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Stock Market & Financial Investment News

News Breaks
July 3, 2014
06:00 EDTBX, LAZ, KKR, EVRSEC looking into buyout firm commissions, WSJ reports
The SEC is looking into commissions that buyout firms such as KKR (KKR) and Blackstone (BX) receive for helping their companies get into group-purchasing programs, Wall Street Journal reports. The SEC is concerned that fund investors are unaware of the fees earned by buyout firms, the paper adds. Reference Link
News For KKR;BX;EVR;LAZ From The Last 14 Days
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December 18, 2014
06:59 EDTKKRKKR acquisition of Samson is 'cautionary tale' of shale boom, WSJ says
KKR's acquisition of Samson Investment is in negative territory, driven by falling oil prices, and offers a "cautionary tale" of the U.S. shale market boom, reports the Wall Street Journal. Reference Link
December 15, 2014
18:35 EDTBXCDL partners with Blackstone to create S$1.5B investment platform
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08:22 EDTKKRKKR initiated with an Overweight at Morgan Stanley
Target $29.
08:22 EDTBXBlackstone initiated with an Overweight at Morgan Stanley
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December 12, 2014
12:10 EDTKKRAdobe hits 52-week high after results beat estimates
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10:01 EDTLAZOn The Fly: Analyst Upgrade Summary
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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 EDTBX, KKRBofA/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.
05:41 EDTLAZLazard upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Lazard to Outperform with a $57 price target citing an improved outlook for 2015.
December 11, 2014
18:07 EDTKKRKKR, United Water sign utility partnership with Borough of Middletown, PA
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16:44 EDTKKRKKR to sell Fotolia to Adobe for $800M
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10:13 EDTEVROn The Fly: Analyst Initiation Summary
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07:49 EDTBXThe New York Times to hold a conference
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07:26 EDTEVREvercore Partners initiated with a Buy at MKM Partners
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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
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