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Stock Market & Financial Investment News

News Breaks
April 5, 2013
06:07 EDTRBS, DTEGY, BX, DELL, PCSOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The "fear trade" is alive and well as investors rediscovered the appeal of haven Treasury bonds on Thursday, amid a flurry of worrying news ranging from North Korea to the domestic job market. The mood change sent Treasury prices rallying to the highest point this year, the Wall Street Journal reports...Wall Street has a lot more than bragging rights riding on the $24B-plus takeover battle for Dell (DELL). Some of the biggest banks are vying for fees that together could top $400M for advising and financing the buyout of the computer group, sources say, the Wall Street Journal reports..REUTERS: Bank of Japan Governor Haruhiko Kuroda played down concerns his unprecedented burst of monetary stimulus would create asset-price bubbles even as it delivered an immediate pay-off in global markets, with government bond yields at a record low, the yen hitting a 3-1/2 year trough and as stocks surging to multi-year highs, Reuters reports...Deutsche Telekom (DTEGY) is looking into improving the terms of a proposed merger of its T-Mobile USA unit with MetroPCS Communications (PCS) as a last resort to win over shareholders ahead of a vote on the deal next week, sources say, Reuters reports...BLOOMBERG: Blackstone Group (BX) and Dellís (DELL) Michael Dell have yet to resolve a critical issue, sources say: what role he would play if the private equity firm wins the bidding for the company, Bloomberg reports...Royal Bank of Scotlandís (RBS) Japan unit faces penalties after the Securities and Exchange Surveillance Commission found that employees attempted to manipulate benchmark interest rates, Bloomberg reports.
News For DELL;DTEGY;PCS;BX;RBS From The Last 14 Days
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December 16, 2014
06:07 EDTRBSRBS to sell portfolio of Irish real estate loans to Cerberus for GBP 1.1B
The Royal Bank of Scotland Group announced the agreement to sell a portfolio of Irish real estate loans to an entity controlled by Cerberus. At completion, RBS will receive cash consideration of up to GBP 1.1B at current exchange rates. Completion is expected in 1Q15. The sale proceeds will be used for general corporate purposes. The transaction, which represents RWA equivalent of cGBP 1.22B as at September 30, is part of the continued reduction of assets in its RBS Capital Resolution division and is in line with the bank's plan to strengthen its capital position and reduce higher risk exposures. The carrying value of the loans is cGBP 1B, the gross assets are cGBP 4.8B and generated a loss of GBP 0.8B, principally impairment provisions, in the year to December 31, 2013.
December 15, 2014
18:35 EDTBXCDL partners with Blackstone to create S$1.5B investment platform
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12:04 EDTDTEGYBT enters exclusivity agreement with Deutsche Telekom, Orange
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11:21 EDTDTEGYBT could announce exclusive talks to buy EE today, FT reports
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08:22 EDTBXBlackstone initiated with an Overweight at Morgan Stanley
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06:13 EDTDTEGYBT could decide this week between O2 and EE, Daily Mail reports
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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 BREPís 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 Kimcoís 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
13:40 EDTRBSEuro zone banks accepted $160B in low interest loans, NY Times says
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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 10, 2014
08:45 EDTRBSRBS to exit bond trading in Japan, WSJ reports
Royal Bank of Scotland Group plans to give up its primary dealership in the Japanese government bond market early next year as part of the bankís strategy to scale back its fixed-income businesses due to increasing regulatory costs, said The Wall Street Journal, citing a person familiar with the matter. The move will likely result in "sizable" job cuts, the report added. Reference Link
December 9, 2014
09:21 EDTDTEGYBT leaning toward O2 acquision over EE purchase, Bloomberg says
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07:45 EDTBXGoldman to hold a conference
U.S. Financial Services Conference is being held in New York on December 9-10.
06:08 EDTDTEGYFireEye announces partnership with Deutsche Telekom
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December 8, 2014
08:05 EDTBXHudson Pacific to acquire EOP portfolio from Blackstone for $3.5B
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07:56 EDTRBSRBS asks Credit Suisse, others for Coutts bids by Christmas, Reuters says
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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
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