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Apollo Global Management LLC

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  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...

  • June 16- Blackstone Group LP and Carlyle Group LP are making a joint bid for NCR Corp in a leveraged buyout worth more than $10 billion, including debt, making it this year's biggest, according to people familiar with the matter. Blackstone and Carlyle, the world's two largest private equity firms, have joined forces to outbid other buyout firms and acquire Duluth,...

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by the actual noteholders, which...

  • PARIS, June 7- Buyout firm Apollo Global Management has won the bidding for Saint-Gobain's Verallia glass bottle making unit, a source familiar with the situation said. Apollo, which has a number of other interests in France, could become a partner with Bpifrance, a French government sovereign wealth fund. Some 2,200 of Verallia's 10,000 employees are in France.

  • *Intel falls on Altera buy, weighs on Nasdaq, Dow and S&P. June 1- U.S. stocks were flat in choppy trading late on Monday morning, giving up their gains from a strong opening, as investors digested a slew of data that sent a mixed picture on the pace of the economy's recovery. Boston Fed President Eric Rosengren said he would like to begin raising rates as soon as possible,...

  • *Intel falls on Altera buy, weighs on S&P, Nasdaq. June 1- U.S. stock were choppy in early trading, giving up their gains from a strong opening, as investors digested a slew of data that sent a mixed picture on the pace of the economy's recovery. Boston Fed President Eric Rosengren said Monday that he would like to begin raising rates as soon as possible, but risks from the...

  • *Intel to buy Altera for $16.7 bln. June 1- Wall Street was set to open higher on the first day of the month, helped by an almost five percent rally in Chinese stock markets and ahead of a string of domestic economic data. "It's the first day of the month and news out of China is bullish," said Andrew Barber, chief market strategist at Eagleview Capital in Delaware.

  • May 27- As General Electric Co seeks to unload most of its finance assets, it is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday. We have to get those done quickly, " Keith Sherin, chief executive of GE Capital, told an investor...

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • LONDON, May 27- Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London's genteel Belgravia, several miles from the "Square Mile" City of London financial district where bankers work. "We operate more like a lender... we are...

  • Value investor: Bet on an eBay dividend Wednesday, 20 May 2015 | 7:28 AM ET

    Susan Byrne, founder and chairman of Westwood Holdings, is making a bet that eBay will likely issue a dividend following the spin off of PayPal.

  • May 11- Apollo Global Management Llc is in talks to buy ASG Security and combine it with another home security company it is acquiring, Protection 1, valuing them collectively at about $2 billion, people familiar with the matter said on Monday. Beltsville, Maryland- based ASG was acquired by Parthenon Capital in 2007. At the time it was the 11th largest security...

  • What matters to markets this week Monday, 4 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • 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...

  • Billionaire investors reveal their best ideas Tuesday, 28 Apr 2015 | 8:22 AM ET
    Leon Black

    Major private equity managers, including several billionaires, gave their best investment idea at the Milken conference.

  • 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...

  • Wall Street jets west for 'Davos with palm trees' Friday, 24 Apr 2015 | 11:54 AM ET
    Ken Griffin speaks at the 2013 Milken Institute Global Conference.

    The financial community—including Steve Schwarzman, Ken Griffin and Steve Cohen—will once again figure prominently at Milken.

  • 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.