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Brookfield Business Partners L.P. - BBU STOCK NEWS

Welcome to our dedicated news page for Brookfield Business Partners L.P. (Ticker: BBU), a resource for investors and traders seeking the latest updates and insights on Brookfield Business Partners L.P..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Brookfield Business Partners L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Brookfield Business Partners L.P.'s position in the market.

Rhea-AI Summary
Brookfield Business Partners invites you to their 2024 First Quarter Conference Call & Webcast on May 3, 2024, to discuss results and business initiatives. They focus on owning high-quality businesses and offer investment options through BBUC and BBU.UN.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
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Rhea-AI Summary
Brookfield Business Partners (BBU) filed its 2023 annual reports, including audited financial statements, with the SEC and Canadian securities authorities. The company focuses on owning high-quality businesses in global business services and industrials sectors. Investors can choose to invest in the corporation (BBUC) or the limited partnership (BBU.UN). Brookfield Business Partners is part of Brookfield Asset Management, a global alternative asset manager with over $900 billion in assets under management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
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Rhea-AI Summary
Brookfield Business Partners (BBU) achieved a successful 2023 with strong business performance, generating over $2 billion of proceeds from capital recycling initiatives. The net income attributable to Unitholders for the year ended December 31, 2023 was $1,405 million compared to $98 million in the prior year. Adjusted EBITDA for the same period was $2,491 million compared to $2,254 million in 2022. The Business Services segment generated Adjusted EBITDA of $900 million in 2023, compared to $641 million in 2022. The Industrials segment generated Adjusted EBITDA of $855 million in 2023, compared to $879 million in 2022. The Infrastructure Services segment generated Adjusted EBITDA of $853 million in 2023, compared to $872 million in 2022. The Adjusted EFO for the year ended December 31, 2023 reflected increased contribution from all three operating segments, and included $2,006 million in after-tax net gains primarily related to the sale of the nuclear technology services operation in the Infrastructure Services segment and the sale of public securities in the Industrials segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
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Rhea-AI Summary
Everise (Ticker: EVRSE) completes investment from Warburg Pincus, valuing the company at around $1 billion. The company has rapidly grown into one of the fastest-growing end-to-end customer experience solutions providers in the healthcare services outsourcing industry, with a workforce of 19,000 customer service agents spread out across eight markets. Everise plans to accelerate its growth trajectory with the support of Warburg Pincus and Brookfield, aiming to move up the healthcare value chain and expand its global footprint and workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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Rhea-AI Summary
Everise (Ticker: EVRSE) completes investment from Warburg Pincus, valuing the company at around $1 billion. The company has rapidly grown into one of the fastest-growing end-to-end customer experience solutions providers in the healthcare services outsourcing industry, with a workforce of 19,000 customer service agents spread out across eight markets. Everise plans to accelerate its growth trajectory with the support of Warburg Pincus and Brookfield, aiming to move up the healthcare value chain and expand its global footprint and workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
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Rhea-AI Summary
Brookfield Business Partners (BBU; BBU.UN) invites you to join its 2023 Fourth Quarter Conference Call & Webcast on Friday, February 2, 2024, at 10:00 a.m. (Eastern Time) to discuss the company's results and current business initiatives. Results will be released prior to 8:00 a.m. (Eastern Time) on the same day and will be available on the company's website. Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have the flexibility to invest in the company through Brookfield Business Corporation (NYSE, TSX: BBUC) or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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none
Rhea-AI Summary
Brookfield Asset Management (BAM) and Brookfield Business Partners (BBU) complete the sale of Westinghouse Electric Company, generating approximately $1.4 billion in proceeds. The sale follows a five-year repositioning of Westinghouse to refocus the business, strengthen its organizational structure, and reinvest for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
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Rhea-AI Summary
Brookfield Asset Management and Brookfield Business Partners have received all required regulatory approvals to close the sale of Westinghouse Electric Company to a consortium of Cameco Corporation and Brookfield Renewable Partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.56%
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Rhea-AI Summary
Brookfield Business Partners reported strong financial results for the third quarter of 2023, with record quarterly Adjusted EBITDA and an agreement to sell an interest in Everise at a valuation of 3.5x the original investment. The company is focused on progressing initiatives to support growth, including the imminent sale of Westinghouse.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.56%
Tags
earnings
Rhea-AI Summary
Warburg Pincus to invest in Everise, valuing the company at around $1 billion. Both investors aim to accelerate growth through expansion and M&A. Transaction expected to close by end of 2023. Positive growth prospect in healthcare customer experience industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
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Brookfield Business Partners L.P.

NYSE:BBU

BBU Rankings

BBU Stock Data

1.64B
48.35M
3.96%
79.5%
0.01%
Commercial and Institutional Building Construction
Construction
Link
Bermuda
Hamilton

About BBU

brookfield office properties is a global office property company that owns, manages, and develops premier assets in the world's most dynamic and resilient markets. the company's signature properties define the skylines of dynamic cities around the globe including new york, washington, d.c., houston, los angeles, toronto, calgary, london, sydney and perth. brookfield office properties is a subsidiary of brookfield property partners, a publicly traded bermuda-based partnership listed under the ticker symbol bpy on the new york stock exchange and bpy.un on the toronto stock exchange. from brookfield places in new york city, toronto and perth, to bankers hall in calgary and bank of america plaza in los angeles, brookfield office properties' distinguished portfolio attracts major financial, energy, government and professional services organizations which have high credit ratings and maintain long-term leases. the company’s performance through the years is distinguished by strong, consiste