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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
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April 1, 2015
08:40 EDTBXMorgan Stanley is buyers of Blackstone and Carlyle Group into Q1 reports
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March 31, 2015
09:11 EDTBXBlackstone to hold a webcast
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08:04 EDTBXBlackstone announces new electric transmission company GridLiance
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07:27 EDTBXBlackstone quickly raises $14.5B for new real estate fund, WSJ says
In less than four months, Blackstone raised $14.5B from institutional investors for a new real estate fund, which plans to increase its total capital to $15.8B by raising an added $1.3B from retail investors, according to The Wall Street Journal, citing a memo sent Friday to investors in the new fund. The same day Blackstone agreed to use its previous real-estate fund to buy three hotels in Florida and Arizona from a group led by John Paulsonís firm for more than $1.2B, the report added, citing people familiar with the matter. Reference Link
07:23 EDTBXBlackstone to buy three hotels for over $1.2B, WSJ reports
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06:21 EDTKKRKKR, Anchor in talks to buy majority stake in Groupon unit, Reuters reports
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March 30, 2015
07:44 EDTGSBasel Committee says new regulations unlikely, FT reports
In an interview with the Financial Times, Basel Committee secretary-general William Coen stated most of the post-financial crisis bank regulation is in place, and the committee will now spend 2015 providing clarity on existing regulation. Coen stated that he is strongly inclined to review bank trading book rules by year's end, though the committee's review of market risk regulations may or may not be completed this year. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:32 EDTGSGoldman's co-chairman of investment banking to retire, Reuters reprots
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March 29, 2015
18:02 EDTGSECB stimulus may boost trading opportunities for investment banks, Reuters says
The European economic stimulus plan may boost trading opportunities for major investment banks whose profits have been curtailed by an increase in financial regulations since the financial crisis, says Reuters. publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
March 27, 2015
09:37 EDTGSGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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March 26, 2015
08:17 EDTGSSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
March 24, 2015
07:45 EDTGSMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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March 23, 2015
06:06 EDTKKRAres Management, GE Capital invests in package supporting KKR acquisition
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March 20, 2015
10:09 EDTGSAllstate enters accelerated share repurchase agreement with Goldman Sachs
Allstate (ALL) said in a filing that on March 19, the Registrant entered into an accelerated share repurchase agreement with Goldman, Sachs & Co. (GS), to purchase $500M of its outstanding common stock. The majority of the shares to be repurchased under this agreement will be received by the Registrant at the agreementís inception. It is expected that Goldman will purchase the shares that it delivers under the agreement in the market within a timeframe not to exceed three months. The final purchase price per share and number of shares to be delivered by Goldman will be determined at the conclusion of the agreement and settlement will consist of the Registrant receiving shares based on the average of the daily volume weighted average prices of the Registrantís common stock during the period of Goldman purchases. If the Registrant is required to pay a settlement amount, the Registrant may elect to settle in cash or shares of its common stock. The agreement is part of the Registrantís repurchase program totaling $3B that was announced on February 4, 2015. All of the shares acquired by the Registrant under the agreement will be placed into its treasury.
March 19, 2015
15:46 EDTKKRKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTKKRKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
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11:53 EDTGSU.S. banks face headwinds in unloading oil loans, WSJ says
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07:55 EDTBXMolycorp bondholders led by Apollo close to hiring Blackstone, Bloomberg says
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06:42 EDTGSAllianz hedges stake in China Pacific Insurance, Reuters says
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06:06 EDTGS, BXSunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link
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