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Private Equity Firm KKR Eyes Entry To Oil & Gas Segment
Wednesday, December 23, 2015 - 10:37am | 175Read More...KKR & Co. L.P. (NYSE: KKR), a global investment management firm, on Wednesday announced it plans on establishing an integrated entity to provide asset management services to the oil and gas industry. The new platform will be led by KKR's Executive Chairman Deepak Munganahalli...
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Does Groupon's Ticket Monster Sale Affect Shareholders?
Tuesday, April 21, 2015 - 9:00am | 307Read More...Groupon Inc (NASDAQ: GRPN) on Monday announced that it would sell a majority stake of its South Korean Ticket Monster unit to a consortium that included private equity firm KKR. The deal more than triples Groupon's investment in Ticket Monster, which the company first bought for $...
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Groupon Announces Partial Sale Of Ticket Monster, New Share Buyback Authorization
Monday, April 20, 2015 - 9:14am | 366Read More...Shares of Groupon Inc (NASDAQ: GRPN) rallied last week after The Wall Street Journal reported the company was looking to sell a stake in Ticket Monster at an approximate $800 million premium, marking a hefty premium above the $260 million Groupon paid to acquire the South Korean based deals site...
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Morningstar Analyst On KKR-LifeLock Rumor: 'I Don't Think KKR Would Want To Be Involved With A Business With Regulatory Risk'
Wednesday, January 28, 2015 - 3:53pm | 265Read More...When asked about a rumored buyout of Lifelock Inc (NYSE: LOCK) by KKR & Co. L.P. (NYSE: KKR), Morningstar Analyst Stephen Ellis told Benzinga that his impression is that it wouldn’t be a very good deal. Ellis explained that he doesn’t think Lifelock has competitive advantages...
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Markets Boosted From Strong Earnings Releases, Jobless Benefits
Thursday, October 23, 2014 - 5:14pm | 2034Read More...U.S. stocks rose on Thursday after Wednesday's decline on strong earnings reports from Caterpillar and 3M. Also, U.S. data showed a decline in Americans filing for jobless benefits. The bullish sentiment on Wall Street may have been spoiled by fresh reports of a doctor who recently returned...
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Markets Close The Week On Negative Note As Ukraine Worries Mount
Friday, August 15, 2014 - 5:01pm | 2461Read More...U.S. stocks erased early morning gains and finished lower following reports that Ukrainian artillery forces engaged armored vehicles entering Ukraine from Russia. Narayana Kocherlakota, Minneapolis Fed President, stated that labor strength in its current state appears to be far away from the...
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S&P 500 Falls To Two-Month Low, Dow Drifts Further Away From The 17,000 Mark
Thursday, August 7, 2014 - 4:41pm | 2840Read More...U.S. stocks declined, following Europe's lead following the European Central Bank's decision to keep interest rates unchanged. The ECB's President Mario Draghi reaffirmed the bank's intention of considering "unconventional moves," which includes buying asset-backed...
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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399Read More...U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382Read More...U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
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Market Wrap For May 20: Markets Sharply Lower On Fed Talk, Disappointing Earnings
Tuesday, May 20, 2014 - 4:42pm | 2471Read More...U.S. stocks declined following troubling words from a Federal Reserve official. In a speech delivered Tuesday, the Fed's Charles Plosser hinted that the Federal Reserve should reduce the pace of its asset purchases in measured steps but an increase in interest rates “may come sooner than many...
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Barron's Recap: The Penta Quarterly
Sunday, May 18, 2014 - 5:41pm | 800Read More...This weekend in Barron's online: the Penta Quarterly and a profile of Barry Rosenstein, as well as the prospects for Avon Products, TD Ameritrade, Pitney Bowes and more. Cover Story "Jana Partners' Rosenstein" by Lawrence C. Strauss. How Barry Rosenstein rose from an Asher Edelman underling to...
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Market Wrap For May 13: Markets Close Again At Record Highs
Tuesday, May 13, 2014 - 4:36pm | 2460Read More...U.S. stocks were mixed as a positive measurement of small business sentiment offset a disappointing retail data set. Following Monday's action, the S&P 500 and Dow indices not only traded at new historical-all time highs, but closed at record highs. In fact, the S&P 500 briefly traded...
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The 3 Best Growth Plays In Financial Services
Sunday, April 6, 2014 - 6:10pm | 821Read More...A new research report this past week from Bernstein Research touted private equity firms Apollo Global Management (NYSE: APO), Blackstone Group (NYSE: BX) and Kohlberg Kravis Roberts (NYSE: KKR) as the best pure-play growth stocks in the financial services sector. The analysts see significant...
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Earnings Expectations For The Week Of February 3: GM, Twitter, Disney And More
Monday, February 3, 2014 - 7:42am | 989Read More...January, with its five percent correction, is behind us, and earnings continue to roll out this week, whether or not the groundhog saw his shadow. Highlights will include quarterly results from General Motors (NYSE: GM), Merck (NYSE: MRK), Philip Morris (NYSE: PM) and Walt Disney (NYSE: DIS),...
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Market Wrap For January 16: Markets End Two Day Winning Streak
Thursday, January 16, 2014 - 5:46pm | 2518Read More...The market took a bit of a breather Thursday following two strong days of gains. Earnings from two major banks failed to keep the momentum alive and investors focused on Best Buy's (NYSE: BBY) disappointing holiday guidance which contradicts the strong retail sales report earlier this week....













