Blackstone Group LP


  • Feb 23- Hedge fund Jana Partners LLC disclosed a 5.9 percent stake in Computer Sciences Corp and said it would continue talks with the IT services company about strategic alternatives and board composition. Computer Sciences stock closed up 7 percent on Monday, valuing the company at about $10 billion. The company had been in talks with private equity firms...

  • U.S. online marketplace for auto loans debuts Monday, 23 Feb 2015 | 2:59 PM ET

    NEW YORK, Feb 23- DriverUp, a U.S. online marketplace that allows hedge funds to invest directly in car loans, launched on Monday with a $50 million investment from venture capital firms. Before starting Sierra in 2012, Ellis founded Exeter Finance Corp, a subprime lender acquired by Blackstone Group LP in 2011.. Consumers took out $105 billion in auto loans in the...

  • Epic battle underway in the private equity world Tuesday, 17 Feb 2015 | 12:23 PM ET
    Steve Schwarzman, co-founder and CEO of Blackstone Group LP at the 2015 WEF in Davos, Switzerland.

    An all-time high of 2,209 private equity funds are currently seeking $811 billion from investors, according to new data.

  • In NYC, jobs come back without Wall Street Sunday, 15 Feb 2015 | 9:39 PM ET
    The penthouse at 432 Park Avenue is still on the market.

    New York City has created more jobs over the past 5 years than during any 5-year period in the last 50. What's missing? Wall Street. NYT reports.

  • UPDATE 1-Freescale Semiconductor explores sale -source Friday, 13 Feb 2015 | 11:33 AM ET

    The New York Post first reported that Freescale was working with investment banks to explore a sale. Freescale shares were up 8.5 percent at $37.66 in morning trading, giving it a market value of $11.5 billion. Freescale went public in 2011 after it was taken private in 2006 for $17.6 billion in a leveraged buyout by a group of private equity firms that included...

  • Feb 13- Chip maker Freescale Semiconductor has hired investment bankers to explore a possible sale, the New York Post reported, citing a source familiar with the situation. Last month, Bloomberg reported that Samsung Electronics may consider buying Freescale, which makes chips used in automobiles, consumer products, telecommunications infrastructure and...

  • Private equity firms scramble to hire young bankers Wednesday, 11 Feb 2015 | 7:29 AM ET

    They are only in their 20s, but some Wall Street bankers are the most sought-after around, with lucrative pay packages dangling before them.

  • China's aging population has this sector booming Tuesday, 10 Feb 2015 | 6:23 PM ET

    Investors are rushing into China's booming healthcare business as the country prepares to cater to hundreds of millions of elderly patients.

  • Feb 10- KKR& Co LP on Tuesday reported an 89 percent drop in fourth-quarter profit, much steeper than expected, becoming the latest alternative asset manager to report lower earnings because of plunging oil prices. Peer Apollo Global Management LLC said last week its fourth-quarter profit fell by 79 percent. Adding to its woes was U.S. oil and gas producer Samson...

  • Feb 10- Blackstone Group LP's PGI Specialty Materials Inc, which makes materials that are used in products ranging from diapers to disinfectant wipes, filed with U.S. regulators for an initial public offering of common stock. The company's customers include Procter& Gamble Co, Kimberly-Clark Corp and Cardinal Health Inc.. BofA Merrill Lynch, Citigroup,...

  • Blackstone-owned PGI Specialty Materials files for IPO Tuesday, 10 Feb 2015 | 6:27 AM ET

    Feb 10- PGI Specialty Materials Inc, owned by Blackstone Group LP, filed with U.S. regulators for an initial public offering of common stock. BofA Merrill Lynch, Citigroup, Jefferies and Goldman Sachs& Co are among the underwriters for the IPO, the company said in a preliminary prospectus filed with the U.S. Securities and Exchange Commission on Tuesday.

  • Lightning Round: Take the money and run on this! Wednesday, 4 Feb 2015 | 7:14 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Big money looking for smart plays on energy Wednesday, 4 Feb 2015 | 1:42 PM ET

    Hedge and private equity funds are worked up about the energy opportunity—and investors are starting to listen.

  • LONDON, Feb 4- Europe's commercial property market sizzled last year, as demand for real estate in Paris, buoyant second-tier British and German markets and strong private equity interest in Ireland and Spain sent deals to their highest level since the financial crisis. "Political and economic uncertainty in France deterred investors in 2012 and 2013,...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors. Sysco and US Foods are the only...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • Lightning Round: Need to listen to me & break up Thursday, 29 Jan 2015 | 7:36 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Cramer Remix: Don't bet against this stock Thursday, 29 Jan 2015 | 7:17 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer reveals which company’s worth banking on.

  • *Q4 ENI of $1.25 per share vs Street view of 92 cents. Jan 29- Blackstone Group LP, the world's largest alternative asset manager, said on Thursday it had reduced its exposure to oil prices and was eyeing new opportunities in the energy sector as it reported a 6 percent decline in fourth-quarter profit. Blackstone shares were flat in afternoon trading in New York at...

  • Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 10:13 AM ET

    Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.