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Stock Market & Financial Investment News

News Breaks
October 26, 2012
06:10 EDTAAPL, WMT, BX, SSNLF, CS, BRK.A, LMTOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Credit Suisse Group (CS) is looking to make one of its trading venues an exchange, an unusual bid that, if successful, would create the only U.S. stock exchange owned outright by a Wall Street bank. The plan centers on a trading platform called Light Pool, started last year, the Wall Street Journal reports...Wal-Mart Stores (WMT) plans to open 100 stores in the next three years in China, a slowdown from its earlier growth rates there. The company will add 18,000 jobs to the current 100,000 in China, the Wall Street Journal reports...REUTERS: Lockheed Martin (LMT) said in an SEC filing that it faced a potential termination liability of $1.1B on the F-35 fighter program unless it received additional funding for production of a sixth group of airplanes by year end, Reuters reports...Samsung (SSNLF) said it will book patent-related provisions once a U.S. court makes a ruling on its more than $1B litigation with Apple (AAPL), Reuters reports...BLOOMBERG: U.S. millionaires would rather match the stock market through an exchange-traded index fund than try to beat it using higher-fee hedge funds or billionaire Warren Buffett’s Berkshire Hathaway (BRK.A), Bloomberg reports...Blackstone Group (BX) Chairman Stephen Schwarzman plans to increase real estate investments in Asia after the firm raised more than $13B for a property fund, Bloomberg reports.
News For A;BX From The Last 14 Days
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December 19, 2014
10:35 EDTAOptions with increasing implied volatility
Options with increasing implied volatility: ARCP RCAP GREK RSX A
07:11 EDTBXPátria, Blackstone acquire four office buildings in Rio de Janeiro
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December 18, 2014
11:08 EDTAOptions with increasing implied volatility
Options with increasing implied volatility: CZR RSX HLF YPF ARCP MGM A MCD
December 15, 2014
18:35 EDTBXCDL partners with Blackstone to create S$1.5B investment platform
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08:22 EDTBXBlackstone initiated with an Overweight at Morgan Stanley
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December 12, 2014
09:02 EDTBXKimco Realty to buy Blackstone 66.7% share stake in portfolio for $925M
Kimco Realty (KIM) announced that its subsidiary has executed a contract to acquire the remaining 66.667% interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BX) for a price of $925M, which includes the assumption of approximately $426.7M in mortgage debt. The company will pay approximately $512.3M to acquire BREP’s interest. Kimco will use a combination of proceeds from recently completed and pending property sales in the U.S. and Latin America as well as availability under its existing $1.75B revolving credit facility to fund this transaction which is expected to be completed in the first quarter of 2015. Upon closing, Kimco will own 100% of the portfolio. The portfolio consists of 39 properties totaling 5.6M square feet and is approximately 97% occupied. The properties in the portfolio are concentrated in the core markets of New York, Virginia, Texas, Florida, California, and Maryland. The portfolio has a three-mile average household income level of $92,000 and an average base rent per square foot of $15.83, both of which exceed Kimco’s current portfolio averages.
08:09 EDTBXBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
07:49 EDTBXThe New York Times to hold a conference
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07:21 EDTBXShell starts sale process for Tongyi JV stake, WSJ reports
Royal Dutch Shell (RDS.A) has started the sale process for 75% its stake in a Chinese oil lubricants business in a deal that could fetch up to $500M, The Wall Street Journal reports, citing sources. Blackstone (BX) is in a "strong" position in first round bids for the Tongyi oil lubricants joint venture, the sources say. Reference Link
05:54 EDTBXBlackstone implied volatility of 23 at lower end of index mean range
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December 9, 2014
07:45 EDTBXGoldman to hold a conference
U.S. Financial Services Conference is being held in New York on December 9-10.
December 8, 2014
08:05 EDTBXHudson Pacific to acquire EOP portfolio from Blackstone for $3.5B
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07:24 EDTBXBlackstone to sell $3.5B of California properties to Hudson Pacific, WSJ says
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06:15 EDTBXBlackstone implied volatility of 21 at lower end of index mean range
December 5, 2014
10:44 EDTAOptions with increasing implied volatility
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