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Blackstone Group LP

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  • UPDATE 1-Carlyle's second-quarter earnings double Wednesday, 30 Jul 2014 | 10:28 AM ET

    *Q2 post-tax ENI of 73 cents/ share vs estimated 74 cents. July 30- Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.

  • The man responsible for Hilton's grand turnaround Wednesday, 30 Jul 2014 | 3:02 AM ET

    McLEAN, Va.— Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Between his wife, six daughters, friends, neighbors and relatives, there are often 40 people dining. "I'm not a gourmet chef," Nassetta says.

  • How private equity firms dodge broker-dealer regs Saturday, 26 Jul 2014 | 11:00 AM ET

    As regulatory regimes go, oversight of broker-dealers is much stricter than it is for investment advisers.

  • *Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents. NEW YORK, July 24- Private equity firm KKR& Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, close to most analysts' expectations, as a string of lucrative asset sales led to its highest dividend on record.

  • KKR's second-quarter asset sales yield record payout Thursday, 24 Jul 2014 | 8:05 AM ET

    *Post-tax Q2 ENI per unit of 62 cents vs Street view of 50 cents. KKR said post-tax economic net income per adjusted unit was 62 cents in the second quarter, up from 18 cents a year ago and higher than the 50 cents average forecast by analysts in a Thomson Reuters poll.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the company at about $2.57 billion at the top end. The company's major customers include Pfizer Inc, Johnson& Johnson, GlaxoSmithKline Plc, Merck& Co Inc and Novartis AG.

  • July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the health technology company at about $2.57 billion at the top end. Catalent's IPO of 42.5 million shares is expected to raise about $935 million at the top end of the expected price range.

  • Blackstone Group 2Q profit more than doubles Thursday, 17 Jul 2014 | 12:50 PM ET

    NEW YORK— The Blackstone Group saw second-quarter profit more than double, buoyed by strong performance fee growth. The New York private equity firm earned $517 million, or 65 cents per unit, for the quarter.

  • Early movers: UNH, MSFT, BX, MS, EBAY, YUM & more Thursday, 17 Jul 2014 | 7:38 AM ET

    Some of the names on the move ahead of the open.

  • NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.

  • Will earnings tell the story markets need to hear? Sunday, 13 Jul 2014 | 6:21 PM ET
    Traders work the floor of the New York Stock Exchange before the closing bell in New York.

    Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.

  • July 11- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.

  • July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.

  • Paramount has an estimated enterprise value of between $10 billion and $15 billion, including debt, the people said this week. Representatives for Paramount did not immediately return requests for comment.

  • Blackstone's new hedge fund     Monday, 30 Jun 2014 | 12:41 PM ET

    Private equity firm Blackstone is ramping up its footprint in the hedge fund business, reports CNBC's Kate Kelly.

  • Why Rand Paul is palling around with Wall Street Friday, 27 Jun 2014 | 2:01 PM ET
    Rand Paul

    Rand Paul is cozying up to Wall Street to give the impression he is establishment enough to run strong in 2016, POLITICO's Ben White says.

  • June 27- Shares of Michaels Cos Inc fell as much as 2.1 percent in their return to the market, valuing the biggest U.S. arts and crafts retailer at about $3.4 billion.

  • Crafts retailer Michaels raises $473 million in IPO Friday, 27 Jun 2014 | 5:58 AM ET
    Reusable shopping bags are displayed beneath a checkout counter at a Michaels craft store in Cincinnati, Ohio.

    Michaels said it had raised about $472.6 million in its initial public offering after pricing shares at $17, the lower end of an expected range.

  • *Prices IPO at lower-end of the $17- $19 range. June 26- The Michaels Cos Inc's raised about $472.6 million in its initial public offering after pricing shares at $17, the lower end of an expected range, the New York Times reported on Thursday, citing two people briefed on the matter.