Blackstone Group LP


  • Jan 2- Linn Energy LLC cut its 2015 capital budget by 53 percent to $730 million, joining other oil and gas producers in reducing expenditure in response to falling oil prices. Linn Energy shares were up about 16.6 percent at $11.81 in afternoon trading on Friday, after having fallen nearly 12 percent in premarket trading. Linn Energy also said GSO Capital...

  • The 10 biggest fund flops of the year Tuesday, 30 Dec 2014 | 9:00 AM ET

    Of the 204 ETFs that launched in 2014, 92 gained less than $10 million each in assets—a pretty high flop ratio. Here's the biggest losers.

  • WASHINGTON, Dec 13- Apollo Global Management is nearing a buyout of PetSmart Inc for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources. "New York- based Apollo is in late-stage talks to buy PetSmart for about $8 billion following an auction process that has been under way...

  • Schwarzman: Energy a 'wonderful' opportunity Thursday, 11 Dec 2014 | 3:56 PM ET
    Stephen Schwarzman

    The head of private equity giant Blackstone spoke at the DealBook Conference in New York Thursday.

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Blackstone's Wien: 'Favorable trends' in 2015 Monday, 8 Dec 2014 | 10:38 AM ET
    Byron Wien

    Blackstone Group economic prognosticator Byron Wien thinks there's plenty of reason for optimism in 2015.

  • Early movers: CBST, MRK, EBAY, SBUX, INFY & more Monday, 8 Dec 2014 | 7:52 AM ET
    Traders on the floor of the New York Stock Exchange.

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

  • Early Movers: SHLD, LB, EXPR, ARO, TWX & more Thursday, 4 Dec 2014 | 7:52 AM ET
    A trader works on the floor of the New York Stock Exchange.

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

  • NEW YORK, Dec 4- Blackstone Group LP's No. 2 executive Tony James is considering taking a role outside the world's largest alternative asset manager, including seeking a top job in a future U.S. government, according to people familiar with his thinking. The move would be the biggest change in Blackstone's leadership since co-founder and Chief Executive Stephen...

  • Dealmaking is only in the 5th inning: Schwarzman Wednesday, 3 Dec 2014 | 8:29 AM ET
    Steve Schwarzman, co-founder, chairman and chief executive officer of Blackstone Group LP.

    Blackstone Group's Steve Schwarzman also tells CNBC: "I don't think the Fed will throw us into a next recession."

  • Private equity's core interest  Wednesday, 3 Dec 2014 | 7:17 AM ET

    Steve Schwarzman, Blackstone chairman & CEO, shares his thoughts on private equity and hedge funds.

  • Pulse of M&A on the Street: Blackstone CEO  Wednesday, 3 Dec 2014 | 7:14 AM ET

    There's a lot of liquidity in the market, says Steve Schwarzman, Blackstone chairman & CEO, discussing deal making on Wall Street and the impact of Fed policy on M&A activity and the economy. Also Schwarzman shares his thoughts on private equity, hedge funds and real estate

  • Early Movers: WMT, FDX, PCLN, RCL, GLW & more Tuesday, 2 Dec 2014 | 7:56 AM ET
    Traders on the floor of the New York Stock Exchange.

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

  • The highly effective habits of superinvestors Tuesday, 2 Dec 2014 | 7:29 AM ET

    Research shows that the wealthy investor with $10 million in investable assets has highly concentrated holdings and less than 25% in stocks.

  • Dec 1- Blackstone Group LP said it would sell its U.S. industrial platform IndCor Properties to affiliates of Singapore sovereign wealth fund GIC Pte Ltd for $8.1 billion. As a result of the deal, IndCor will no longer be pursuing an initial public offering, Blackstone said in a statement. IndCor was formed in 2010 as a portfolio company of Blackstone and has a...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...

  • Tokyo, Nov 21- Blackstone Group LP, the world's largest private equity investor in real estate, said it will buy residential assets in Japan from General Electric Co' s property unit in a deal worth more than 190 billion yen, Japan's largest property deal this year. Blackstone will buy more than 10,000 apartment units in 200 properties in Japan's largest cities...

  • Nov 20- Blackstone Group LP, the world's largest alternative asset manager, said it will buy residential assets in Japan from GE Japan Corp for more than 190 billion yen. The business owns and operates more than 200 residential properties in Tokyo, Osaka, Nagoya and Fukuoka. "This transaction supports our global strategy to reduce our equity book as we continue to...

  • Blackstone chases Buffett with new 'core' fund Wednesday, 19 Nov 2014 | 7:08 AM ET
    Stephen Schwarzman

    Blackstone has reached out to its biggest fund clients about a new investment vehicle with a longer investment horizon than the typical 10-year fund.

  • SYDNEY, Nov 19- Australian explosives maker Orica Ltd said on Wednesday it had agreed to sell its chemicals business to funds advised by U.S. private equity firm Blackstone Group LP for A $750 million. Orica also reported a 2 percent increase in full-year statutory net profit to A $602.5 million, from A $592.5 million, and said that volatility and uncertainty in...