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Stock Market & Financial Investment News

News Breaks
May 8, 2012
07:24 EDTKKR, PCLNPriceline.com eyeing takeover of Trainline, Sky News reports
Sky News has learned that Priceline.com (PCLN) is considering a takeover of British web-based rail ticketing service Trainline. Priceline is said to be one of several bidders vying for control of Trainline, which could be worth up to GBP400M. Other bidders are said to include Kohlberg Kravis Roberts (KKR) and a Canadian pension fund. Reference Link
News For PCLN;KKR From The Last 14 Days
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July 31, 2015
12:25 EDTPCLNExpedia hits 52-week high after Q2 profit tops estimates
Shares of online travel company Expedia (EXPE) are rising after the company’s second quarter adjusted profit topped analysts’ consensus estimates and it reported strong gross bookings. WHAT'S NEW: After the close on Thursday, Expedia reported Q2 adjusted earnings per share of 89c, topping analysts' consensus estimates of 84c, on revenue of $1.66B, in line with the consensus projection. The company reported adjusted EPS, excluding eLong (LONG), of $1.02. WHAT'S NOTABLE: Expedia reported Q2 room night growth, excluding eLong, grew to 35% year-over-year, with domestic and international room nights growing 24% and 50%, respectively. It reported gross bookings and revenue, excluding eLong, increased 20% and 15%, respectively. Excluding the impact of foreign exchange, gross bookings increased 28%. In Q2, Expedia added nearly 27,000 properties to its global supply portfolio, which now stands at approximately 257,000. ANALYST REACTION: RBC Capital said this morning that Expedia's results were "surprisingly strong," given intra-quarter comments by the company. The firm raised its price target on the name to $140 from $130 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Expedia rose $11, or about 10%, to $118.65 on more than twice its average daily trading volume. Earlier in the session, the stock made a fresh 52-week high of $119. Including today’s advance, the shares have gained approximately 50% over the past year. OTHERS TO WATCH: Other online travel companies include Priceline Group (PCLN), which is up 2.3%, Travelzoo (TZOO), which is up 0.6%, Ctrip.com (CTRP), which is up 1.8% and Orbitz Worldwide (OWW) and Tripadvisor (TRIP), whose shares are flat.
09:56 EDTPCLNOptions with increasing volume on open
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07:10 EDTKKRJBF confirms $150M investment from KKR
JBF Industries has signed a definitive agreement with KKR under which KKR will invest $150M into JBF Group. A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted subsidiary. KKR will primarily make its investment from the KKR Special Situations Fund II. The transaction is subject to customary closing conditions, including the receipt of shareholder approval and regulatory approvals from competition authorities. Further details of the transactions were not disclosed.
05:54 EDTPCLNPiper recommends owning Priceline into next week's results
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July 30, 2015
19:35 EDTPCLNOn The Fly: After Hours Movers
UP AFTER EARNINGS: YRC Worldwide (YRCW), up 17.7%... SkyWest (SKYW), up 11.5%... Zeltiq Aesthetics (ZLTQ), up 9%... Columbia Sportswear (COLM), up 11%... Expedia (EXPE), up 7.9%... Ellie Mae (ELLI), up 7%... Comfort Systems (FIX), up 6.2%... DigitalGlobe (DGI), up 5%... Fiesta Restaurant Group (FRGI), up 8%... Amgen (AMGN), up 1.9%. ALSO HIGHER: Juno Therapeutics (JUNO), up 1.7% after getting FDA clearance for IND application for JCAR015... Priceline (PCLN), up 1.5% following Expedia's quarterly results... Coca-Cola Enterprises (CCE), up 9.6% after the Wall Street Journal reported that the company is in advanced talks with Coca-Cola bottlers... Endurance Specialty (ENH), up 2.6% after being added to the S&P MidCap 400. DOWN AFTER EARNINGS: Oculus (OCLS), down 17%... Computer Programs (CPSI), down 11.9%... Outerwall (OUTR), down 9.2%... FireEye (FEYE), down 5.2% after reporting quarterly results and that CFO Michael Sheridan intends to leave the company... Hanesbrands (HBI), down 8.5%... Solazyme (SZYM), down 8.8%... Boston Beer (SAM), down 5.2%... Ocwen Financial (OCN), down 10.7%... LinkedIn (LNKD), down 4.5%... Electronic Arts (EA), down 3.2%.
18:37 EDTKKRKKR to invest $150M in JBF Industries, FT says
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06:25 EDTKKRSamson Resources plans to file for bankruptcy protection, NY Post reports
Samson Resources plans to file for bankruptcy protection "within days," the New York Post reports. KKR (KKR) is slated to lose its approximately $2B investment in the firm, the report says. Cerberus Capital Management, Silver Point Capital, and Credit Suisse (CS) are among the second-lien lenders that hold roughly $1B in debt and will take over Samson in exchange for their loans as part of a prepackaged bankruptcy, the report says. Reference Link
July 27, 2015
06:03 EDTPCLNPriceline implied volatility of 41 at upper end of index
July 24, 2015
09:55 EDTKKRKKR enters bidding process for NCR, CNBC's Faber reports
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July 23, 2015
07:08 EDTKKRKKR reports Q2 adjusted ENI 88c, consensus 62c
Reports Q2 revenue $255.87M, consensus $253.91M. Book value was $10.9B on a total reportable segment basis, or $12.77 per adjusted unit. Assets under management and fee paying assets under management totaled $101.6B and $83.7B, respectively, as of June 30, 2015. Return on equity and cash return on equity were 16.6% and 17.1%, respectively.
05:30 EDTKKRKKR, Borealis Maritime JV acquires Hanseatic Ship Asset Management
KKR and Borealis Maritime announced the $254.5M acquisition of Hanseatic Ship Asset Management GmbH, a 100% owned subsidiary of Commerzbank AG controlling a modern fleet of 18 container and dry cargo vessels, through a joint venture vehicle established by the two firms. Embarcadero Maritime III, a joint venture formed by KKR and Borealis Maritime to invest in distressed shipping assets, will acquire HSAM with all its assets. Following this purchase, investment vehicles established by KKR and Borealis will jointly operate a fleet of over 50 vessels in the container, chemical, product and LPG sectors. To date, KKR and Borealis have deployed over $600M into vessel acquisitions and continue to pursue additional transactions opportunistically.
July 21, 2015
10:14 EDTKKRHigh option volume stocks:
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08:29 EDTPCLNPriceline price target raised to $1,435 from $1,380 at Oppenheimer
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05:49 EDTKKRKKR files paperwork for an IPO of First Data, Financial Times reports
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05:37 EDTKKRKKR acquires 80% stake in Gestamp Solar
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July 20, 2015
06:15 EDTKKRKKR buys majority stake in Deutsche Glasfaser
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July 17, 2015
12:05 EDTPCLNEtsy surges after Google says 'deep links' driving traffic boost
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