Blackstone Group LP


  • Russia 'hard place' for PE: Blackstone CEO     Wednesday, 19 Mar 2014 | 8:11 AM ET

    Steve Schwarzman, Blackstone Group CEO, shares his thoughts on investing in Russia. We've looked but we haven't found anything at this point, says Schwarzman.

  • Housing's big pop is out: Blackstone CEO     Wednesday, 19 Mar 2014 | 8:04 AM ET

    Steve Schwarzman, Blackstone Group CEO, shares his thoughts on the housing sector and explains why he is cashing in on profits now. For us an exposure in the $7-$8 billion range is big enough.

  • NEW YORK, March 19- U.S. investment bank JPMorgan has agreed to sell its physical commodities business to Mercuria, sources close to the deal said on Wednesday, catapulting the Swiss trade house into the top tier of commodities traders. JPMorgan in London declined to comment on the matter, while Mercuria could not be reached immediately for comment.

  • LONDON, March 17- Glencore Xstrata could reach an agreement as soon as this week over the sale of its large Peruvian copper mine Las Bambas to a Chinese consortium led by Minmetals, two sources with knowledge of the situation said.

  • Obama feels the Wall Street love at swanky event Wednesday, 12 Mar 2014 | 10:38 AM ET
    Barack Obama

    Obama's approval rating may have hit a new low, but he still attracted big money Democrats at a fundraiser in Manhattan.

  • VANCOUVER/ TORONTO, March 9- Private equity firms are going underground. In the past, they have largely shunned mining acquisitions, as the volatility of commodities prices and cash flow made it difficult to structure leveraged deals.

  • March 7- U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common shares as its private equity owners look to cash out. The company, which was taken private for $11.4 billion in 2007, said BofA Merrill Lynch, Goldman Sachs and J.P. Morgan were the lead underwriters to the offering.

  • PATNA, India, March 4- Ravindra Kishore Sinha built India's largest security business from a garage in the dirt-poor state of Bihar.

  • 'Zero' chance 76ers would move to New Jersey Monday, 3 Mar 2014 | 12:21 PM ET
    Philadelphia 76ers co-owner David Blitzer (far left), Allen Iverson and 76ers co-owner Joshua Harris in 2012.

    Blackstone's David Blitzer weighed in on the team he co-owns and other investing topics at a conference Friday.

  • March 3- Apollo Global Management LLC Chief Executive Officer and co-founder Leon Black received $369.4 million in dividends and pay from his private equity and credit investment firm in 2013, up 105 percent from 2012, a regulatory filing showed on Monday.

  • NEW YORK, March 1- Veteran food industry investor C. Dean Metropoulos is seeking a new owner for Pabst Brewing Co, best known for blue collar-turned-hipster favorite Pabst Blue Ribbon label, people familiar with the matter said.

  • Feb 28- Blackstone Group LP Chief Executive Stephen Schwarzman's earnings from dividends and pay soared by 75 percent to $374.5 million in 2013, underpinning his firm's strong profits in real estate, private equity, credit and hedge funds, the company's annual report showed on Friday.

  • Brace yourselves, the IPO deluge is coming Friday, 28 Feb 2014 | 8:46 AM ET
    Twitter CEO Dick Costolo takes a photo with his smartphone at the Twitter IPO launch.

    Traders are about to enter initial public offering offering heaven. Over the next two months, dozens of tech companies will float stock.

  • Early movers: BBY, JCP, TIVO, GM, TSLA, LB & more Thursday, 27 Feb 2014 | 7:55 AM ET
    Traders work on the floor of the New York Stock Exchange.

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

  • NEW YORK, Feb 25- Cooper-Standard Holdings Inc is weighing a merger with rival TI Automotive, looking to combine the world's two largest suppliers of fluid systems for cars and trucks, according to people familiar with the matter.

  • Feb 20- Cylance Inc, a cyber security startup founded by McAfee Inc's former global chief technology officer, said it received $20 million in funding from an investor group led by Khosla Ventures and Blackstone Group.

  • Early movers: WMT, PEP, FB, TSLA & more Thursday, 20 Feb 2014 | 7:34 AM ET

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

  • Feb 20- Private equity firm Blackstone Group LP and Singapore sovereign wealth fund GIC are in advanced talks to acquire a minority stake in Kronos Inc that could value the resources management software firm at around $4.5 billion, two people familiar with the matter said on Wednesday.

  • Wall Street gears up to spend big on 2014 election Wednesday, 19 Feb 2014 | 3:19 PM ET
    From left: Paul Singer and Tom Steyer

    Some of the biggest names on Wall Street are quietly preparing to do battle over elections this year.

  • Peer Blackstone Group LP reported an 11.5 percent rise in the same quarter, Apollo Global Management reported a 9 percent rise and KKR& Co LP reported an 8.4 percent rise.

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