- Reuters•26 minutes ago
LONDON/JOHANNESBURG, Oct 27 (Reuters) - Shares in Anglo American are up more than 200 percent this year, like prices of the coking coal it mines, and yet the group is sticking to an overhaul accelerated when commodity markets were rock bottom and it was in deep trouble. Now that Anglo American is the best performing blue chip on the London Stock Exchange and some minerals have rebounded, shareholders want the firm to achieve top prices as it sells swathes of its bulk commodities business under a strategy of concentrating on high value minerals. Since last December's announcement that Anglo American would offload three-fifths of its assets and focus on diamonds, platinum and copper, the rally in bulk commodity prices has transformed the market mood.
- The Wall Street Journal•15 hours ago
Apollo Global Management is betting against some corporate bonds on the theory that their value is being inflated by ETF and other index buyers who are glossing over differences between individual borrowers....
- American City Business Journals•yesterday
More than $100 million in cost reductions proposed for Rackspace Hosting Inc. by the private equity company buying it may be just the beginning, records on file with the U.S. Securities and Exchange Commission show. In September, New York City-based Apollo Global Management LLC suggested cuts of $100 million to $120 million could be reached by April 2017 if such a process was launched right away. During a late September presentation, that consultant suggested to Rackspace's board of directors up to $386 million of cuts in operating and capital expenditures to reduce expenses and boost the tech company's profits.
Apollo Global Management, LLC (APO)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||16.39 x 500|
|Ask||18.80 x 1800|
|Day's Range||17.92 - 18.41|
|52wk Range||12.35 - 19.18|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||18.97|
|Avg Vol (3m)||700,226|
|Dividend & Yield||1.48 (8.15%)|