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News Breaks | | | | May 8, 2012 | | 07:24 EDT |  | PCLN, KKR | Priceline.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 | |
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News For PCLN;KKR From The Last 14 Days Check below for free stories on PCLN;KKR the last two weeks. |
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| 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 21, 2013 | | 08:14 EDT |  | PCLN | priceline.com price target raised to $900 from $800 at Cantor
Subscribe for More Information | | | May 20, 2013 | | 13:01 EDT | | PCLN | Priceline.com rises after analyst ups rating to Buy
Subscribe for More Information | | | 11:15 EDT |  | PCLN | Priceline.com volatility at record low as shares rally to record high
Subscribe for More Information | | | 10:11 EDT |  | PCLN | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:30 EDT |  | KKR | KKR & Co. to host investor day
Subscribe for More Information | | | 05:51 EDT | | PCLN | priceline.com upgraded to Buy from Hold at Deutsche Bank
Subscribe for More Information | | | May 16, 2013 | | 15:27 EDT |  | PCLN | priceline.com slips lower in late-day trading, levels to watch
Subscribe for More Information | | | | 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 | | 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 | | | May 10, 2013 | | 14:52 EDT | | PCLN | Market poised to end week higher as tech helps lead advance
Subscribe for More Information | | | 08:30 EDT | | PCLN | priceline.com Q2 guidance not a cause for concern, says Cantor
Subscribe for More Information | | | 07:27 EDT | | PCLN | priceline.com valuation highly attractive, says RBC Capital
Subscribe for More Information | | | 07:03 EDT | | PCLN | priceline.com price target raised to $850 from $800 at Piper Jaffray
Piper Jaffray raised its price target for priceline.com following the company's Q1 results and maintains an Overweight rating on the stock. Piper believes priceline.com's Q2 guidance is conservative and sees potential for margin expansion in the second half of 2013. | | | 07:02 EDT | | PCLN | priceline.com price target raised to $924 from $886 at Credit Suisse
Subscribe for More Information | | | 06:34 EDT | | PCLN | priceline.com price target lowered to $715 from $745 at Deutsche Bank
Deutsche Bank says it remains on the sidelines with regards to priceline.com shares given expectations for decelerating growth and margin compression in Q2. The firm lowered its price target for shares to $715 from $745 following the company's Q1 results and keeps a Hold rating on the name. | | |
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