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Wednesday, May 2, 2012 - 7:19am
Netflix, Akamai and Other Stocks Insiders are Buying
Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith in a company...
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Sunday, January 29, 2012 - 10:53am
Earnings Expectations for the Week of January 30
Lots more earnings are on the schedule for this week, even as the calendar page turns. Look for quarterly results to come from Exxon Mobil (NYSE: XOM), Hershey (NYSE: HSY), Kellogg (NYSE: K), MasterCard (NYSE: MA), Northrop Grumman (NYSE: NOC) and United Parcel Service (NYSE: UPS). Analysts expect...
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Wednesday, December 21, 2011 - 6:28pm
Will Yahoo! Finally Sell its Asian Assets to Alibaba?
That's the question everyone is asking. But will we ever get an answer? If this Dealbook report is accurate, Yahoo! (NASDAQ: YHOO) board members could be meeting this Thursday to discuss an offer from Alibaba Group and Softbank. The two entities are eager to gain at least a portion of Yahoo!'s...
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Blackstone Among Investors Vying for Anglo Irish's U.S. Loans
Wednesday, August 10, 2011 - 9:47am
Investor groups said to be vying for $9.65 billion in U.S. property loans held by Anglo Irish Bank include those led by Blackstone Group (NYSE: BX), Centerbridge Capital Partners, TPG Capital and Cerberus Capital Management. The deadline for bids was yesterday. The Dublin-based bank was...
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Blackstone Group to Take Emdeon Private
Friday, August 5, 2011 - 9:20amBlackstone Group (NYSE: BX) has signed a definitive agreement to take health-care payment services company Emdeon (NYSE: EM) private in a transaction valued at about $3 billion. Blackstone will pay $19 a share for the Nashville, Tenn., company; the stock closed Thursday at $18.35. Debt financing...
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UPDATE: Citi Raises Price Target on The Blackstone Group
Friday, July 22, 2011 - 6:53amCiti has published a report on the Blackstone Group (NYSE: BX) raising the target price from $22 to $24. In the report, Citi wrote, "We raise our 2011-13 ENI estimates following sharply better than forecast 2Q (see our 7/21 note, 2Q11 Initial Look -- Gangbusters After All; Favorite Alts Name) +...
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Blackstone Acquires Stake in Tangerine Confectionery
Tuesday, July 5, 2011 - 8:25am
Private equity firm Blackstone Group (NYSE: BX) has agreed to purchase a 40% stake in Tangerine Confectionery from Growth Capital Partners. The value of the deal was not disclosed. Blackpool-based Tangerine is the largest independent manufacturer of sugar confectionery and popcorn in the United...
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Blackstone Group Takes Stake in Risky RBS Loans
Friday, July 1, 2011 - 4:34pm
Royal Bank of Scotland Group (NYSE: RBS) has agreed to sell a 25% stake in its 1.4 billion pound ($2.3 billion) UK commercial real estate loan portfolio to private equity firm Blackstone Group (NYSE: BX). Blackstone will also take over the management of the assets, in an attempt to recover as...
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Vanguard Health's Disappointing IPO
Wednesday, June 22, 2011 - 8:21amVanguard Health Systems, a hospital operator controlled by Blackstone Group (NYSE: BX), managed to raise just $450 million Tuesday in its initial public offering, which was 22% less than it had sought. After LinkedIn (NYSE: LKND) and Pandora Media (NYSE: P) fell 29% and 16%, respectively,...
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Blackstone Group Eyes Investments in Russia
Saturday, June 18, 2011 - 9:09amBlackstone Group (NYSE: BX), the world's biggest private-equity firm, has yet to invest in Russia. But on Friday CEO Stephen Schwarzman said at the St. Petersburg International Economic Forum that the firm may invest in a new fund being set up by Russian President Dmitry Medvedev to spur foreign...
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