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Options Brief: Janus Capital Group Inc. (JNS)
Thursday, March 3, 2011 - 12:52pm | 84Shares of Janus Capital Group Inc. (NYSE: JNS) are higher on the session by 4.06%, trading at $13.32. Overall put volume is now running at 49.50x the daily average, with 0% of all puts traded being purchases on the offer. 5,000 contracts have traded on the session so far. Janus Capital Group Inc....
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Options Brief: Franklin Resources (BEN)
Thursday, March 3, 2011 - 11:56am | 92Shares of Franklin Resources (NYSE: BEN) are higher on the session by 2.07%, trading at $126.25. Overall put volume is now running at 2.76x the daily average, with 53% of all puts traded being purchases on the offer. 1,188 contracts have traded on the session so far. Franklin Resources, Inc. is a...
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Pre-Market Mover:(BX) New year high triple top in low $18.00 range..
Thursday, March 3, 2011 - 9:28am | 20Pre-Market Mover:(BX) New year high triple top in low $18.00 range..
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Citi Initiates Coverage On Blackstone Group At Buy With $23.50 PT
Thursday, March 3, 2011 - 9:05am | 198Citi initiates Blackstone Group (NYSE: BX) at Buy with a conservatively-built $23.50 sum-of-the- parts 12-month target & Medium risk rating. Established in 1985, BX is a NY based $140B in AUM publicly traded alternative Asset Manager partnership, including $44B in Private Equity; $33B in Real...
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Citigroup Initiates Blackstone Group At Buy, $23.50 PT
Thursday, March 3, 2011 - 7:57am | 28Citigroup has initiated coverage on Blackstone Group, LP (NYSE: BX) with a Buy rating and $23.50 price target.
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Citigroup Opens BX With Buy
Thursday, March 3, 2011 - 7:57am | 70Analysts at Citigroup initiate coverage of Blackstone Group LP (NYSE: BX) with a “buy” rating. The target price for BX is set to $23.50. BX shares gained 0.29% to close at $17.56 yesterday. <a href="http://www.benzinga.com/analyst-ratings">More...
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Citi's Consumer Lending Unit Attracting Plenty Of Interest
Thursday, March 3, 2011 - 2:38am | 230Citigroup (NYSE: C), the third-largest U.S. bank by assets, is shopping its U.S. consumer-lending unit, a business CEO Vikram Pandit put up for sale earlier this year, and there is apparently no shortage of interested suitors. BlackRock (NYSE: BLK), the world's largest asset manager, and private-...
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UPDATE: Goldman Sachs Raises Its PT, Reiterates Buy On Fortress Investment Group Following Earnings Beat
Wednesday, March 2, 2011 - 10:56am | 172Fortress Investment Group (NYSE: FIG) reported DEPS of $0.20 versus Goldman's $0.13 estimate, and the Street's $0.14. Pre-tax distributable earnings came in at $125 mn, ahead of Goldman's $79 mn estimate. The upside was driven by better-than-expected incentive income of $145 mn, a delta of $0.08 to...
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Hertz and Renault Partner to Bring Electric Vehicles to European Rental Markets
Wednesday, March 2, 2011 - 10:48am | 80The Hertz Corporation (NYSE: HTZ) has signed a Letter of Intent to add Renault's new and innovative range of electric vehicles (EV) to the fleets of Hertz and car sharing club Connect by Hertz across Europe. Hertz will be one of the first rental operators to offer Renault's Twizy for hire, and will...
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State Street Announces Senior Notes Offering
Wednesday, March 2, 2011 - 9:53am | 56State Street Corporation (NYSE: STT) today announced that it has commenced a public offering of senior notes. The offering is being conducted pursuant to an effective registration statement under the Securities Act of 1933. Morgan Stanley and BofA Merrill Lynch are acting as joint book-running...
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Oppenheimer Reports Stronger Than Expected Incentive Fees For Fortress Investment Group
Wednesday, March 2, 2011 - 9:02am | 102In a report published by Oppenheimer, Fortress Investment Group's (NYSE: FIG) 4Q10 results saw stronger than expected incentive fees and solid fund performances. According to Oppenheimer, FIG reported $0.24 of distributable earnings per dividend unit for 4Q10, exceeding our estimate of $0.18. “The...
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Options Brief: Fortress Investment Group (FIG)
Tuesday, March 1, 2011 - 12:31pm | 71Shares of Fortress Investment Group (NYSE: FIG) are lower on the session by 4.17%, trading at $6.43. Overall call volume is now running at 3.77x the daily average, with 48% of all calls traded being purchases on the offer. 2,566 contracts have traded on the session so far. Fortress Investment...
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Fast Money Picks For March 1st (FCX, MTL, BX, LUNFM, DO)
Monday, February 28, 2011 - 8:19pm | 234On CNBC's Fast Money, Brian Kelly said that there is a shortage of copper, and investors should buy Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on Tuesday. Freeport-McMoRan Copper & Gold Inc. (FCX) gained 0.95% on Monday. Tim Seymour recommended a long position in Mechel OAO (ADR) (...
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Blackstone To Buy Centro Malls For $9.4 Billion (BX)
Monday, February 28, 2011 - 3:49pm | 247Steve Schwarzman led private equity firm the Blackstone Group (NYSE: BX) has struck a deal to buy nearly 600 U.S. based strip malls and other properties from Australia's Centro Property Group for around $9.4 billion. According to sources, the PE firm beat out a rival bid from a consortium which...
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Invesco Acquires Retail Properties from Thor Equities
Monday, February 28, 2011 - 9:37am | 89Invesco Real Estate (NYSE: IVZ) today announces it has recently made two retail acquisitions. Invesco purchased a 19,700 square foot retail condominium property in the Broadway Retail Corridor of New York City's SoHo neighborhood. Located at 512 Broadway, the property is 100% leased through May...