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Stock Market & Financial Investment News

News Breaks
November 13, 2012
15:33 EDTCG, MDRX, BXCarlyle, Blackstone made 2nd round offers for Allscripts Healthcare Solutions
This is being reported by Reuters, citing sources.
News For MDRX;CG;BX From The Last 14 Days
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April 10, 2015
06:35 EDTBXGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan – of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTBXGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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06:34 EDTBXBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
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06:34 EDTBXBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTBXGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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April 9, 2015
16:17 EDTBXOn The Fly: Closing Wrap
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13:38 EDTBXGE close to selling real estate holdings, WSJ reports
General Electric (GE) is close to selling its real estate holdings to Blackstone (BX) and Wells Fargo (WFC), Wall Street Journal reports, citing people familiar with the matter. The portfolio has $30B in holdings, the Journal adds. Shares of GE moved up 25c to $25.26 following the report. Reference Link
April 8, 2015
10:58 EDTBXBlackstone inactivity may lend credibility to Hilton report, says Wells Fargo
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08:57 EDTBXBlackstone talks to buy Colombia mines blocked by arbitrator, Reuters reports
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08:02 EDTBXChinese investors rumored to ask Blackstone about Hilton stake, Daily Mail says
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07:13 EDTBXBlackstone, Corsair could take stake in First Eagle, Reuters reports
Blackstone and Corsair, two private equity firms, are in talks to buy a stake in First Eagle Investment Management, sources tell Reuters. The negotiations, which could value First Eagle at about $4B including debt, are ongoing and expected to continue "for weeks," the sources say. Reference Link
April 7, 2015
16:18 EDTCGOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
15:53 EDTCGMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTCGMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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10:05 EDTMDRXOn The Fly: Analyst Initiation Summary
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07:34 EDTMDRXCerner, Allscripts not pricing in DoD contract win, says Deutsche Bank
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07:18 EDTCGAxalta Coating announces sale of shares to Berkshire Hathaway
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April 6, 2015
16:19 EDTMDRXAllscripts initiated with a Hold at Stifel
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10:01 EDTBXWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
09:25 EDTCGCarlyle Group management to meet with Oppenheimer
Meeting to be held in Chicago on April 9 hosted by Oppenheimer.
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