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Stock Market & Financial Investment News

News For DTEGY;FTE;KKR From The Last 14 Days
Check below for free stories on DTEGY;FTE;KKR the last two weeks.
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July 18, 2014
09:18 EDTDTEGYSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:14 EDTKKRBlackstone, KKR, TPG discussing deal collusion suit settlement, Reuters says
Blackstone (BX), KKR (KKR) and TPG Capital are in discussions to settle a U.S. case accusing the firms of conspiring not to outbid one another and other buyout companies on takeovers of firms, according to Reuters, citing two people familiar with the matter. If all three companies settled, the Carlyle Group (CG) would be the only private equity company still up against a trial among 11 firms originally accused of colluding in agreements before the financial crisis occurred. Reference Link
07:08 EDTDTEGYSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link
July 16, 2014
11:28 EDTKKRLeon Cooperman gives 12 stock picks at CNBC conference
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11:16 EDTKKRCooperman lists Actavis, Citigroup, KKR among top-picks, CNBC says
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06:50 EDTKKRKKR co-founders could eventually be replaced by Nuttal, Bae, Reuters says
KKR co-founders Henry Kravis and George Roberts have noted they plan to stay at the firm for at least five more years, but Scott Nuttall and Joseph Bae are surfacing as the most likely people to fill those positions eventually, according to Reuters, citing sources. The sources said that both Kravis and Roberts have kept details of the succession plan a secret even within the company. Reference Link
July 15, 2014
07:09 EDTKKRKKR, PEP to make joint $1B offer for SAI, Reuters says
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July 14, 2014
14:58 EDTKKRKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link
06:30 EDTKKRKKR to acquire minority stakes in Swiss internet shopping sites, WSJ reports
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06:02 EDTKKRKKR acquires 25% interest in BlackGold Capital Management
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05:43 EDTKKRKKR, Ringier partner to invest in growth of Ringier
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July 11, 2014
16:22 EDTDTEGYOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
13:09 EDTDTEGYSoftbank near deal to buy T-Mobile, merge with Sprint, Nikkei reports
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July 10, 2014
06:46 EDTKKRKKR aims for joint offer for SAI Global with PEP, Reuters says
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July 9, 2014
10:02 EDTKKROn The Fly: Analyst Upgrade Summary
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09:13 EDTKKROn The Fly: Pre-market Movers
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09:03 EDTKKRKKR and Riverstone Holdings to form Trinity River Energy
KKR and Riverstone Holdings announced the signing of a definitive agreement to merge the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings, a portfolio company of Riverstone, to create a new oil and gas company called Trinity River Energy. Financial terms of the transaction were not disclosed. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the third quarter of 2014. KKR's investment in Trinity is being made by KNR.
05:56 EDTKKRKKR upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded KKR to Outperform citing potential upside to near- and long-term estimates from higher incentive fees. The firm raised its price target for shares to $33 from $29.
05:17 EDTKKRKKR acquires majority interest in OEG Offshore, terms not disclosed
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