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Stock Market & Financial Investment News

News Breaks
March 7, 2014
07:50 EDTFB, BXBlackstone's Studzinski questions Facebook's WhatsApp deal, CNBC reports
Blackstone's (BX) senior managing director and global head of Blackstone Advisory Partners John Studzinski told CNBC that the $16B Facebook (FB) is paying for WhatsApp is hard to justify, but there is clearly value in the app's 450M. "That expression, beauty is in the eye of the beholder. You probably have to go back to some aspect of that. I can't justify it but then again I don't have Mark Zuckerberg's vision, I don't have his check book," he said.Reference Link
News For BX;FB From The Last 14 Days
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April 10, 2015
06:35 EDTBXGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTBXGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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06:34 EDTBXBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
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06:34 EDTBXBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTBXGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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April 9, 2015
16:17 EDTBXOn The Fly: Closing Wrap
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13:38 EDTBXGE close to selling real estate holdings, WSJ reports
General Electric (GE) is close to selling its real estate holdings to Blackstone (BX) and Wells Fargo (WFC), Wall Street Journal reports, citing people familiar with the matter. The portfolio has $30B in holdings, the Journal adds. Shares of GE moved up 25c to $25.26 following the report. Reference Link
06:26 EDTFBFacebook launches Messenger for Web browsers
Facebook has launched a Web version of Messenger. Users can access the product at Messenger.com. Reference Link
April 8, 2015
12:36 EDTFBGoogle, Facebook not discussing Twitter buyout, Re/code reports
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10:58 EDTBXBlackstone inactivity may lend credibility to Hilton report, says Wells Fargo
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08:57 EDTBXBlackstone talks to buy Colombia mines blocked by arbitrator, Reuters reports
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08:42 EDTFBLivePerson should benefit from Facebook move, says Roth Capital
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08:02 EDTBXChinese investors rumored to ask Blackstone about Hilton stake, Daily Mail says
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07:13 EDTBXBlackstone, Corsair could take stake in First Eagle, Reuters reports
Blackstone and Corsair, two private equity firms, are in talks to buy a stake in First Eagle Investment Management, sources tell Reuters. The negotiations, which could value First Eagle at about $4B including debt, are ongoing and expected to continue "for weeks," the sources say. Reference Link
April 7, 2015
16:00 EDTFBOptions Update; April 7, 2015
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06:00 EDTFBTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
20:07 EDTFBFacebook sued for facial biometric data collection, BI says
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10:01 EDTBXWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
06:03 EDTFBUber hires Facebook's Joe Sullivan as Chief Security Officer
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April 5, 2015
16:56 EDTFBEU considers major probe into Internet platforms, WSJ says
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