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Apollo Global Management LLC

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  • NEW YORK, Nov 18- Buyout firms KKR& Co LP and Clayton, Dubilier& Rice LLC have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday, as the auction for the pet food retailer heats up. KKR and CD&R are planning to submit a joint bid for PetSmart next month, the people said. PetSmart shares traded up 2.2 percent on...

  • Private equity bets on 'revolution'—in oil and gas Monday, 17 Nov 2014 | 2:23 PM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Private equity is betting that gas and oil—notrenewables like wind and solar—will continue to dominate as energy sources in 25 years.

  • Hostess brand owners exploring sale: Sources Friday, 14 Nov 2014 | 7:49 AM ET

    The private equity owners of Hostess Brands are planning to put the maker of Twinkies and Ding Dongs up for sale, potentially valuing it at more than $1.7B.

  • NEW YORK, Nov 13- The private equity owners of Hostess Brands LLC are planning to put the maker of Twinkies and Ding Dongs up for sale in early 2015, potentially valuing it at more than $1.7 billion, including debt, according to people familiar with the matter. Apollo Global Management and C. Dean Metropoulos, which bought Hostess Brands out of bankruptcy for $410...

  • LONDON, Nov 13- Apollo Global Management is planning to bid for all GlaxoSmithKline's mature drugs, joining an auction expected to value the business at more than $3 billion, according to four people familiar with the process. GSK, Britain's biggest drugmaker, is looking to divest its mature prescription medicine products sold in North America and western...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • Making junk-rated loans to companies that are often owned by private equity firms is a lucrative, high-margin business for major Wall Street banks. Leveraged loans accounted for $254.7 billion, or 74.7 percent, of criticized assets in the 2014 review, compared with $227 billion, or 75 percent, of criticized assets in 2013, the Federal Reserve, the Federal...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. Economic net income after taxes was $48 million versus $550.9 million a year earlier. This translated into ENI...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • SEC boosts scrutiny of private equity performance Wednesday, 29 Oct 2014 | 7:15 AM ET

    The SEC is examining how private equity firms report a key metric of their past performance, as the regulator boosts scrutiny of the industry.

  • Including the general partner's money in the average net returns can inflate the fund's average net performance figure, and the SEC is investigating whether private equity fund managers properly disclose whether they are doing that or not, the sources said. An SEC spokeswoman declined to comment. The SEC's focus on the average net IRR disclosures, which has...

  • Street practice Jon Huntsman ‘doesn’t like much’ Tuesday, 28 Oct 2014 | 5:58 PM ET
    Jon M. Huntsman Sr., right, in 2012

    In his dealings with Wall Street, billionaire Jon Huntsman Sr. told CNBC there's something he doesn't like much.

  • Lightning Round: Yahoo!, Nokia & more Friday, 19 Sep 2014 | 6:47 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Midday movers: AOL, Cerner, Ralph Lauren & More Wednesday, 6 Aug 2014 | 1:13 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Some of Wednesday's midday movers:

  • A warning sign? Traders say it's time for caution Thursday, 8 May 2014 | 9:59 AM ET
    Traders work on the floor of the New York Stock Exchange.

    The selling in the Nasdaq and small cap names is making some traders nervous, and some say it's a time to be wary while the once sizzling names burn.

  • 'Danger signs are there' for credit bubble: Pro Wednesday, 30 Apr 2014 | 12:19 PM ET
    Marc Rowan, senior managing director of Apollo Global Management LLC, speaks at the annual Milken Institute Global Conference in Beverly Hills, Calif., May, 2011.

    Another credit bubble is being inflated, according to a senior private equity executive.

  • Why CEO 'supersalaries' may be out of control Monday, 14 Apr 2014 | 7:13 AM ET

    Corporate America’s well-oiled compensation machine is running like a dream.

  • Apollo Global President Marc Spilker to step down Thursday, 20 Mar 2014 | 11:26 AM ET

    Private equity firm Apollo Global Management said Marc Spilker would step down as president and member of the executive committee.

  • Chuck E. Cheese owner mulls Dave & Buster's bid Thursday, 13 Mar 2014 | 6:38 PM ET
    Dave & Buster's Restaurant in New York City.

    Private equity firm Apollo Global, which recently acquired Chuck E Cheese, is reportedly mulling a deal to buy Dave & Buster's, Bloomberg reported.