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Apollo Global Management LLC

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  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • Caesars Entertainment's unit files for bankruptcy Thursday, 15 Jan 2015 | 4:26 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and several affiliates in the U.S. Bankruptcy Court for the Northern District of Illinois.

  • Markets split on endgame for Caesars' looming bankruptcy Wednesday, 14 Jan 2015 | 7:17 PM ET

    Jan 14- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out. "The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out," said Chris Snow, an analyst with CreditSights.

  • Craft-retail site Etsy may seek Q1 IPO: Report Tuesday, 13 Jan 2015 | 7:32 PM ET
    Chad Dickerson, CEO of Etsy

    Etsy is mulling a plan to take the company public, Bloomberg reported, citing sources with knowledge of the matter.

  • UPDATE 1-Prestige Cruises withdraws IPO plan Monday, 12 Jan 2015 | 1:14 PM ET

    Jan 12- Prestige Cruises International Inc, which was bought by Norwegian Cruise Line Holdings Ltd in a $3 billion deal in September, filed with U.S. regulators to withdraw its plan for an initial public offering. Prestige Cruises, which operates under the Oceania and Regent Seven Seas brands in the upper premium and luxury segments, was created by Apollo Global...

  • CORRECTED-Prestige Cruises withdraws IPO plan Monday, 12 Jan 2015 | 12:55 PM ET

    Jan 12- Prestige Cruises International Inc filed with U.S. regulators to withdraw its plan for an initial public offering.

  • Jan 12- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company. The involuntary bankruptcy petition was filed by affiliates of Appaloosa Management, Oaktree Capital Management and...

  • 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.

  • 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.

  • 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.