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Stock Market & Financial Investment News

News Breaks
April 10, 2014
06:41 EDTJPM, MS, KKRGo Daddy hires Morgan Stanley, JPMorgan for IPO, NY Times says
The Go Daddy Group has hired Morgan Stanley (MS) and JPMorgan Chase (JPM) to coordinate its IPO, according to The New York Times, which cited an unnamed source. The company's IPO could take place later this year, the newspaper quoted the source as saying. The company, which is partially owned by private equity firm Kohlberg Kravis Roberts (KKR), registers Internet domain names. Reference Link
News For MS;JPM;KKR From The Last 14 Days
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June 29, 2015
10:38 EDTMSMorgan Stanley looks to expand bond trading unit, WSJ says
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10:09 EDTJPMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Assured Guaranty (AGO) downgraded to Neutral from Buy at BTIG... Capital Bank (CBF) downgraded to Hold from Buy at Sandler O'Neill... F5 Networks (FFIV) downgraded to Neutral from Overweight at Piper Jaffray... First BanCorp (FBP) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Hold at Jefferies following spin-off... IBERIABANK (IBKC) downgraded to Hold from Buy at Sandler O'Neill... JPMorgan (JPM) downgraded to Perform from Outperform at Oppenheimer... KYTHERA (KYTH) downgraded to Market Perform from Outperform at Leerink... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Macy's (M) downgraded to Sell from Buy at Deutsche Bank... MarketAxess (MKTX) downgraded to Underperform from Neutral at Macquarie... Nutrisystem (NTRI) downgraded to Market Perform from Outperform at Barrington... Park Sterling Bank (PSTB) downgraded to Hold from Buy at Sandler O'Neill... Popular (BPOP) downgraded to Neutral from Buy at Guggenheim... Qualcomm (QCOM) downgraded to Sell from Hold at Drexel Hamilton... SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer... Ternium (TX) downgraded to Neutral from Buy at BofA/Merrill... Xoom (XOOM) downgraded to Neutral at Susquehanna... Youku Tudou (YOKU) downgraded to Underperform from Neutral at Mizuho.
07:45 EDTJPMJPMorgan downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded JPMorgan based on valuation.
June 26, 2015
09:02 EDTMSLittleBits raises $44.2M in funding from group including Morgan Stanley
Hardware startup LittleBits Electronics announced $44.2M in new funding to further fuel its growth. This additional funding round was led by DFJ Growth ­with additional participation from new investors Morgan Stanley Alternative Investment Partners​, Grishin Robotics and Wamda Capital, among others.
07:28 EDTMS, KKRKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
June 25, 2015
07:48 EDTMS, KKRMorgan Stanley disregards Fed guidelines with $1B loan, NY Post reports
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07:16 EDTJPMJPMorgan executive Patrick Moore leaves company, Reuters reports
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07:13 EDTJPM, MSFed director says full transparency in stress testing can be 'enormous weakness'
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06:03 EDTJPMJPMorgan in settlement talks with SEC to settle product steering probe, WSJ says
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June 24, 2015
08:57 EDTJPMJPMorgan price target raised to $77 from $70 at Argus
Argus increased its price target on JPMorgan based on the bank's cost cutting efforts and expectations for rising interest rates., along with what Argus sees as moderating concerns over litigation expenses and a good investment banking/trading environment. The firm expects the stock's multiple to increase, and it reiterates a Buy rating.
07:19 EDTJPMJPMorgan names Nachimowski head of chemicals dealmaking in EMEA, Bloomberg says
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06:37 EDTJPMDeutsche downgrades Citi, Goldman after share rallies
Deutsche Bank analyst Matt O'Connor recommends using the strong share performance of both Citi (C) and Goldman Sachs (GS) as on opportunity to take profits. The analyst this morning downgraded shares of both investment banks to Hold from Buy. Citi is up 21% from the lows on January 30 while Goldman is up 30% since July 1, 2014, the analyst points out. On Citi, O'Connor sees less near term upside with fixed income trading entering a seasonally weak period and core cost reductions largely over. On Goldman, the analyst sees a lack of catalysts to drive the stock meaningfully higher in the near term. His top picks among U.S. Banks are Bank of America (BAC), JPMorgan (JPM), M&T Bank (MTB) and SunTrust (STI).
June 23, 2015
09:03 EDTKKR3M to buy Capital Safety from KKR in deal valued at $2.5B
3M (MMM) announced it has entered into a definitive agreement to acquire Capital Safety from KKR (KKR) for a total enterprise value of $2.5B, including the assumption of approximately $700M of debt, net of cash acquired. The business employs approximately 1,500 people worldwide and is headquartered in Bloomington, Minnesota. On a GAAP reported basis, 3M estimates the acquisition to be 4c dilutive to earnings in the first 12 months following completion of the transaction. Excluding purchase accounting adjustments and anticipated one-time expenses related to the transaction and integration, 3M estimates the acquisition to be 12c accretive to earnings over the same period. The transaction is expected to close in the third quarter, subject to customary closing conditions and regulatory approvals. 3M will finance the transaction with existing cash, a portion of which will come from outside the U.S.
08:45 EDTKKRKKR toa cquire C.H.I. Overhead Doors from FFL, terms not disclosed
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06:53 EDTMSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
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June 22, 2015
16:00 EDTJPMOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
10:52 EDTMSMorgan Stanley Smith Barney, Scottrade fined $950,000 by FINRA
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08:15 EDTKKRKKR announces strategic investment in Tarena
KKR (KKR) announced a strategic investment into Tarena International (TEDU), a provider of professional education services in China. In this transaction, KKR and Shaoyun Han, founder, Chairman and CEO of Tarena, had entered into definitive agreements to purchase an aggregate of $90.5M of ordinary shares in the company from existing pre-IPO shareholders, which are funds managed by affiliates of Goldman Sachs and IDG Technology Venture Investments, LLC. Pursuant to these agreements, KKR has agreed to purchase 6,826,263 Class A ordinary shares, representing an approximately 13% stake in the company, from the selling shareholders for a total purchase price of $70M. Han has agreed to purchase 2,000,000 Class A ordinary shares, representing an approximately 3.8% stake in the company, from the selling shareholders for a total purchase price of $20.5M, in private transactions. Han intends to fund the purchase through the issuance of a convertible bond to KKR, issued by an entity wholly owned by Han. The share purchase and sale transactions are expected to close in July, subject to customary closing conditions. KKR’s investment is through its China Growth Fund. Further details of the transaction are not disclosed.
08:06 EDTKKRTarena announces investment from KKR and Tarena CEO Shaoyun Han
Tarena (TEDU) announced that KKR (KKR) and Shaoyun Han, founder, chairman and CEO of Tarena, had entered into definitive agreements to purchase an aggregate of $90.5M of ordinary shares in the Company from existing pre-IPO shareholders, which are funds managed by affiliates of Goldman Sachs and IDG Technology Venture Investments, LLC. Pursuant to these agreements, KKR has agreed to purchase 6,826,263 Class A ordinary shares, representing an approximately 13% stake in the Company, from the selling shareholders for $70M, and Shaoyun Han has agreed to purchase 2,000,000 Class A ordinary shares, representing an approximately 3.8% stake in the company, from the selling shareholders for $20.5M, in private transactions. Mr. Han intends to fund the purchase through the issuance by an entity wholly owned by Han of a convertible bond to KKR.
08:02 EDTKKRTransphorm announces new $70M investment led by KKR
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