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Apollo Global Management LLC

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  • Apollo-backed Prestige Cruises withdraws IPO plan Monday, 12 Jan 2015 | 12:34 PM ET

    Jan 12- Prestige Cruises International Inc, backed by private equity firm Apollo Global Management LLC, filed with U.S. regulators to withdraw its plan for an initial public offering.

  • Jan 12- A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments. Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15. Caesars Entertainment Corp...

  • Why big banks may be vulnerable to oil price drop Monday, 12 Jan 2015 | 5:43 AM ET
    Pedestrians pass in front of a Wells Fargo & Co. bank branch in New York

    Why banks that have exuberantly extended credit to oil companies may feel the pinch of tanking oil.

  • Sass bets on airline, hedge fund stock Monday, 12 Jan 2015 | 12:00 AM ET
    A ground crewmember prepares to push back an American Airlines Boeing 737-823 jet at a terminal at  Miami International Airport.

    Martin D. Sass' stock picks are trades in three popular sectors: airlines, pharmaceuticals and asset management.

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • These stocks are biggest winners from oil meltdown Tuesday, 23 Dec 2014 | 8:00 AM ET

    Morgan Stanley picks the biggest winners from this year's collapse in oil prices.

  • SYDNEY, Dec 22- Spanish infrastructure giant Ferrovial SA tore up a sweetened $830 million offer for Australia's Transfield Services Ltd, putting the contractor under pressure to show it can thrive as the country's mining boom grinds to a halt. The shares fell to A $1.63 by mid-afternoon, their lowest since before Ferrovial made its initial A $1.95- per-share...

  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • BC Partners lands PetSmart in $8.7 bln buyout Sunday, 14 Dec 2014 | 5:03 PM ET

    PetSmart agreed to sell itself to a private equity consortium for $8.7 billion, in the largest leveraged buyout of the year.

  • WASHINGTON, Dec 13- Apollo Global Management is nearing a buyout of PetSmart Inc for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources. "New York- based Apollo is in late-stage talks to buy PetSmart for about $8 billion following an auction process that has been under way...

  • LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers. A spokesman for GSK, which was being advised on the disposal by Lazard, declined to give any more details. Bidders, who had been hoping to clinch a deal before the end of the year,...

  • The highly effective habits of superinvestors Tuesday, 2 Dec 2014 | 7:29 AM ET
    Wealth wealthy

    Research shows that the wealthy investor with $10 million in investable assets has highly concentrated holdings and less than 25% in stocks.

  • KKR, CD&R prepare joint bid for PetSmart: Sources Tuesday, 18 Nov 2014 | 7:17 PM ET

    Buyout firms KKR & Co LP and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday.

  • 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.

  • 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.

  • 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.