Stock Market & Financial Investment News

News Breaks November 12, 2012 06:23 EDT KKR, SCHW KKR & Co. launches funds aimed at private investors, FT reports KKR (KKR) is launching two investment funds that will be distributed to individuals by U.S. brokerage Charles Schwab (SCHW), the Financial Times reports. Reference Link News For KKR;SCHW From The Last 14 Days Check below for free stories on KKR;SCHW the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 24, 2013 13:19 EDT KKR KKR, Silver Lake to join bidding for Hulu video service, Bloomberg reports May 22, 2013 16:25 EDT KKR On The Fly: Closing Wrap Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. 13:07 EDT KKR KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link 12:53 EDT KKR KKR considers Saks investment, could push merger with Neiman, Bloomberg says Subscribe for More Information May 20, 2013 10:11 EDT SCHW On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. 08:30 EDT KKR KKR & Co. to host investor day Subscribe for More Information 05:37 EDT SCHW Charles Schwab downgraded to Underperform from Market Perform at Keefe Bruyette Subscribe for More Information May 16, 2013 07:11 EDT KKR Some asset managers want investors to buy their shares, Reuters reports Subscribe for More Information 06:08 EDT KKR On the Fly: Periodicals Wrap-Up Subscribe for More Information May 15, 2013 10:13 EDT SCHW On The Fly: Analyst Downgrade Summary Subscribe for More Information 07:11 EDT KKR Some buyout firms move beyond buyouts, WSJ reports Subscribe for More Information 06:08 EDT KKR On the Fly: Periodicals Wrap-Up Subscribe for More Information 06:06 EDT SCHW Charles Schwab downgraded to Underweight from Equal Weight at Barclays Subscribe for More Information May 14, 2013 19:06 EDT SCHW Charles Schwab executive eyed for SEC post, WSJ reports Subscribe for More Information 08:49 EDT SCHW Charles Schwab reports April daily average trades up 2% from prior year Subscribe for More Information 06:19 EDT SCHW Brokerage firms see market share drop, competition increase, Bloomberg reports Subscribe for More Information May 13, 2013 19:32 EDT SCHW Charles Schwab founder sells 1.5M shares, Barron's says Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.