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Stock Market & Financial Investment News

News Breaks
August 22, 2014
06:42 EDTBX, GSBlackstone in discussions to back China-based fund, Bloomberg says
Blackstone (BX) is in discussions to possibly back Hong Kong-based distressed fund, Arkkan Capital Management, which was founded by the former global leader of Goldman Sachs' (GS) special situations division Jason Brown, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
News For BX;GS From The Last 14 Days
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May 4, 2015
16:49 EDTBXPinnacle Foods files to sell 5M shares of common stock for holders
Pinnacle Foods (PF) announced that certain of its stockholders, which are entities affiliated with Blackstone (BX), intend to offer for sale in an underwritten secondary offering 5M shares of the company's common stock, pursuant to the company shelf registration statement filed with the SEC. Upon successful completion of the offering, Blackstone will no longer beneficially own any of Pinnacle's common stock. BofA Merrill Lynch is acting as bookrunner for the offering.
09:03 EDTGSGoldman, Grand Central Tech announce partnership
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06:13 EDTGSGoldman Sachs seeks to sell coal mines in Colombia, WSJ reports
Goldman Sachs (GS) is trying to sell at a loss coal mines it owns in Colombia, which would end its involvement in raw-materials production, The Wall Street Journal reports, citing sources familiar with the matter. Last year, JP Morgan (JPM) sold its physical-commodity assets, including a metals warehousing business, and Morgan Stanley (MS) has sold its oil-shipping and pipeline business and is seeking to sell its oil-trading and storage business. Reference Link
May 3, 2015
13:06 EDTBXBlackstone shares may return 20% over coming year, Barron's says
Blackstone stock could rise to $47 from $41 in the next 12 months and could "easily" return 20% after dividends, Barron's contends in a feature article. Barron's argues that the stock looks underpriced at just 10 times earnings, and CEO Stephen Schwarzman is confident the firm can handle heavy influxes of capital. Reference Link
April 30, 2015
08:19 EDTBXBlackstone invests $250M in Stornoway Diamond
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08:14 EDTBXBlackstone affiliate invests in Stornoway Diamond
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06:26 EDTGSBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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April 29, 2015
06:14 EDTGSSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link
April 27, 2015
09:59 EDTBXBlackstone acquires 16 UK logistics assets
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April 23, 2015
13:05 EDTGSGoldman Sachs Asset Management to acquire Pacific Global solutions business
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07:03 EDTGSCapital Link to hold a forum
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April 21, 2015
09:06 EDTBXHilton price target raised to $33 from $30 at Baird
Baird raised its price target on Hilton (HLT) to $33 from $30 ahead of its Q1 earnings report. The firm cited in-line peer valuation despite better growth expectations, additional asset monetization initiatives, and the potential for Blackstone (BX) to sell its shares, which would remove an overhang and boost liquidity. Baird reiterated its Outperform rating on Hilton.
09:02 EDTBXBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
07:51 EDTBXBlackstone, Brookfield bid for A$9B of office properties, Globe and Mail says
Investa Property Group, Australia’s third-biggest owner of city center offices, is seeing interest from Blackstone (BX) and Brookfield Asset Management (BAM), as well as LaSalle Investment Management and China’s Fosun, for the A$9B portfolio of Australian office properties that Morgan Stanley (MS) is marketing on the company's behalf, said Bloomberg, citing people with knowledge of the matter. Reference Link

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