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Stock Market & Financial Investment News

News Breaks
March 14, 2012
10:46 EDTHWD, KKR, APO, BHPHarry Winston, KKR, Apollo may bid for BHP diamond mine, Bloomberg says
Harry Winston Diamond (HWD), a KKR (KKR) led group, and a group headed by Apollo Global Management (APO) are discussing the acquisition of the Ekati diamond mine from BHP Billiton (BHP), in a sale that may total $500M-$750M, reported Bloomberg, citing sources. Reference Link
News For HWD;KKR;APO;BHP From The Last 14 Days
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August 20, 2014
11:44 EDTKKRMylan completes second bidding round for GSK prescription portfolio, WSJ says
Mylan (MYL), TPG Capital, Advent International, KKR (KKR), Warburg Pincus and a few Indian prescription manufacturers have completed the second round of bidding for GlaxoSmith Kline's (GSK) portfolio of mature medications, according to The Wall Street Journal, citing people familiar with the sales process. GSK noted that it aims to sell a portfolio of drug brands in the U.S. and EU with yearly sales of approximately $1.66B. Reference Link
10:04 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Underperform from Neutral at Credit Suisse... GT Advanced (GTAT) downgraded to Underperform from Outperform at CLSA... Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank... IDEXX (IDXX) downgraded to Sell from Neutral at Northcoast... Prestige Brands (PBH) downgraded to Neutral from Buy at Sidoti... Real Goods Solar (RGSE) downgraded to Neutral from Buy at Roth Capital... Regal-Beloit (RBC) downgraded to Neutral from Buy at Longbow... SunCoke Energy (SXC) downgraded to Neutral from Outperform at Credit Suisse... Tidewater (TDW) downgraded to Market Perform from Outperform at Clarkson Capital.
05:20 EDTBHPBHP Billiton downgraded to Underperform from Neutral at Credit Suisse
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August 19, 2014
15:22 EDTBHPBHP Billiton downgraded to Underperform from Neutral at Credit Suisse
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10:39 EDTKKRKKR hires Rothschild for sale of Northgate's public sector unit, Reuters says
KKR has engaged Rothschild to arrange for the sale of the public sector division of its software firm Northgate Information Solutions which may fetch around $600M, says Reuters. Reference Link
09:07 EDTBHPOn The Fly: Pre-market Movers
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06:16 EDTBHPBHP Billiton says continues to review Nickel West, smaller assets
BHP Billiton said continues to review Nickel West, New Mexico Coal and its smaller petroleum assets. "Each of these assets is subject to its own study and the Group will only pursue options that maximise value for its shareholders," BHP stated.
06:04 EDTBHPBHP says CFO Graham Kerr to be CEO of new company
BHP Billiton announced a series of changes to the senior management of the company. Graham Kerr, currently CFO is appointed CEO designate of the new company that BHP Billiton plans to form in a demerger. Graham will retire from the Group Management Committee on October 1 and will be replaced as CFO by Peter Beaven, currently President, Copper. Brendan Harris, currently Head of Group Investor Relations, has been appointed CFO designate of the new company. BHP said an announcement relating to Beaven's replacement as President Copper will be made in due course. In the interim Edgar Basto, currently Asset President Escondida, will act in the capacity of President, Copper and, following the appointment of a permanent replacement, will take up a new role within BHP Billiton.
05:59 EDTBHPBHP Billiton to create independent metals and mining company
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05:57 EDTBHPBHP Billiton reports FY14 underlying profit $13.45B vs. $12.21B last year
BHP said capital and exploration expenditure is expected to decline to $14.5Bin the 2015 financial year and be no more than $14B should the proposed demerger be implemented. "By maintaining an internal focus and concentrating investment in our major basins we believe an average rate of return of greater than 20% is achievable for our favoured development options," the company said. It added, "With robust volume growth and further productivity gains expected, we remain confident in the outlook for the Group. On this basis, we increased our full-year progressive base dividend by 4% to 121 US cents per share for an Underlying payout ratio of 48%. We will seek to steadily increase or at least maintain the dividend per share in US dollar terms at each half-yearly payment following the demerger, implying a higher payout ratio."
August 18, 2014
07:01 EDTBHPBHP Billiton spin off announcement doesn't create value, says Bernstein
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06:06 EDTKKRKKR, Abacus to acquire 70% of World Trade Center, Melbourne
Abacus Property Group and KKR have entered into definitive transaction documents to acquire a 70% interest in Towers 2, 3 and 4 of the World Trade Center, Melbourne. The vendor, Asset 1 WTC, will retain a 30% co-ownership interest. The total consideration for the acquisition of the 70% interest is $120.4M, excluding transaction costs, and represents an initial yield of 9.3% per annum. The property is a part of the Northbank precinct adjacent to the central business district. Under the terms of the venture, KKR will fund 75% of the equity and Abacus will fund the remaining 25%. Abacus will provide local property, asset and development management services to WTC. The transaction is subject to FIRB approval and finalisation of the senior bank facility, which is well advanced. Settlement is anticipated to occur in October this year. Reference Link
August 15, 2014
10:01 EDTKKR, APOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apollo Global (APO) downgraded to Market Perform from Outperform at Wells Fargo... Calavo Growers (CVGW) downgraded to Neutral from Outperform at Wedbush... DaVita (DVA) downgraded to Hold from Buy at Deutsche Bank... Dangdang (DANG) downgraded to Neutral from Outperform at Credit Suisse... Ducommun (DCO) downgraded to Neutral from Buy at DA Davidson... Energy XXI (EXXI) downgraded to Sector Perform from Outperform at Howard Weil... Fifth Street Finance (FSC) downgraded to Neutral from Buy at Gilford Securities... Genetic Technologies (GENE) downgraded to Neutral from Buy at Ladenburg... Harmony Gold (HMY) downgraded to Underweight from Neutral at HSBC... Ignite Restaurant (IRG) downgraded to Neutral from Overweight at Piper Jaffray... JDSU (JDSU) downgraded to Hold from Buy at Argus... K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo... KKR (KKR) downgraded to Market Perform from Outperform at Wells Fargo... Lexington Realty (LXP) downgraded to Neutral from Buy at Ladenburg... Lithia Motors (LAD) downgraded to Underweight from Equal Weight at Morgan Stanley... New York & Co. (NWY) downgraded to Neutral from Buy at Janney Capital... OCI Partners (OCIP) downgraded to Underweight from Equal Weight at Barclays... OmniVision (OVTI) downgraded to Neutral from Outperform at RW Baird... Smith & Nephew (SNN) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Buy at Goldman... Tencent (TCEHY) downgraded to Neutral from Overweight at JPMorgan... ViaSat (VSAT) downgraded to Equal Weight from Overweight at Stephens... bebe stores (BEBE) downgraded to Neutral from Buy at Janney Capital.
07:26 EDTAPO, KKRApollo, KKR downgraded to Market Perform at Wells Fargo
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06:18 EDTBHPBHP Billiton says pursuing options to become 'simpler' and 'more productive'
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05:41 EDTAPOApollo Global downgraded to Market Perform from Outperform at Wells Fargo
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05:41 EDTKKRKKR downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded KKR to Market Perform citing valuation.
August 14, 2014
14:13 EDTKKROmega Advisors gives quarterly update on stakes
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12:46 EDTAPOHayman Capital gives quarterly update on stakes
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August 13, 2014
12:22 EDTBHPIron ore prices at lowest level in months, Business Spectator says
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