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Stock Market & Financial Investment News

News Breaks
April 22, 2014
08:16 EDTISNPY, UNCFF, KKRKKR to team with Italian banks to package bad loans, FT says
Italy's two largest banks, UniCredit (UNCFF) and Intesa Sanpaolo (ISNPY), have signed a memorandum of understanding with KKR (KKR) and restructuring service adviser Alvarez & Marsal that will allow the banks to unload some of their bad loan portfolios, reported Financial Times. Reference Link
News For KKR;UNCFF;ISNPY From The Last 14 Days
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April 23, 2015
15:37 EDTUNCFFSantander, UniCredit announce merger of asset management units
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08:07 EDTKKRKKR reports Q1 adjusted ENI 62c, consensus 53c
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April 22, 2015
19:54 EDTUNCFFSantander, UniCredit to merge asset management units, Reuters says
Santander (SAN) and UniCredit (UNCFF) have agreed to merge asset management units, Reuters reported earlier, citing three sources. Santander will not have direct involvement in the combined unit's operations, said the sources. Reference Link
15:50 EDTKKRNotable companies reporting before tomorrow's open
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10:02 EDTUNCFFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
05:39 EDTUNCFFUniCredit upgraded to Buy from Sell at Berenberg
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April 20, 2015
08:37 EDTKKRKKR, Anchor Equity to acquire controlling stake in Groupon's Ticket Monster
Private equity investor Anchor Equity Partners and global investment firm KKR (KKR) have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster from Groupon (GRPN). Anchor and KKR, in conjunction with TMON’s management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes in the company. Some of the world’s largest pension, sovereign wealth funds and institutional investors, including the Canada Pension Plan Investment Board and Pavilion Capital, will also be participating as investors in this transaction. Groupon, which acquired TMON in January 2014, will retain a fully diluted 41% minority stake in the company. The investment is based on a $782M fully diluted valuation of TMON. KKR and Anchor will work closely with TMON’s co-founder and CEO Dan Shin and the management team to grow the business. The transaction is expected to close in the second quarter of 2015, subject to regulatory and customary closing conditions.
08:33 EDTKKRGroupon agees to sell 46% stake in Ticket Monster to KKR for $360M
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April 16, 2015
08:03 EDTKKRKKR closes $1.34B direct lending fund
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April 14, 2015
13:02 EDTKKRFly Watch: Analyst expects strong Q1 results from private equity firms
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10:00 EDTKKRGroupon core business still key to valuation, says Piper Jaffray
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08:27 EDTKKRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
08:04 EDTKKRKKR names Luis Tellez as senior advisor
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07:00 EDTKKRKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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