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News For WNS;CG;KKR From The Last 14 Days Check below for free stories on WNS;CG;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 20, 2013 | | 10:11 EDT |  | WNS | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:30 EDT |  | KKR | KKR & Co. to host investor day
Subscribe for More Information | | | 07:50 EDT | | CG | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | 06:12 EDT | | WNS | WNS Holdings upgraded to Buy from Neutral at Goldman
Goldman upgraded WNS Holdings due to strong growth, increased utilization, and resulting margin improvement. Price target raised to $19 from $15. | | | May 16, 2013 | | 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, CG | Some buyout firms move beyond buyouts, WSJ reports
Subscribe for More Information | | | | 06:08 EDT | | KKR, CG | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | CG | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:44 EDT | | CG | Carlyle Group downgraded to Neutral from Buy at UBS
Subscribe for More Information | | | May 10, 2013 | | 05:53 EDT | | CG | Carlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link | | | May 9, 2013 | | 06:35 EDT |  | CG | Carlyle Group reports Q1 adjusted EPS $1.02, consensus 94c
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