The "Fast Money" traders share their final trades of the day.» Read More
MCLEAN, Va.— Hilton Worldwide Holdings Inc.' s second-quarter earnings rose 35 percent and topped Wall Street expectations. The McLean, Virginia, hotelier said Friday it earned $209 million, or 21 cents per share, in the three months that ended June 30.
*Dubai World proposes to make 1st big repayment early, delay 2nd. DUBAI, Aug 1- Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals.
*Q2 post-tax ENI of 73 cents/ share vs estimated 74 cents. July 30- Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.
McLEAN, Va.— Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Between his wife, six daughters, friends, neighbors and relatives, there are often 40 people dining. "I'm not a gourmet chef," Nassetta says.
As regulatory regimes go, oversight of broker-dealers is much stricter than it is for investment advisers.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents. NEW YORK, July 24- Private equity firm KKR& Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, close to most analysts' expectations, as a string of lucrative asset sales led to its highest dividend on record.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 50 cents. KKR said post-tax economic net income per adjusted unit was 62 cents in the second quarter, up from 18 cents a year ago and higher than the 50 cents average forecast by analysts in a Thomson Reuters poll.
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the company at about $2.57 billion at the top end. The company's major customers include Pfizer Inc, Johnson& Johnson, GlaxoSmithKline Plc, Merck& Co Inc and Novartis AG.
July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the health technology company at about $2.57 billion at the top end. Catalent's IPO of 42.5 million shares is expected to raise about $935 million at the top end of the expected price range.
Some of the names on the move ahead of the open.
NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.
Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.
July 11- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.
July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.
Paramount has an estimated enterprise value of between $10 billion and $15 billion, including debt, the people said this week. Representatives for Paramount did not immediately return requests for comment.
Private equity firm Blackstone is ramping up its footprint in the hedge fund business, reports CNBC's Kate Kelly.
Rand Paul is cozying up to Wall Street to give the impression he is establishment enough to run strong in 2016, POLITICO's Ben White says.
June 27- Shares of Michaels Cos Inc fell as much as 2.1 percent in their return to the market, valuing the biggest U.S. arts and crafts retailer at about $3.4 billion.
Michaels said it had raised about $472.6 million in its initial public offering after pricing shares at $17, the lower end of an expected range.