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Stock Market & Financial Investment News

News Breaks
January 24, 2014
12:05 EDTUPRO, UNG, MJN, BX, LVSOptions with increasing implied volatility: UNG LVS MJN UPRO BX
News For UNG;LVS;MJN;UPRO;BX From The Last 14 Days
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July 5, 2015
15:27 EDTBXBlackstone appoints Liping Zhang as chairman for greater China
Blackstone (BX) announced that it has named Liping Zhang as a senior managing director and chairman for greater China. Based in Hong Kong, Zhang will advise the firm's management and regional business units as Blackstone "continues to expand its presence in the region." He joins from Credit Suisse (CS) where he most recently served as co-CEO of greater China and vice chairman of global investment banking. Zhang's appointment "underscores the strategic importance of greater China to Blackstone," said Stephen Schwarzman, chairman, CEO and co-founder of Blackstone.
July 2, 2015
12:11 EDTLVSJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTLVSUBS 'constructive' on Macau names after restrictions eased
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09:22 EDTMJNMead Johnson Nutrition names Michel Cup EVP, CFO
Mead Johnson Nutrition announced that Michel Cup will join the company as executive VP and CFO, effective September 1. Cup will assume responsibility for Mead Johnson’s global finance function and information systems and management. He will also oversee the company’s external development efforts. Cup was most recently the CFO of D.E. Master Blenders 1753, an international coffee and tea company based in the Netherlands. Cup will take over from Charles Urbain, who currently serves as the company’s interim CFO. Effective September 1, Urbain will assume a newly created role as executive VP and COO.
08:29 EDTLVSUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
12:19 EDTBXBlackstone, JPMorgan among giants interested in Worldpay, Sky News says
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10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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06:48 EDTLVSMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
16:05 EDTBXBlackstone completes acquisition of Tiptree Financial subsidiary
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15:17 EDTLVSMacau visa change does not signal a change in policy, says Wells Fargo
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13:59 EDTBXBlackstone intends to inject $84M into Jack Wolfskin, Bloomberg reports
Blackstone plans to inject $84M into Jack Wolfskin to alter the terms on its senior loans, Bloomberg reports, citing two people familiar with the matter. Reference Link
12:50 EDTLVSMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTLVSMacau appears to re-lengthen visas to 7 days, says Brean Capital
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08:58 EDTBXWendel to acquire AlliedBarton Security Services for roughly $1.67B
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05:37 EDTBXBlackstone to sell AlliedBarton to Wendel SE for $1.67B
Blackstone announced that private equity funds it manages have agreed to sell AlliedBarton to Wendel SE for approximately $1.67B. The transaction is expected to close later this year, and is subject to customary regulatory approvals.
05:37 EDTBXBlackstone to sell AlliedBarton to Wendel SE for $1.67B
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June 29, 2015
06:07 EDTBXBMW, Macquarie expected to bid for ANZ Banking unit, Reuters reports
According to a source familiar of the situation, BMW and Macquarie Group are among the companies expected to make a bid for Australia and New Zealand Banking Group's car and equipment loan book, Reuters reports. Additionally, buyout firms Carlyle (CG), Blackstone (BX) and TPG have requested information memorandums for the sale. The unit could fetch more than the $6.35B book value of the loans, the source says. Reference Link
June 26, 2015
09:32 EDTLVSNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 23, 2015
10:19 EDTBXReno shoe chain hires bankers to explore sale, Reuters reports
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