"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.
NEW YORK, May 6- Apollo Global Management LLC reported a 72 percent increase in first-quarter profit per share, its best quarterly results as a publicly listed alternative asset manager, as it took advantage of favorable capital markets to exit investments.
A private equity group made up of Bain Capital and Golden Gate Capital Corp are nearing a deal to acquire BMC Software and an announcement could come as early as Monday, two people familiar with the matter told Reuters on Sunday.
**MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct. Bond insurer MBIA and Bank of America have reached a settlement in their ongoing legal disputes, and BofA will pay MBIA $1.6 billion in cash, a source familiar with the matter said.
The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.
NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is speaking to investment banks about an initial public offering in the United States, a person with knowledge of the matter said on Thursday.
NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is preparing for an initial public offering in the United States, the Financial Times reported on Thursday, citing banking sources.
NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is preparing for an initial public offering in the United States, the Financial Times reported on Thursday, citing banking sources.
Treasury Secretary Jack Lew will meet with Wall Street and business executives in New York on Thursday evening to discuss issues, including how to strengthen the U.S. economic recovery and further reduce the deficit, an official said.
Treasury Secretary Jack Lew will meet with Wall Street and business executives in New York on Thursday evening to discuss issues, including how to strengthen the U.S. economic recovery and further reduce the deficit, an official said.
*Q4 after-tax ENI per share $1.69 vs Street view of $1.05. Apollo's private equity business was boosted by the sale of stakes in chemical producer LyondellBasell Industries NV and cable operator Charter Communications Inc, as well as a special dividend from LyondellBasell.
NEW YORK, Jan 29- Private equity firms Apollo Global Management LLC and C. Dean Metropoulos& Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday.
Jan 22- Liberty Media Corp, now in full control of Sirius XM Radio Inc, has gone ahead with its plans to replace the satellite radio provider's board by adding three of its own insiders. Three board members- Leon Black, Lawrence Gilberti and Jack Shaw- will leave, Sirius XM said in a statement on Tuesday.