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Blackstone Group LP

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  • NEW YORK, Oct 22- Apollo Global Management LLC plans to start raising between $2 billion and $3 billion for a second natural resources private equity fund, sources familiar with the situation said, in the latest sign that the firm is doubling down on the U.S. shale boom. The firm's first resources fund, the Apollo Natural Resources Partners, has now almost fully...

  • Blackstone creates new renewable energy firm Tuesday, 21 Oct 2014 | 12:38 PM ET

    The Blackstone Group will partner on a new push to develop utility scale wind and solar power projects in North America. Blackstone is teaming up with Matthew Roseblum, the founder and CEO at Solops, to create Onyx Renewable Partners. Shares of Blackstone Group LP rose 3 percent to $30.32 by midday, ahead of broader market gains.

  • *Third-quarter ENI 66 cents per share; Wall Street view 72 cents. Oct 16- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported lower-than-expected third-quarter earnings, but said it was well positioned to profit from market jitters and put more of its $42.3 billion in undrawn investor capital to work. Blackstone, whose...

  • *Assets under management at $284 billion at end September. Third-quarter ENI 66 cents per share; Wall Street view 72 cents. Oct 16- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported lower-than-expected third-quarter earnings, but said it was well positioned to profit from market jitters and put more of its $42.3 billion in...

  • Oct 16- Blackstone Group LP, the largest publicly listed alternative asset manager, reported an 18 percent rise in third-quarter profit on Thursday, missing many analysts' expectations. Blackstone, whose investments include the Weather Channel, shoemaker Crocs Inc and SeaWorld Entertainment Inc, said economic net income, a metric of profitability that takes...

  • Market fear factors could linger Thursday Wednesday, 15 Oct 2014 | 7:57 PM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    After Wednesday’s market turbulence, traders will be watching Thursday’s economic reports for any further indications the U.S. economy is running into headwinds.

  • NEW YORK, Oct 10- Blackstone Group LP said on Friday it would spin off its advisory units into a company headed by star Wall Street investment banker Paul Taubman, to avoid potential conflicts of interest in the sprawling private equity empire. The new publicly traded company could be valued at $1 billion to $2 billion, a person close to Blackstone said.

  • Midday movers: Blackstone Group, Tesla Motors & more Friday, 10 Oct 2014 | 12:40 PM ET

    Some of Friday's midday movers:

  • Oct 10- Blackstone Group LP said it would spin off its M&A, restructuring and private equity fundraising advisory businesses to avoid conflicts, combining them with the advisory firm of Morgan Stanley investment banking veteran Paul Taubman. Blackstone's advisory businesses being spun out account for a tiny fraction of the New York firm's earnings,...

  • Blackstone Group to spin off financial advisory unit Friday, 10 Oct 2014 | 10:41 AM ET
    Paul Taubman

    Blackstone announced plans to spin off its financial advisory business, its restructuring services, and its Park Hill fund businesses into one entity.

  • Oct 10- Blackstone Group LP said on Friday it would spin off its M&A, restructuring and private equity fundraising advisory businesses and combine them with the financial advisory firm of Morgan Stanley veteran Paul Taubman, in a move to avoid conflicts. Taubman, who left Morgan Stanley in 2012, has been behind some of the biggest deals of the past few years,...

  • Blackstone to spin off financial advisory services Friday, 10 Oct 2014 | 8:49 AM ET

    NEW YORK— Blackstone Group is spinning off its financial advisory business and combining it with financial advisory firm PJT Partners. The investment firm will also spin off its restructuring and reorganization advisory services group and its Park Hill fund placement businesses to PJT. Shares of Blackstone Group LP, based in New York, declined 62 cents, or 2...

  • Blackstone cuts controversial fees Wednesday, 8 Oct 2014 | 2:08 PM ET
    Stephen A. Schwarzman, Chairman and CEO, The Blackstone Group, USA.

    One of the world's largest private equity firms is dropping a controversial type of fee it charges clients.

  • Oct 8- Windy Cove Energy LLC said it received a $700 million equity investment from Blackstone Group LP, funds the company will use to buy mature oilfields that it will flood with carbon dioxide to free trapped oil and gas. U.S. companies such as Denbury Resources Inc, Whiting Petroleum Corp and privately held Roosevelt Resources LP inject carbon dioxide into...

  • Waldorf becomes most expensive hotel ever sold Monday, 6 Oct 2014 | 11:40 AM ET

    The famed Waldorf Astoria hotel, famously called "the greatest of them all," is now the most expensive of them all, after selling for $1.95 billion.

  • Who will change the world in the next 25 years? Monday, 6 Oct 2014 | 7:01 AM ET
    Facebook CEO, Mark Zuckerberg

    Meet a contingent of leaders and innovators that CNBC believes will have the greatest influence on business and society in 25 years.

  • Jonathan Gray Monday, 6 Oct 2014 | 6:18 AM ET

    Global head of real estate, Blackstone Group

  • NEW YORK, Oct 2- Mortgage credit remains. For example, at Boston- based real-estate lender Edward Voccola& Co. clients who borrow to buy rental properties must simply provide identification, the property address and the expected annual rent. The Mortgage Bankers Association's Mortgage Credit Availability Index, which measures the ease of obtaining a home loan,...

  • Vivint, which is controlled by Blackstone Group LP, and SolarCity allow homeowners to lease solar systems rather than buying them outright, helping fuel the growth. SolarCity controls more than a third of the U.S. residential solar market, with Vivint trailing with a 15 percent share.

  • New debt crisis fear: Subprime auto loans Wednesday, 1 Oct 2014 | 12:18 PM ET

    Investigations into lending practices and concerns about the exits of investors have some warning that trouble could lie ahead.