New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 14, 2014
07:20 EDTBX, KKR, GSKKR to sell Ipreo to Blackstone, Goldman Sachs for $975M, Financial Times says
KKR (KKR) plans to sell Ipreo to Blackstone (BX) and Goldman Sachs' (GS) investment arm for $975M, reports the Financial Times. According to people familiar with the matter, the deal could be announced Monday and comes after KKR had been seeking between $850M-$1B for Ipreo. Reference Link
News For KKR;BX;GS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 5, 2015
07:08 EDTKKRHoulihan Lokey to hold a conference
Subscribe for More Information
March 4, 2015
11:25 EDTGSJPMorgan, Goldman Sachs win dismissal of price fixing claims, Reuters says
U.S. District Judge Katherine Forrest has dismissed the aluminum price fixing lawsuit against JPMorgan (JPM), Goldman Sachs (GS), and Pacorini Metals, reports Reuters. Forrest stated the evidence failed to suggest the companies participated in unlawful conduct. Reference Link
11:16 EDTGSJPMorgan, Goldman Sachs win dismissal of aluminum price-fixing suit, CNBC says
CNBC said in a tweet that JP Morgan and Goldman Sachs have won the dismissal of a U.S. aluminum price-fixing lawsuit. Reference Link
March 2, 2015
17:08 EDTGSOverstock.com market-riggin case to proceed
Overstock.com (OSTK) announces that due to the California Supreme Court's decision last week not to review a lower appellate court ruling, relevant discovery materials gained in its long-fought battle with Goldman Sachs (GS) and Merrill Lynch (BAC) will be released to the public, and it will be proceeding to trial against Merrill Lynch. In a suit filed in 2007, Overstock.com alleged certain brokerages engaged in illegal market manipulation in a deliberate effort to manipulate Overstock.com's share prices. Over many years and millions of dollars of discovery generating millions of documents, it fashioned its case against some of the premier brokerages on Wall Street. As was previously disclosed in a filing with the SEC in December 2010, Overstock.com entered into a settlement with certain other defendants in the aggregate amount of $4.44M, the terms of which are confidential. In January 2012, a California trial court decided that relevant portions of the voluminous discovery records regarding Goldman and Merrill should be made public, but dismissed the case on narrow, technical grounds. Last week's decision by the California Supreme Court not to review the appellate court ruling means that the process for public release of information gathered through the discovery process may now proceed, and also the trial against Merrill Lynch. Overstock SVP and General Counsel Mark Griffin added, "It is unfortunate the Court has decided that, despite the substantial evidence against Goldman Sachs, due to jurisdictional grounds they cannot be made to account for it in a California courtroom. Overstock looks forward to making that evidence available to the public for review, and we can't wait to get Merrill Lynch in front of a jury, and let them decide what to do about these manipulative stock market abuses."
09:43 EDTKKRPhilips to get bids for lighting business from KKR, Bain, Reuters reports
Subscribe for More Information
08:38 EDTGSGoldman cuts Singapore investment-banking team nearly a third, Bloomberg says
Subscribe for More Information
06:24 EDTGSGoldman Sachs to launch messaging service for banks by July, NY Post says
Subscribe for More Information
February 27, 2015
20:35 EDTBXBlackstone management to meet with Sterne Agee
Subscribe for More Information
07:17 EDTGSUniversity of Chicago Booth School of Business to hold a forum
U.S. Monetary Policy Forum is being held in New York on February 27.
February 26, 2015
15:02 EDTGSFed extends capital surcharge for SiFi banks comment period to April 3
The Federal Reserve extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies. The Fed extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2. The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions. Large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
12:56 EDTBX, KKRKKR's Samson in restructuring talks, WSJ says
KKR's (KKR) Samson Resources is in discussions with restructuring advisers at Blackstone (BX) and other firms on how to handle its $3.8B long-term debt, reports the Wall Street Journal, citing people familiar with the matter. The Journal notes that Samson previously expressed interest in selling some oil and gas fields. Reference Link
10:50 EDTGSNew York regulator considering cybersecurity, cash laundering controls, WSJ says
Subscribe for More Information
10:35 EDTGSGoldman Sachs shakes up mergers and acquisitions group, Financial Times says
Subscribe for More Information
February 25, 2015
09:13 EDTBXBlackstone seeks coalition partners to invest outside its funds, WSJ reports
Subscribe for More Information
06:36 EDTGSGoldman Sachs looking to launch energy debt investment fund, NY Times reports
Subscribe for More Information
February 24, 2015
07:21 EDTGSSecurities Industry & Financial Markets Association to hold a conference
Subscribe for More Information
06:15 EDTGSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 23, 2015
08:42 EDTBXBlackstone Energy Partners II is oversubscribed at $4.5B
Blackstone announced the commencement of the investment period for its second energy-focused private equity fund, Blackstone Energy Partners II, with total commitments of $4.5B. BEP II received significant interest from both existing and new investors, with demand well surpassing the fund’s $4.5B hard cap. Investors in the fund include a diverse group of U.S. state pension funds, corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations and family offices. Like its predecessor fund BEP I, a $2.4B fund that had its final close in September 2012, BEP II will invest in control-oriented equity and equity-linked interests in companies, assets and development projects in the energy and natural resources sector on a global basis. To date, Blackstone’s energy-focused private equity team of professionals has deployed over $8B in this strategy. Blackstone's $16B diversified global private equity fund will continue to invest alongside BEP II in energy transactions on a 50/50 basis.
06:52 EDTGSGoldman Sachs sees $3B in possible legal costs above reserves
Subscribe for More Information
February 20, 2015
06:29 EDTKKRBayer close to selling diabetes unit to Panasonic, Bloomberg says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use