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Stock Market & Financial Investment News

News Breaks
May 30, 2014
07:09 EDTCS, MS, GS, KKRFirms reject KKR buyout loan during regulatory clampdown, Reuters says
Morgan Stanley (MS), Credit Suisse (CS) and Goldman Sachs (GS) were among the banks that snubbed KKR's (KKR) request for a $725M buyout loan due to worries that it was too risky for U.S. regulators to pass, according to Reuters, citing sources familiar with the situation. Reference Link
News For KKR;MS;CS;GS From The Last 14 Days
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May 27, 2015
06:57 EDTMSAbbVie enters into ASR with Morgan Stanley to repurchase $5B of stock
AbbVie (ABBV) said in a regulatory filing that on May 26, it entered into an accelerated share repurchase agreement with Morgan Stanley (MS) to repurchase $5B of AbbVies common stock. Morgan Stanley is expected to make an initial delivery of approximately 68 million shares of AbbVies common stock on May 27, which represents 90% of the prepayment amount divided by the closing price of AbbVies common stock on May 26. At settlement of the agreement, Morgan Stanley may be required to deliver additional shares of AbbVies common stock to AbbVie or, under certain circumstances, AbbVie may be required to deliver shares of its common stock or may elect to make a cash payment to Morgan Stanley. The total number of shares of AbbVies common stock to be repurchased under the agreement will be based on the daily volume-weighted average price of AbbVies common stock during the term of the transaction, less a discount and subject to adjustment pursuant to the terms of the agreement. The final settlement of the transactions under the agreement is expected to occur before the end of 4Q15 and may be accelerated at the option of Morgan Stanley.This agreement was entered into pursuant to AbbVies previously disclosed share repurchase authorization and in connection with AbbVies previously announced acquisition of Pharmacyclics, which was completed on May 26.
May 26, 2015
09:12 EDTKKRKKR, Gulf Bay Group to acquire Pelican Bay property in Naples for $80M
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08:17 EDTGSGoldman hired by Carlyle for potential stake sale in Telecable, Reuters reports
Goldman Sachs (GS) has been hired by Carlyle (CG) to advise the company on a possible sale of its 85% stake in Telecable, a Spanish telecoms operator, Reuters reports, citing two sources. Reference Link
06:04 EDTGSGoldman seeks to target $1B in renewable energy bonds in Japan, Reuters says
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May 20, 2015
08:21 EDTMS, GSATM data theft soars to highest rate in two decades, WSJ says
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06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
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May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
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08:32 EDTCSOvaScience announces Ravi Mehrotra as Chief Corporate Development Officer
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May 15, 2015
11:08 EDTKKROmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
09:01 EDTKKRKKR forms JV with Monterra Energy
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May 14, 2015
06:04 EDTMS, GSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
12:13 EDTGSGoldman Sachs management to meet with MKM Partners
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09:32 EDTMSMorgan Stanley fined $2M by FINRA for short interest reporting, rule violations
FINRA announced that it has fined Morgan Stanley & Co. LLC $2M for short interest reporting and short sale rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations. FINRA found that Morgan Stanley, over several years, failed to completely and accurately report its short interest positions in certain securities involving billions of shares. FINRA also found that the firm's supervisory system was deficient because it failed to detect and prevent these violations over an extended period of time. FINRA found that over a seven-year period, Morgan Stanley included positions from the accounts of non-broker-dealer affiliates in a number of aggregation units when determining each unit's net position. FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations. In concluding this settlement, Morgan Stanley neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
07:21 EDTCSCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link

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