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AIG to Sell Its Blackstone Stake? - Analyst Blog
Monday, January 3, 2011 - 3:30pm | 982In an attempt to repay the government bailout, American International Group Inc. (AIG) is planning to dispose its $510 million stake in The Blackstone Group (BX). According to the SEC filing, AIG had acquired 7% stake in Blackstone by investing $150 million in July 1998. In addition, during the...
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Allstate Sues BofA on MBS Purchase (revised) - Analyst Blog
Monday, January 3, 2011 - 3:30pm | 596On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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Allstate Sues BofA on MBS Purchase (revised) - Analyst Blog
Monday, January 3, 2011 - 2:59pm | 596On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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AIG to Sell Its Blackstone Stake? - Analyst Blog
Monday, January 3, 2011 - 2:53pm | 982In an attempt to repay the government bailout, American International Group Inc. (AIG) is planning to dispose its $510 million stake in The Blackstone Group (BX). According to the SEC filing, AIG had acquired 7% stake in Blackstone by investing $150 million in July 1998. In addition, during the...
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What's Hot on TheStreet
Monday, January 3, 2011 - 12:02pm | 324Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet AIG's Fate Became a Wall Street Battleground When American International Group (NYSE: AIG) got into trouble more than two years ago, it turned to Blackstone (NYSE: BX) as one of the few Wall Street players it...
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David M. Goldman Named Vice President, Corporate Development & General Counsel of Gabelli Funds
Monday, January 3, 2011 - 9:10am | 59GAMCO Investors, Inc. (NYSE: GBL) today named David M. Goldman Vice President, Corporate Development and General Counsel of Gabelli Funds, LLC, the adviser to GAMCO's registered investment companies which consists of $16.6 billion in AUM as of September 30, 2010. Mr. Goldman will report directly to...
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Benzinga's Political Roundup
Friday, December 31, 2010 - 1:05pm | 106Steve Rattner will pay $10 million to settle kickback allegations involving New York's pension fund. AIG (NYSE: AIG) may be preparing to sell its stake in Blackstone (NYSE: BX), which is worth $510 million, as it continues to pay back the U.S. government. The FDA approved 21 drugs this year, the...
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What's Going On At Capitol Hill?
Friday, December 31, 2010 - 11:16am | 223Dodd-Frank is seeing a lot of attention recently from Wall Street's elite and Washington policy maker are joining them, as they discuss what exactly will happen next year. According to New York Times (NYSE: NYT) DealBook, Elizabeth Warren, who will run the new Consumer Financial Protections Bureau...
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Allstate Sues BofA on MBS Purchase - Analyst Blog
Thursday, December 30, 2010 - 4:33pm | 592On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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Allstate Sues BofA on MBS Purchase - Analyst Blog
Thursday, December 30, 2010 - 4:08pm | 592On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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Groupon's IPO Set To Debut As Early As Next Year
Thursday, December 30, 2010 - 11:33am | 92Groupon Inc., which operates the local-coupon website bearing its name, is preparing for an initial public offering (IPO) of stock as early as the end of next year, the New York Times Dealbook blog reported Thursday. The Chicago-based company is negotiating financing commitments from Fidelity...
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Stifel Nicolaus Raises PT On TROW
Thursday, December 30, 2010 - 8:50am | 53Analysts at Stifel Nicolaus raise their price target on T. Rowe Price Group Inc (NASDAQ: TROW) from $59 to $74. Stifel Nicolaus has a “buy” rating on TROW. TROW shares fell 0.73% to close at $63.91 yesterday. More Analyst Ratings here
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US Stock Futures Slightly Up As Investors Await Employment And Manufacturing Data
Thursday, December 30, 2010 - 7:25am | 305US stock futures are slightly higher this morning, ahead of employment and manufacturing data. Futures for the Dow Jones Industrial Average gained 4 points to 11,536, while futures for the S&P 500 rose 0.5 point to 1,256.20. Futures for the Nasdaq 100 added 1.75 points to 2,230.25. US stock...
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Stocks To Watch For December 30 (UAL, ENDP, URZ, BX, CVM)
Thursday, December 30, 2010 - 4:13am | 210Some of the stocks that may grab investor focus today are: United Continental Airlines (NYSE: UAL) reported that fleet service employees at its Continental unit have ratified a new contract reached with the International Brotherhood of Teamsters. UAL shares gained 0.17% to $23.50 in after-hours...
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Blackstone Bids On Centro Properties Group (BX)
Wednesday, December 29, 2010 - 4:23pm | 41In an update from an earlier story, Blackstone (NYSE: BX) bid Centro Properties Group, according to the online version of The Wall Street Journal. Shares of Blackstone rose 1.9% to $14.40, a gain of 27 cents.