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Blackstone Group LP

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  • Nov 3- Hilton Worldwide Holdings Inc, the world's largest hotel operator, said Blackstone Group LP would reduce its stake in the company by 14 percent to about 57 percent. The shares are worth $2.27 billion, based on Hilton's closing price of $25.24 on Friday. Blackstone had a stake of 66 percent, valued at $15.10 billion, in Hilton as of June 30, according to a U.S....

  • Midday movers: Aetna, Geron, Loews & more Monday, 3 Nov 2014 | 12:56 PM ET

    Some of Monday's midday movers:

  • ISTANBUL, Nov 3- Turkey's largest food group Yildiz Holding has bought UK- based cookies and snacks maker United Biscuits, in a deal it said made it the world's third-biggest biscuit maker and would help it expand into new markets. "We want to grow United Biscuits to be a global player as part of Yildiz," said Murat Ulker, chairman of Yildiz Holding.

  • Nov 3- Hilton Worldwide Holdings Inc, the world's largest hotel operator, said Blackstone Group LP would reduce its stake in the company by 9 percent to 57 percent. The shares are worth $2.27 billion, based on Hilton's closing price of $25.24 on Friday. Blackstone had a stake of 66 percent, valued at $15.10 billion, in Hilton as of June 30, according to a U.S. Securities...

  • Hilton says Blackstone to cut stake in by 9 pct Monday, 3 Nov 2014 | 11:19 AM ET

    Nov 3- Hilton Worldwide Holdings Inc, the world's largest hotel operator, said Blackstone Group LP would reduce its stake in the company by 9 percent to 57 percent. The shares are worth $2.27 billion, based on Hilton's closing price of $25.24 on Friday. Blackstone had a stake of 66 percent, valued at $15.10 billion, in Hilton as of June 30, according to a U.S. Securities...

  • Publicis to buy US-based Sapient for $3.7 billion Monday, 3 Nov 2014 | 10:53 AM ET
    Publicis CEO Maurice Levy stands on the the floor of the New York Stock Exchange a day after announcing that Omnicom Group and Publicis Groupe will merge to form the world's largest advertising holding company on July 29, 2013 in New York City.

    Publicis has agreed to acquire Sapient in an all-cash transaction for $25 per share, valuing the U.S. digital advertising specialist at $3.7 billion.

  • Blackstone-led group unloads $2.27B in Hilton stock Monday, 3 Nov 2014 | 8:19 AM ET
    Tyler Henritze, senior managing director of real estate for Blackstone, attends the initial price offering (IPO) of Hilton Worldwide (HLT) on the floor of the New York Stock Exchange shortly after the opening bell on December 12, 2013 in New York City.

    Shareholders associated with the Blackstone Group are set to launch a massive secondary offering of Hilton Worldwide stock, the company said.

  • Whatever Gorman meant by "optimize," the commodities staff interpreted it as "not good for my career at Morgan Stanley. "According to KBW analyst Brian Kleinhanzl, who rates Morgan Stanley a" market perform, "optimize means" cutting people or exiting products altogether that are unprofitable. "As we have previously stated, Morgan Stanley is committed to a...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • Peer KKR& Co LP reported a 17 percent decline in third-quarter pretax profit earlier this month, while Blackstone Group LP reported an 18 percent rise. This translated into post-tax ENI of 55 cents per adjusted unit in the third quarter of 2014, slightly ahead of the average analyst estimate of 54 cents in a Thomson Reuters poll. Asset sales included Beats...

  • SEC boosts scrutiny of private equity performance Wednesday, 29 Oct 2014 | 7:15 AM ET

    The SEC is examining how private equity firms report a key metric of their past performance, as the regulator boosts scrutiny of the industry.

  • Including the general partner's money in the average net returns can inflate the fund's average net performance figure, and the SEC is investigating whether private equity fund managers properly disclose whether they are doing that or not, the sources said. An SEC spokeswoman declined to comment. The SEC's focus on the average net IRR disclosures, which has...

  • Blackstone seeks $13B for real estate fund: Report Tuesday, 28 Oct 2014 | 8:34 AM ET

    Blackstone, the world's largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship fund.

  • Your first trade for Tuesday Monday, 27 Oct 2014 | 6:33 PM ET

    The "Fast Money" traders share their final trades of the day.

  • NEW YORK, Oct 27- Blackstone Group LP, the world's largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship global real estate fund, in line with its predecessor fund, according to people familiar with the matter. Its latest fund, Blackstone Real Estate Partners VII, which raised $13.4 billion in 2012, reported a...

  • NEW YORK, Oct 23- Private equity firm KKR& Co LP reported a lower-than-expected 27 percent year-on-year drop in third-quarter profit on Thursday, as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments. KKR's steep earnings drop was driven by a lower appreciation of its private equity investments...

  • 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 backs 'utility scale' wind, solar power Tuesday, 21 Oct 2014 | 6:07 PM ET

    Mega investment firm Blackstone Group announced a new partnership to identify and to develop North American renewable power projects.

  • *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...