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Stock Market & Financial Investment News

News Breaks
July 31, 2014
07:18 EDTNEWM, FIGFortress reports Q2 distributable earnings 39c, consensus 31c
Reports Q2 revenue $427.3M, consensus $221.59M. The increase in GAAP revenues compared to prior year was primarily attributable to $158M of revenues from the Media Business as a result of the consolidation of New Media beginning in February, as well as a $30M increase in incentive income from affiliates primarily attributable to realization activity in our Private Equity funds and higher crystallized incentive income from our Permanent Capital Vehicles. Fortress also consolidates New Media Investment Group (NEWM) financial position and results of operations. Reports Management Fee Paying Assets Under Management of $63.8B as of June 30, an increase of 2% from the previous quarter and an increase of 17% from June 30, 2013. Total uncalled capital, or “dry powder,” of $7.4B as of June 30, including approximately $5.7B available for general investment purposes.
News For FIG;NEWM From The Last 14 Days
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December 19, 2014
17:20 EDTFIGNew Senior names Justine A. Cheng as CFO
The Board of Directors of New Senior Investment Group (SNR) has appointed Justine A. Cheng as CFO and Treasurer effective as of December 19. New Senior was spun off from Newcastle Investment Corp. as an independent publicly traded company in November and is managed by Newcastle’s manager, FIG, which is an affiliate of Fortress Investment Group (FIG). Cheng has been actively involved with New Senior as CFO and Treasurer of Newcastle.
16:24 EDTNEWMNew Media files to sell $150M of common stock
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08:34 EDTFIGFortress potential into 2015 accelerating, says JMP Securities
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December 18, 2014
18:03 EDTFIGFortress looks to sell TRAC Intermodal, Reuters says
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17:50 EDTFIGFortress looks to sell TRAC Intermodal, Reuters says
09:28 EDTNEWMNew Media initiated with a Neutral at Sidoti
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December 15, 2014
09:08 EDTFIGMicroFinancial agrees to be acquired by funds managed by Fortress
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