Stock Market & Financial Investment News

News Breaks November 2, 2012 07:50 EDT KKR, GS, BX PE firms pressured by pension funds to revamp fee policies, NY Post says A large public pension’s private-equity program said for the last two years it has not committed money to any new private-equity fund that doesn’t give all fees it charges its companies back to investors, reported the New York Post. Companies like KKR (KKR) and Blackstone (BX) are responding to the pressure, according to the large investor, the report added. Reference Link News For KKR;GS;BX From The Last 14 Days Check below for free stories on KKR;GS;BX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent news | >> May 16, 2013 09:05 EDT GS SolarCity, Goldman Sachs collaborate on solar lease financing platform Subscribe for More Information 07:11 EDT KKR, BX Some asset managers want investors to buy their shares, Reuters reports Subscribe for More Information 06:41 EDT GS Big banks to benefit from U.S. concession on derivatives, NY Times says Subscribe for More Information 06:19 EDT GS U.K. judge rules Goldman Sachs tax deal didn’t break law, Bloomberg reports Goldman Sachs Group's deal with the U.K. government that may have saved the investment bank about $30.6M on its taxes didn’t break any laws and was properly conducted, a judge ruled, reports Bloomberg. Reference Link 06:08 EDT KKR, BX On the Fly: Periodicals Wrap-Up Subscribe for More Information May 15, 2013 16:09 EDT BX DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B DDR Corp. (DDR) announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII (BX). The acquisition, which is expected to close in Q4 subject to customary closing conditions, will significantly increase DDR's cash flow generated by very high quality, large format prime power centers located in top MSA's in the United States. The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR has executed a purchase and sale agreement to acquire Blackstone's 95% common equity ownership interest in 30 of these shopping centers for $1.46B. DDR intends to fund this acquisition through a combination of the assumption of $398M in existing debt, nearly $150M from the repayment of preferred equity and mezzanine loans previously funded by DDR and proceeds from the issuance of common equity and unsecured debt. As part of the consideration, DDR has the right, subject to certain conditions, to issue common shares to Blackstone in an amount not to exceed $250M. 16:07 EDT BX DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B Subscribe for More Information 13:17 EDT GS Goldman Sachs COO says will address Fed's CCAR concerns Subscribe for More Information 13:15 EDT GS Goldman Sachs COO says wouldn't cut equities on first move by Fed Subscribe for More Information 13:15 EDT GS Goldman Sachs volatility near low end of historic range Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. 07:11 EDT BX, KKR Some buyout firms move beyond buyouts, WSJ reports Subscribe for More Information 06:34 EDT GS JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J 06:08 EDT KKR, BX On the Fly: Periodicals Wrap-Up Subscribe for More Information May 14, 2013 09:01 EDT GS NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs Subscribe for More Information 08:33 EDT GS CFTC investigates swap contracts, FT reports The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link 07:59 EDT GS Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports Subscribe for More Information 06:01 EDT GS Goldman looking to lessen reliance on Bloomberg, NY Post reports Subscribe for More Information 05:44 EDT BX Banks work deals from both sides of the field, WSJ reports Subscribe for More Information May 13, 2013 15:04 EDT GS Fed says large banks must submit midyear stress tests on July 5 Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. May 10, 2013 07:49 EDT BX Blackstone targets corporations rich balance sheets, Bloomberg reports 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.