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Stocks rose slightly Wednesday after news third-quarter GDP grew slightly more than reported previously, but less than expected. BofA rose, while Intel fell.
Stephen A. Schwarzman, the chief executive of the Blackstone Group, is Paris-bound. Mr. Schwarzman will spend the next four to six months in France working on international opportunities for Blackstone. The New York Times reports.
So as M&A fever hits a milestone, it seems private equity senses the moment is ripe for a public debut. Yet Blackstone—which just Tuesday raised $15 billion in its largest-ever fund— has performed miserably as a public entity: trading at around $14 per share, down more than 50 percent from its IPO price of $31. So why are some money managers seeing opportunity in private equity stocks this time around?
Stock index futures pointed to a mixed open for Wall Street Wednesday, with home sales data and a final figure for third-quarter economic growth among the main macroeconomic highlights.
Stocks rallied to new highs as the S&P 500 Index reached its highest close since Lehman Brothers went bankrupt in September 2008 amid light trading and several strong earnings reports. Bank of America and JPMorgan rose, while 3M fell.
Stocks reached new highs on modest gains Tuesday amid light trading and a series of good earnings reports and in the absence of key economic data. JPMorgan and Bank of America rose, while 3M fell.
Although there may be great opportunities abroad in countries like China, some firms are instead focused on activism here in the United States.
Stocks rose as a series of strong earnings reports, coupled with M&A activity, gave a lift to market sentiment. JPMorgan and AmEx rose.
U.S. stock index futures gained ahead of the open Tuesday, following a mixed close in the previous session, as a clutch of strong earnings after the bell helped to boost investor sentiment.
Stocks traded mixed ahead in lackluster trading, although the S&P 500 and the Nasdaq hit new two-year highs on thin gains amid a lack of economic news. Alcoa and 3M rose, while American Express fell.
Stocks traded narrowly mixed amid thin trading and a lack of economic news as stocks struggled to move beyond recent highs. 3M and Alcoa rose, while AmEx fell.
Stocks slumped after opening higher as the dollar rose, but trading was light at the start of a holiday week. AmEx and Boeing sank, while BofA rose.
Here's why you should keep a close eye on these six stocks.
U.S. stock index futures rose ahead of the open Monday, but trading was light at the beginning of the week before Christmas.
Cramer explains why you want to be in this stock sooner rather than later.
Stocks closed narrowly mixed, as technology and bank stocks gained strength and drug stocks fell, amid more evidence of a recovering economy in the U.S. and passage of a bill extending Bush-era tax cuts. American Express fell, while Boeing rose.
The balance of financial power is moving towards emerging markets, such as Asia and Latin America, James McCaughan, CEO of Principal Global investors, of one of the largest asset management firms, told CNBC on Friday.
It's been an extremely choppy year for markets, and hedge funds have been no exception. Even though the S&P is on pace to be up about eleven percent, many hedge funds are lagging, with the industry average hovering closer to 4 percent, according to hedge fund research. Nonetheless, there were some standout performances.
Stocks continued to trade mixed despite further evidence of a recovering economy and passage of a bill extending Bush-era tax cuts, as strong earnings by tech leaders nudged the Nasdaq slightly higher. Merck fell, while Boeing rose.
Stock futures struggled to find direction ahead of the open Friday despite Congress' decision to extend of the Bush-era tax cuts late Thursday as investors weighed the implications of a downgrade of Irish debt.
NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.
Dec 11- British bus and rail operator FirstGroup Plc has received a letter from one of its biggest shareholders, urging the company to sell its U.S. businesses in order to pay down debt, the Financial Times reported.
Bruce Wrobel, who until recently ran Blackstone Group's Sithe Global Power unit, has died.