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Stock Market & Financial Investment News

News Breaks
July 3, 2014
06:00 EDTEVR, BX, LAZ, KKRSEC 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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February 9, 2016
05:19 EDTKKRKKR signs three agreements to ultimately acquire 50% stake in Valinge
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February 8, 2016
07:23 EDTLAZ, BXCredit Suisse to hold a forum
17th Annual Credit Suisse Financial Services Forum is being held in New York where on February 8, some of the companies will be hosting dinners, followed by company presentations on February 9-10.
February 5, 2016
06:53 EDTKKR, BXBlackstone, Onex advance in Philips Lighting auction, Bloomberg reports
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February 4, 2016
12:25 EDTBXBidders preparing bids for Blackstone's Meerwind offshore park, Reuters says
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February 3, 2016
18:41 EDTEVRYahoo hires Qatalyst to advise on strategic alternatives, Re/code says
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06:06 EDTEVREvercore Partners reports Q4 adjusted EPS $1.22, consensus $1.05
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February 2, 2016
06:57 EDTLAZLazard reports Q4 asset management operating revenue $261M
Reports Q4 net inflows of $1.9B. Reports Q4 M&A and other advisory operating revenue $282M. Reports Q4 Financial Advisory operating revenue $331M. Average AUM for the fourth quarter of 2015 was $188 billion, 4% lower than average AUM for the fourth quarter of 2014 and 2% lower than the third quarter of 2015. AUM as of December 31, 2015, was 2% higher from September 30, 2015, primarily driven by market appreciation, partially offset by foreign exchange movement and $1.9 billion of net outflows in the quarter.
06:55 EDTLAZLazard reports Q4 adjusted EPS 92c, consensus 88c
Reports Q4 revenue $598M, consensus $574.92M.
February 1, 2016
16:24 EDTLAZLazard declares special dividend of $1.20 per share
Lazard declared a special dividend of $1.20 per share, up from the $1.00 special dividend paid in 2015, as well as a quarterly dividend of 35c per share on its outstanding Class A common stock. The dividends are payable on February 26 to stockholders of record on February 11.
08:34 EDTBXBlackstone outlook positive, says JMP Securities
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06:49 EDTBXBlackstone reduces stake in ChemChina unit to less than 10%, Reuters says
Blackstone has cut down its stake in a unit of ChemChina by more than half to below 10%, Reuters reports, citing two people with knowledge of the situation. The company spent roughly $600M to purchase a 20% interest in China National Bluestar in 2008, the report says. Reference Link
06:46 EDTBXBlackstone shops IT outsourcing firm in China, WSJ reports
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January 28, 2016
12:30 EDTBXBlackstone says enters 2016 with 'great confidence' in the business
Says does not see recession in U.S. in 2016. Says capital inflows to funds "remain healthy." Says seeing strong demand for credit products. Says the company is in "terrific shape" in all areas. Says remains "highly profitable with strong growth prospects." Says expects price of oil to be significantly higher over next several years. Says prefers cash to massive stock buybacks as it provides more investment opportunities. Says will continue to pursue "smart acquisitions." Says does not expect China to experience a "hard landing." Comments from company's Q4 earnings conference call.
07:05 EDTBXBlackstone reports Q4 fee-earning AUM $246.15B, up 14% y/y
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07:03 EDTBXBlackstone reports Q4 ENI 37c, consensus 46c
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05:28 EDTKKRKKR and Masan Group conclude partnership in Masan consumer
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January 27, 2016
14:34 EDTBXNotable companies reporting before tomorrow's open
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13:40 EDTKKRKKR replaces Bain as suitor for Peroni, Grolsch brands, Reuters says
KKR (KKR) is replacing Bain Capital as a bidder for SABMiller's (SBMRY) Peroni and Grolsch brands, Reuters reporst, citing three sources familiar with the matter. KKR was not previously shortlisted as one of the final suitors for the brands being unloaded by AB InBev (BUD) to smooth its acquisition of SABMiller, the report says. Reference Link
06:53 EDTKKRKKR, Bain, Fujifilm to make offers for Toshiba Medical, Reuters reports
KKR (KKR), Bain Capital, and Fujifilm (FUJIY) are among possible bidders for a medical equipment unit of Toshiba (TOSBF) in a deal that could be valued as high as $3B, Reuters reports, citing people familiar with the process. Reference Link
06:41 EDTBXSunEdison shops Vivint rooftop assets before closing takeover, Bloomberg says
SunEdison (SUNE) has yet to close its $1.9B acquisition of Vivint Solar (VSLR) and is already shopping come of the company's rooftop solar assets, Bloomberg reports. The purchase from Blackstone (BX) was announced in July and altered in December, and SunEdison might have difficulty completed the deal if it can't find a buyer for some assets, the report says, citing comments from an interview Credit Suisse analyst Patrick Jobin. Reference Link
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