetings this week with Goodpack, but there is no guarantee a deal with transpire as a result. Reference Link
News For BX;CG From The Last 14 Days
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July 23, 2014
08:01 EDTCG, BXBlackstone acquires majority stake in Service King Collision Repair Centers
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07:45 EDTBXSEC to approve money fund rules with exemptions for discount brokers, WSJ says
New money-market mutual fund rules that are expected to be approved at a Securities and Exchange Commission meeting on Wednesday will exempt discount brokers like Charles Schwab (SCHW) from some provisions, reported The Wall Street Journal. Under the SEC's planned rules, "prime" money funds that are held by corporations and institutional investors will have to abandon a fixed $1-a-share price and float in value like other mutual funds, according to the report, citing people familiar with the matter. Analysts said Schwab and other large money-fund sponsors, Vanguard and Fidelity, would do well under the plan, according to the report. Blackstone (BX) also offers money-market mutual funds. Reference Link
July 22, 2014
19:34 EDTCGJPMorgan in advanced talks to sell half its stake in buyout arm, WSJ says
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15:49 EDTBX, CGBlackstone to buy majority stake in Service King from Carlyle, WSJ says
Blackstone's (BX) purchase from Carlyle Group (CG) of the majority stake in the repair chain values the company at about $650M, according to The Wall Street Journal, citing a source. Reference Link
14:25 EDTCG, BXBlackstone to buy majority stake in Service King from Carlyle, Dow says
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July 18, 2014
07:14 EDTCG, BXBlackstone, KKR, TPG discussing deal collusion suit settlement, Reuters says
Blackstone (BX), KKR (KKR) and TPG Capital are in discussions to settle a U.S. case accusing the firms of conspiring not to outbid one another and other buyout companies on takeovers of firms, according to Reuters, citing two people familiar with the matter. If all three companies settled, the Carlyle Group (CG) would be the only private equity company still up against a trial among 11 firms originally accused of colluding in agreements before the financial crisis occurred. Reference Link
July 17, 2014
07:27 EDTBXBlackstone buys CatalunyaCaixa loan portfolio
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07:13 EDTBXBlackstone reports total assets under management of $279B
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07:11 EDTBXBlackstone reports Q2 EPS $1.15, consensus 71c
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07:11 EDTBXBlackstone buys Catalunya Banc mortgage portfolio for $5B, Reuters says
Blackstone has purchased a large mortgage portfolio from Spain's Catalunya Banc for $5B in an agreement backed by fresh state funds as the government aims to sell the firm, reported Reuters. Reference Link
July 16, 2014
07:10 EDTBXBlackstone, Oaktree strive for Catalunya mortgage portfolio, Reuters says
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July 11, 2014
06:50 EDTBXFriends Life disposes Lombard division to Blackstone, Reuters says
Friends Life announced that it sold its Lombard division to Blackstone for an initial consideration of $532M and said it will use a portion of the proceeds to buy-back shares, according to Reuters, citing a statement from Friends Life CEO Andy Briggs. The agreement is anticipated to be finalized in 2H14. Reference Link
July 10, 2014
11:21 EDTCGInternational Game Technology rises as GTECH reportedly prepares bid
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July 9, 2014
10:02 EDTCGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
06:19 EDTCGCarlyle Group downgraded to Neutral from Buy at Citigroup
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