New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 24, 2014
21:23 EDTEDMC, KKR, GSLender group set to offer EDMC revised debt package, NY Post says
A KKR (KKR) led lender group is trying to work out a restructuring plan with Goldman Sachs (GS) and Providence Equity, the owners of Education Management Corp. (EDMC), says the NY Post. The plan, according to sources, has the owners giving up most of their equity in EDMC over time, added the NY Post. Reference Link
News For EDMC;KKR;GS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
October 15, 2014
15:28 EDTGSNotable companies reporting before tomorrow's open
Subscribe for More Information
15:02 EDTGSGoldman Sachs October 177 straddle priced for 3.7% move into Q3
Subscribe for More Information
October 14, 2014
13:09 EDTKKRGlaxoSmithKline seeks binding bids for mature drugs, Reuters reports
Subscribe for More Information
08:08 EDTGSGoldman Sachs October volatility elevated into Q3 and outlook
Subscribe for More Information
October 13, 2014
07:15 EDTGSNational Association of Corporate Directors to hold a conference
Subscribe for More Information
06:44 EDTGSRegulators seeking banks' auto loan data, Reuters reports
Subscribe for More Information
06:37 EDTGSBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
Subscribe for More Information
October 12, 2014
13:03 EDTGSBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 10, 2014
10:01 EDTEDMCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:49 EDTEDMCEducation Management upgraded to Market Perform at Wells Fargo
Subscribe for More Information
October 9, 2014
08:21 EDTGSGoldman, Credit Suisse invest in digital surveillance start-up, Bloomberg says
A group of banks, led by Goldman Sachs (GS) and Credit Suisse (CS), invested $24M in Digital Reasoning, a data analytics start-up whose CEO, Tim Estes, said the banks want a way to surveil millions of e-mails, instant messages, and transcripts of calls to spot suspicious behavior "when it happens, not in an investigation three years later. Reference Link
October 8, 2014
07:13 EDTGSBank dealers agree to revised derivatives rules, FT reports
Subscribe for More Information
07:08 EDTKKRKKR coverage assumed with an Outperform at Credit Suisse
Subscribe for More Information
06:56 EDTGSBarclays lists several Large-Cap banks with the most Q3 upside
Subscribe for More Information
06:35 EDTGSGoldman Sachs' outlook questioned, NY Times says
Subscribe for More Information
October 7, 2014
13:59 EDTKKRKKR invests in Lemonade Restaurant Group, terms not disclosed
Subscribe for More Information
10:08 EDTKKRSodaStream sinks after Q3 profit warning
Shares of SodaStream International (SODA) are sinking this morning after the company warned that revenue for the third quarter of 2014 will come in well below Wall Street estimates. SodaStream develops, manufactures and markets home beverage carbonation systems and related products. WHAT'S NEW: This morning, SodaStream reported preliminary Q3 revenue of $125M, significantly missing analysts' consensus estimate of about $154M. The company said it expects operating income of about $8.5M for the quarter. Chief Executive Officer Daniel Birnbaum cited an underperformance in the U.S. market as the primary driver of the quarterly shortfall, and said the results are an indication that the company must alter its course and improve its execution. Birnbaum said in a statement that the company is "very disappointed" by its recent performance, noting that it has "not succeeded in attracting new consumers to our home carbonation system at the rate we believe should be achieved." Birnbaum said the company has started a strategic shift towards health and wellness, mostly in the U.S., where he believes the message "will resonate more strongly" with customers. In addition, SodaStream is developing a growth plan, and more details are expected when Q3 results are reported later this month. WHAT'S NOTABLE: The carbonated beverage machine company has been the subject of buyout rumors for months. In July, Bloomberg reported that the company was in talks to go private for around $40 per share. In September, Israel's TheMarker said SodaStream was in talks to sell itself to a British investment fund for $840M, or $40 per share. SodaStream has also been rumored as an acquisition target for beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), The Independent reported last month. In July, SodaStream cut its fiscal year 2014 revenue growth view to 5% from 15% and cut its FY14 net income expectations to a 5% decrease from a 3% increase. At that time, the company said it believed sales trends for sodamakers would remain challenging in the U.S. in the second half of the year. PRICE ACTION: In mid-morning trading, SodaStream shares dropped $5.72, or 21%, to $21.85.
09:17 EDTGSSecurities Industry & Financial Markets Association to hold a conference
Subscribe for More Information
07:28 EDTGSWells Fargo ups price target ranges for capital markets banks
Subscribe for More Information
06:51 EDTGSJustice Department set to attack more large banks by year end, NY Times says
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use