Some of the names on the move ahead of the open.» Read More
MELBOURNE, July 29- Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia to China Molybdenum Co Ltd for $820 million, as the global miner looks to slash costs and cut debt.
*Q2 dividend 42 cents per share vs 13 cents per share last year. NEW YORK, July 26- KKR& Co LP said on Friday that its second-quarter earnings declined by 74 percent as a lower appreciation in its private equity funds overshadowed a quadrupling in the cash it received from the profits its funds generated.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
*Apollo, Providence dismissed from case, eight remain. Harrington rejected requests by Bain Capital Partners LLC, Blackstone Group LP, Carlyle Group LP, Goldman Sachs Group Inc's private equity arm, KKR& Co, Silver Lake Partners, Thomas H. Lee Partners LP and TPG Capital Management LP to be dismissed from the lawsuit.
District Judge Edward Harrington in Boston on Thursday said there are open issues as to whether eight other defendants were part of an "overarching" conspiracy to drive down prices on roughly a quarter trillion dollars of takeovers.
Check out which companies are making headlines after the bell Tuesday:
Some of the names on the move ahead of the open.
China's export figures are not good news for GDP figures, which will be released on Sunday night.
HONG KONG, July 10- A record $6 billion Asia fund announced by U.S. private equity firm KKR& Co on Wednesday will be deployed at a time when an economic slowdown and emerging market sell-off has knocked the overall value of Asia Pacific corporations to historic lows.
KKR & Co raised $6 billion for its third Asia private equity fund, equipping the firm with the largest such fund in the region.
HONG KONG, July 10- KKR& Co raised $6 billion for its third Asia private equity fund, equipping the firm with the largest such fund in the region at a time when market turmoil is creating both opportunities and challenges for foreign investors.
HONG KONG, July 10- KKR& Co has raised $6 billion in a new Asia private equity fund, making it the region's biggest buyout fund, the U.S.-based firm said in a statement on Wednesday. The Asian II Fund marks KKR's third private equity fund-raising in the region, following a $4 billion fund raised in 2007 and a $1 billion China Growth Fund in 2010, the statement added.
Liberty Media's John Malone might be the most popular billionaire roaming the Sun Valley Resort as deal making returns to the spotlight.
NEW YORK, July 1- Steinway Musical Instruments Inc., the 160- year-old manufacturer of pianos, saxophones and trumpets, said on Monday it had agreed to be acquired by private equity firm Kohlberg& Co. in a deal valued at about $438 million.
NEW YORK, June 27- Mergers and acquisitions around the world slowed to their most sluggish pace since 2009 in the first half of 2013, Thomson Reuters data shows, as recession-hit European companies put the brakes on transactions and their healthier U.S. counterparts took a cautious approach amid market uncertainty.
June 24- Funds managed by KKR& Co LP will buy clinical research group PRA International from Genstar Capital LLC for an undisclosed amount, PRA said on Monday, underscoring growing private equity interest in the contract research industry.
NEW YORK, June 19- Former NATO Supreme Allied Commander Wesley Clark has joined Blackstone Group LP as a senior adviser on energy investments.
NEW YORK, June 18- SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on Tuesday.
The deal with Yashili, which sources all of its products from New Zealand, marks the latest step by China's milk industry to consolidate the market after several tainted milk scandals tarnished the fragmented sector. Mengniu is offering HK $3.50 in cash to Yashili's shareholders, which includes the Carlyle Group and Yashili's chairman.
Private-equity firm Carlyle Group is preparing to launch a U.S. real estate fund and hopes to raise as much as $4 billion, The Wall Street Journal reported.