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Blackstone Group LP

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  • *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...

  • 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.

  • Oct 1- Shares of Vivint Solar Inc, the second-largest installer of residential solar panels in the United States, rose as much as 9 percent in their market debut on the New York Stock Exchange, valuing the company at about $1.84 billion.

  • Vivint Solar shares rise as much as 9 pct in debut Wednesday, 1 Oct 2014 | 10:04 AM ET

    Oct 1- Shares of Vivint Solar Inc, the second-largest installer of residential solar panels in the United States, rose as much as 9 percent in their market debut on the New York Stock Exchange, valuing the company at about $1.84 billion.

  • Fed caution about rate hike right move: Ray Dalio Wednesday, 1 Oct 2014 | 9:55 AM ET
    Ray Dalio, Bridgewater Associates

    Ray Dalio, founder of the world's biggest hedge fund Bridgewater Associates, says the Fed should wait for inflation signs before hiking interest rates.