Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.» Read More
Nov 12- Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock.
Sept 4- Newcastle Investment Corp bought a group of News Corp newspapers, formerly known as the Ottaway chain, for $87 million including $33 million of debt, the company said on Wednesday. News Corp announced the sale on Tuesday, but did not disclose the terms of the deal.
Sept 3- Rupert Murdoch's News Corp said on Tuesday that it has sold Dow Jones Local Media Group to a unit of Fortress Investment Group for an undisclosed sum. The move has been in the works by News Corp ever since it acquired in 2007 Dow Jones, also the publisher of the Wall Street Journal.
Sept 3- News Corp said it sold its Dow Jones Local Media Group, which includes eight daily and 15 weekly newspapers, to a unit of Fortress Investment Group LLC. Financial terms of the deal were not disclosed.
NEW YORK, Aug 1- Fortress Investment Group on Thursday reported its profit almost tripled in the second quarter as double-digit returns in its hedge funds and a solid performance in its credit funds led to higher incentive income.
NEW YORK, Aug 1- Fortress Investment Group's pre-tax distributable earnings rose significantly in the second quarter as strong performance across its various fund offerings led to higher incentive income.
The bulls are piling into Fortress Investment as two big events loom on its calendar.
Finally, a way for young Wall Streeters to talk to each other without the SEC, FBI or the boss finding out what they're saying and doing.
Fortress Investment pulled back yesterday, and the bulls piled in.
Gold is a "classic bubble" and could go drop to $500 an ounce, Fortress Investment's Michael Novogratz tells CNBC. "Once bubbles pop, they go all the way down," he says.
Stocks could go down 10 to 15 percent as soon as the Fed tightens its bond buying, but the "fat, dumb and happy" central bank won't do that just yet, a strategist tells CNBC.
We're heading into the end of the heavy period of earnings season. Next week more than a quarter of the S&P 500 is set to report, including big names in media.
Keep buying pullbacks in the stock market until the three most influential Fed policymakers "change their tune," Fortress Investment Group's Michael Novogratz told CNBC.
t’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Cramer makes the call on viewer favorites.
*Prelios picks Feidos over U.S. fund Fortress. MILAN, Oct 11- Loss-making property manager Prelios has chosen Italian consortium Feidos over U.S. fund Fortress for exclusive talks on a rescue deal, it said on Thursday. Feidos's offer for Prelios envisages a 135 million-euro share issue, a source close to Prelios's board told Reuters on Thursday.
--New York- based alternative asset management company Fortress Investment Group. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services raised its long-term counterparty credit rating on FIG LLC to' BBB' from' BBB-'. Accordingly, we analyze the entire Fortress Investment Group to arrive at our rating on FIG LLC.
Oct 9- Fortress Investment Group:. *Says pays off all remaining corporate debt. of $189.3 million as of June 30, 2012.
MILAN, Oct 8- The board of loss-making Italian real estate group Prelios will meet on Thursday, a person familiar with matter said, as it seeks to secure a rescue deal after being brought low by writedowns on property investments in a weak economy.
U.S. stocks rose for a fourth session on Thursday following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis and in support of the euro. **COLLABRX INC, $6.9, up 83.3 pct.