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  • WASHINGTON, Aug 26- As the U.S. government's budget deficit has declined, so has anxiety about it in Congress and on the presidential campaign trail, but one family and the Washington "deficit hawk" community it bankrolls are unfazed. The Congressional Budget Office said on Tuesday the deficit will likely be $426 billion in fiscal 2015 and decline further to $414...

  • Aug 19- The owners of the Weather Channel have hired Morgan Stanley and PJT Partners Inc to explore a sale, Bloomberg reported, citing people familiar with the matter. The Weather Co, which began weighing a sale last year, is considering selling only its digital business, which has a much higher value than the cable network, the people told Bloomberg.

  • Aug 19- The owners of the Weather Channel have hired Morgan Stanley and PJT Partners Inc to explore a sale, Bloomberg reported, citing people familiar with the matter. The Weather Co, which began weighing a sale last year, is considering selling only its digital business, which has a much higher value than the cable network, the people told Bloomberg.

  • A torrent of $44 billion in high-yield debt and share sales in the first half of this year has slowed to a trickle with oil now at just above $42 a barrel, 30 percent below its June levels and 60 percent down from June 2014, and a more pessimistic view taking hold that global oversupply could keep oil cheap for years. "The capital markets showed up in force in the first...

  • Aug 12- Payment services provider Fidelity National Information Services Inc said it would buy privately held financial software maker SunGard Data Systems Inc for $9.1 billion, including debt. SunGard was bought for $11.4 billion in 2005 by Silver Lake Partners, TPG Capital, Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, KKR& Co and...

  • July 31- Plastic packaging products maker Berry Plastics Group Inc said it would buy Avintiv Inc, which makes materials used in products ranging from diapers to disinfectant wipes, for about $2.45 billion in cash from Blackstone Group LP. Berry Plastics' shares rose nearly 2 percent to $34 in trading before the bell on Friday. Avintiv has 23 locations in 14...

  • July 31- Berry Plastics Group Inc said it would buy Avintiv Inc, which makes materials used in products ranging from diapers to disinfectant wipes, for about $2.45 billion in cash from Blackstone Group LP.

  • UPDATE 1-Airbnb hires Blackstone CFO Tosi Friday, 24 Jul 2015 | 1:41 PM ET

    July 24- Airbnb Inc, the fast-growing online home rental website operator, said it hired Blackstone Group LP Chief Financial Officer Laurence Tosi as its finance head. Before that, he was chief operating officer of global markets and investment banking at Merrill Lynch& Co.. Bloomberg first reported Tosi's move on Thursday.

  • Airbnb hires Blackstone CFO Tosi Friday, 24 Jul 2015 | 12:51 PM ET

    July 24- Blackstone Group LP said Chief Financial Officer Laurence Tosi had resigned to become the CFO of online home rental website Airbnb Inc.. Tosi will replace Andrew Swain, who left Airbnb last September. Tosi's resignation is effective Aug. 7, Blackstone said in a regulatory filing.

  • NEW YORK July 23- A new offer by bondholders of Puerto Rico's public utility PREPA to refinance billions of dollars in debt was criticized by the utility on Thursday and deemed risky by others. Presented to PREPA on July 7 and made public on Thursday, the bondholders' plan would split about $8 billion of debt into two tranches, with one taking the form of capital...

  • NEW YORK, July 22- John McCormick has been on a mission for the past five years: to bring hedge funds to the masses. Traditional hedge funds, those lightly regulated investment pools open exclusively to large institutions and rich individuals, have been duds lately, trailing the U.S. stock market's performance every year since 2009 by an average of 10 percentage...

  • July 20- Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, First Eagle announced on Monday. Under the terms of the deal, private equity firm TA Associates is selling its entire stake in First Eagle and the family of...

  • July 20- Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, according to people familiar with the matter. New York- based First Eagle manages approximately $100 billion in investment assets. Private equity firm TA...

  • Nasdaq closes at record as Street cheers earnings Thursday, 16 Jul 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed near highs as investors focused on earnings beats amid progress towards near-term resolution in the Greek debt crisis.

  • July 16- Blackstone Group LP, the world's largest alternative asset manager, reported a 62 percent slump in second-quarter earnings on Thursday, yet performance fee revenue generated from selling assets surpassed many analysts' expectations. But investors cheered as the New York- based firm declared its third highest quarterly dividend of 74 cents per share,...

  • July 16- Blackstone Group LP, the world's largest alternative asset manager, reported a 62 percent slump in second-quarter earnings on Thursday, blaming weak global stock market markets that weighed on the value of some of its holdings. The New York- based firm said economic net income, a metric of its profitability that takes into account the mark-to-market...

  • Blackstone shares were down 2 percent at $40.50 in premarket trading in New York. The New York- based firm said economic net income, a metric of its profitability that takes into account the mark-to-market valuation of its portfolio, was $508 million in the second quarter, down from $1.33 billion a year ago. During the quarter, Blackstone completed a $14 billion...

  • Early movers: UNH, GS, EBAY, GRMN, BBT & more Thursday, 16 Jul 2015 | 8:10 AM ET
    Traders work on the floor of the New York Stock Exchange.

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

  • July 16- Blackstone Group LP, the world's largest alternative asset manager, reported a 62 percent slump in second-quarter earnings, blaming weak global equity markets that weighed on the value of some of its holdings. The New York- based firm said on Thursday economic net income, a metric of its profitability that takes into account the mark-to-market...

  • Apple ex-CEO John Sculley's 21st century revival Wednesday, 15 Jul 2015 | 7:00 AM ET
    John Sculley, former CEO, Apple

    More than two decades after leaving Apple, John Sculley is experiencing a revival as co-founder of Misfit Wearables and Zeta Interactive.