“There’s an enormous deal coming next week and I think you should try to get a piece of it,” said Jim Cramer.» Read More
Partners of private equity firm Blackstone Group may have devised a way to avoid payingtax on $3.7 billion raised largely in the firm's initial public offering last month, the New York Times reported on Friday.
Shares in Whitbread jumped about 6% to 1,925 pence on Wednesday as traders cited talk that U.S. property investor Starwood Capital Group was about to launch an offer for the U.K. company.
Private equity corporate raiders who have so far sidestepped the mining sector despite widespread consolidation, could soon reset their sights, global accounting and consulting firm Ernst & Young said on Wednesday.
BHP Billiton, the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa, London's Times newspaper said on Tuesday.
Starbucks, CNOOC, ValueClick and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks ended a holiday-shortened trading week higher as investors shrugged off rising interest rates. The Dow ended the week up 1.4%, the S&P 500 rose 1.6%, while the Nasdaq Composite closed with a weekly gain of 2.2%.
Warm weather and corporate announcements were some of the catalysts behind the most actively traded stocks on Friday.
Stocks closed mixed as investors were encouraged by a strong batch of merger news but gains were held in check by rising interest rates. "The key for the market right now is the ability to digest the fact that the 10-year has moved out of that range that we've enjoyed between 4.5% and 5%," said Russ Koesterich, head of investment strategy at Barclays Global Investors.
While Wall Street coasted into a sleepy pre-holiday finish on Tuesday, options in Hilton Hotels were actively traded as shares of Hilton rose in the abbreviated trading session.
David Tice, portfolio manager at the Prudent Bear Fund, told CNBC’s “Morning Call” the merger and acquisitions market is like a “boiled frog” and near a market top. But Eugene Peroni, senior vice president of equity research at Advisors Asset Management, thinks opportunity still abounds.
U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies.
European stock markets were slightly higher Wednesday, following a lackluster session in Asia.
Stocks ended a holiday-shortened session with modest gains following mixed economic data and crude oil prices that stretched above $71. "The two days before the July 4 holiday are usually good for the market," said Michael Sheldon, chief market strategist at Spencer Clarke. "There are some headwinds, but overall the atmosphere is generally positive for the second half."
As I write this, Blackstone shares are up more than 1%, but still below $30 a share and below the offering price. And the grave dancers who have been predicting the LBO boom say: See? We're right! Investors don't want to bet on Steve Schwarzman anymore. But it's hard to bet against a master dealmaker like Schwarzman--one day after the biggest LBO on record, BCE, is announced. So let's play devil's advocate here.
Carlyle Capital Corporation confirmed on Tuesday it had cut the price and the number of shares in its initial public offering (IPO), a move it has put down to "headwinds" in the market.
U.S. private equity firm Blackstone Group is in talks to buy a $400 million stake in China National BlueStar Group, a state-owned chemical company, the Asia Wall Street Journal reported on Tuesday.
Spooked by higher interest rates and troubles in the subprime residential mortgage market, commercial real estate investors and lenders are rethinking some deals that would have sailed through just six months ago.
Stocks edged higher for the week, closing out a solid first half, but there was little to celebrate going into the July 4th holiday.
Stocks closed a wild trading session modestly lower, but the Dow still managed to end the quarter with a three-month gain of 8.5%. "It was a little all over the place today, but I was happy to see the rally at the end of the day," said Joe Ranieri, managing director of Nasdaq trading at Canaccord Adams.
As the Wall Street bulls struggled with worries about credit market conditions, brokerage stocks as measured by the AMEX Securities Broker/Dealer Index were among the weakest of the stock groups on Friday.