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Apollo Global Management LLC

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  • The company's owner, private equity firm Apollo Global Management LLC, has held talks with investment banks about the IPO, though their underwriter roles will not be finalized before the summer, four people said this week. It competes with Pearson Plc and Cengage Learning Inc, and, like its peers, has sought to make most of its offerings available on the Internet as...

  • CHICAGO, April 29- A judge on Wednesday allowed the operating unit of Caesars Entertainment Corp to control its bankruptcy for another month, as creditors try to reach common ground with a court-appointed investigator probing the company's pre-bankruptcy dealings. An independent examiner has been tapped to investigate whether the company's equity...

  • April 24- SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter. GE is working with Citigroup Inc to sell the business, which is expected to be worth $10 billion, the...

  • Why activist investing is not a fad: Meister Monday, 13 Apr 2015 | 1:48 PM ET
    Keith Meister, CEO of Corvex Capital.

    Activism will change over time, but the general idea of investors expressing ideas and helping to create value is not a fad, Keith Meister tells CNBC.

  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • March 31- YouTube pioneer Michelle Phan, who built a business empire around her popular makeup tutorials, on Tuesday debuted a global online network devoted to beauty, fashion and lifestyle that features original series by her and other creators. Phan launched the ICON network with Endemol Beyond, a premium channel network owned by Endemol Shine Group.

  • LISBON, March 24- Seven institutions, including the euro zone's largest listed bank, Santander, have presented non-binding bids for Portugal's Novo Banco, the successor to Banco Espirito Santo after a state rescue last year. Portuguese authorities hope to sell Novo Banco soon to recover the funds injected last August in the 4.9 billion euro rescue operation...

  • March 16- Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, according to people familiar with the matter. Apollo has so far prevailed over rival Cerberus Capital Management LP in the auction for Digital First Media, the...

  • SYDNEY, March 15- A consortium of private equity firm KKR& Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A $8.2 billion. "GE Capital is one of the most respected providers of consumer finance in Australasia," said Ed Bostock, director of KKR Australia.

  • March 12- A U.S. bankruptcy judge on Thursday ordered an independent examiner to investigate transactions by the operating unit of Caesars Entertainment Corp, which filed for Chapter 11 this year. Creditors have alleged that the operating unit is unable to pay its debts because the parent company looted it for the benefit of its controlling private equity...

  • Someone's getting rich on your kids' test scores Wednesday, 11 Mar 2015 | 2:45 PM ET
    Student Allison Ramirez asks for help in a fourth-grade math class at Piney Branch Elementary School in Takoma Park, Md., where teachers are training themselves to teach students in a new style of learning math to prepare them for more rigorous education standards under Common Core.

    Controversy around Common Core hasn't stopped companies like Pearson, McGraw-Hill and Apple from cashing in on huge education contracts.

  • March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year. The plan was filed on Monday when the parent company Caesars...

  • SINGAPORE, March 4- As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. The New York- based private equity firm had generated "great but not spectacular" gains in its investments in clean tankers, vessels that carry...

  • Caesars' operating unit files bankruptcy exit plan Tuesday, 3 Mar 2015 | 12:20 PM ET

    March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year or more. The plan was filed on Monday when the parent company Caesars...

  • Cramer Remix: Where's the Nasdaq bubble? Monday, 23 Feb 2015 | 7:02 PM ET
    Jim Cramer on the set of Mad Money

    As Apple hits new highs, "Mad Money" host Jim Cramer is betting on it to lift the Nasdaq.

  • Lightning Round: Don't listen to this CEO Monday, 23 Feb 2015 | 6:50 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Private equity firms scramble to hire young bankers Wednesday, 11 Feb 2015 | 7:29 AM ET
    Businessman giving money

    They are only in their 20s, but some Wall Street bankers are the most sought-after around, with lucrative pay packages dangling before them.

  • Feb 10- KKR& Co LP on Tuesday reported an 89 percent drop in fourth-quarter profit, much steeper than expected, becoming the latest alternative asset manager to report lower earnings because of plunging oil prices. Peer Apollo Global Management LLC said last week its fourth-quarter profit fell by 79 percent. Adding to its woes was U.S. oil and gas producer Samson...

  • Feb 4- Private equity firm Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to people familiar with the matter. Apollo, which took Great Wolf private in 2012 for $703 million, is working with Goldman Sachs Group Inc and Deutsche Bank AG on a so-called...

  • Big money looking for smart plays on energy Wednesday, 4 Feb 2015 | 1:42 PM ET
    Oil gas Russia

    Hedge and private equity funds are worked up about the energy opportunity—and investors are starting to listen.