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Stock Market & Financial Investment News

News Breaks
June 2, 2014
06:54 EDTKKR, GSKKR shuts down equity hedge fund, Bloomberg says
KKR (KKR) is shutting down its Equity Strategies team, which comes three years after hiring former Goldman Sachs (GS) proprietary trader Bob Howard as the unit's head, according to Bloomberg, citing comments from KKR in an e-mailed statement. Reference Link
News For KKR;GS From The Last 14 Days
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October 29, 2014
12:59 EDTKKRPrivate equity firms preparing initial bids for PetSmart auction, WSJ says
Private equity firms including Apollo Global Management (APO), Hellman & Friedman and KKR (KKR) are said to be preparing initial bids for pet-supply retailer PetSmart (PETM), says the Wall Street Journal. PetSmart which is based in Phoenix and has around 1,350 stores has a market capitalization of around $7B, added the Wall Street Journal. Shares of PetSmart are up almost 3% or $1.98, to $72.06 in midday trading. Reference Link
06:31 EDTGSAtlantia rejects order to Goldman on Aeroporti di Roma share sale, Reuters says
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06:12 EDTGSDeutsche Bank confirms Marcus Schenck as deputy CFO
The Supervisory Board of Deutsche Bank announced that it has realigned individual responsibilities on the Management Board in line with the Bank's ongoing strategic, regulatory and litigation priorities. As a consequence, the Supervisory Board has appointed two new members to the Management Board. Stefan Krause, CFO since 2008, will take a new position as Head of Strategy and Organizational Development, effective November 1, which will combine responsibility for strategic development and all major change initiatives at the Bank. Krause will continue as CFO until the conclusion of the Annual General Meeting on May 21, 2015. Dr. Marcus Schenck, who will join the Bank from Goldman Sachs (GS) as General Manager and Deputy CFO, will be appointed to the Management Board, effective on conclusion of the Annual General Meeting on May 21, 2015, at which time he will succeed Krause as CFO. Henry Ritchotte will continue as COO with responsibility for Technology and Operations, and will in addition assume responsibility for the Bank’s global digital agenda.
October 28, 2014
16:35 EDTKKRKKR partners to develop the east Texas Eaglebine
KKR (KKR) announced an investment in which KKR has become a non-operated working interest partner with Anadarko Petroleum Corporation (APC) in the development of Anadarko’s acreage in the Eaglebine play located primarily in Brazos, Burleson, and Robertson Counties, Texas. Through long-term, full field development, KKR expects to participate in more than 500 future horizontal wells. This is KKR’s first investment with Anadarko and first investment in the Eaglebine formation. The Eaglebine is an extension of the South Texas Eagle Ford shale into East Texas.
13:00 EDTGSReport says Deutsche Bank to name Schenck to succeed CFO Krause, Reuters says
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06:02 EDTGS'Big Brother' set to air in China on Youku internet platform, Variety reports
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October 23, 2014
08:04 EDTKKRKKR reports Q3 adjusted ENI 50c, consensus 44c
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07:25 EDTGSCitigroup, others careful of Ergen amid possible T-Mobile offer, Bloomberg says
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06:32 EDTGSGovernment relaxing mortgage regulations, NY Times says
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06:16 EDTKKRPetSmart attracts interest from KKR, NY Post reports
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October 22, 2014
13:58 EDTGSHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
13:37 EDTKKRPE firms may bid on Bayer's MaterialScience unit, Reuters says
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07:44 EDTGSSterigenics exploring sale, sources say, Reuters reports
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October 21, 2014
08:18 EDTGSBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 19, 2014
16:10 EDTGSGoldman reluctant to join U.K.'s BSRC, WSJ says
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