Blackstone Group LP


  • Mortgage lender Northern Rock confirmed Monday it is discussing options with several interested parties, but gave no details of the bidders or their proposals.

  • Northern Rock Extends Retail Deposit Guarantee Tuesday, 9 Oct 2007 | 6:10 AM ET

    Troubled U.K. mortgage lender Northern Rock announced Tuesday a deal with British financial authorities to extend guarantees for retail deposits that will enable it to explore a possible sale through the beginning of next year.

  • European Stocks Close Lower, Technology Weighs Monday, 8 Oct 2007 | 12:03 PM ET

    European indexes finished in negative territory Monday as SAP's acquisition of Business Objects led the technology sector lower and basic-resource stocks dipped on falling commodity prices.

  • Goldman in Talks to Buy C-BASS Loan Servicing Unit Thursday, 4 Oct 2007 | 6:57 AM ET

    Goldman Sachs Group, which recently said it saw opportunities in the beaten-down mortgage industry, is in talks to buy the subprime servicing business of Credit-Based Asset Servicing and Securitization, people familiar with the situation said.

  • Mixed Market Messages Thursday, 20 Sep 2007 | 4:02 PM ET
  • Cadbury Rejects Drinks Bid Due to Financing: Sources Friday, 14 Sep 2007 | 8:32 AM ET
    Dr. Pepper

    Britain's Cadbury Schweppes rejected a private equity bid for its North American drinks unit over the terms rather than price after it was asked to finance a third of the deal, industry sources said on Friday.

  • Stocks On The Move: Blackstone, eBay... Wednesday, 12 Sep 2007 | 1:17 PM ET

    Following are the day's biggest winners and losers. Find out why shares of Blackstone (BX), eBay (EBAY) and General Motors (GM) popped while Countrywide Financial (CFC) and King Pharmaceuticals (KG) dropped.

  • Private Equity Party Over? Tuesday, 11 Sep 2007 | 11:00 AM ET

    Private equity giant KKR has reportedly made a concession to the banks financing its $26 billion buyout of First Data (FDC). Meanwhile, tougher lending terms amid the credit crunch, sent Blackstone (BX) to another low Monday. Is the party completely over for private equity?

  • Blackstone Agrees to Buy 20% of China BlueStar Monday, 10 Sep 2007 | 8:18 AM ET

    Blackstone Group has agreed to buy 20 percent of chemical maker China National BlueStar (Group) Corp for up to $600 million, the private equity groups said on Monday, marking its first major investment in the fast-growing market.

  • Nevada Denies Plea to Delay Coal Power Plants Sunday, 9 Sep 2007 | 12:35 PM ET

    The Nevada Environmental Commission Friday denied a request by environmental groups to delay approval of permits for three big coal-fired power plants, environmental groups and state officials said.

  • Five private equity investors including Blackstone and Singapore state investment firm Temasek are in talks with India's state-owned Life Insurance Corp (LIC) to buy a 15 percent stake in its proposed credit card venture, the Business Standard said on Sunday.

  • Blackstone to Buy Stake in China's BlueStar: Source Thursday, 6 Sep 2007 | 8:14 AM ET

    Blackstone Group plans to buy a 20 to 40% stake in chemicals company China National BlueStar (Group) for up to $500 million, marking its first major investment in the world's fastest-growing major economy.

  • Wall Street's Buyout Binge Unlikely To Revive Soon Tuesday, 4 Sep 2007 | 11:15 AM ET

    The old adage on Wall Street is that corporate takeovers come roaring back from the sluggish summer months right after Labor Day. This time around that line of thinking may not hold up.

  • Blackstone Buys Majority Stake in Indian Clothes Exporter Wednesday, 29 Aug 2007 | 4:35 AM ET

    U.S. private equity investor Blackstone has agreed to pay up to $165 million to buy a majority stake in India's leading garment exporter, Gokaldas Exports, both companies have said.

  • It's Time for the Lightning Round! Monday, 27 Aug 2007 | 7:31 PM ET

    American Standard, Dell, Southern Copper and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • KKR Denies Report That IPO Is on Hold Thursday, 23 Aug 2007 | 10:24 AM ET

    Kohlberg Kravis Roberts on Wednesday denied a report by the Times of London saying that the private equity firm has put its $1.25 billion initial public offering on hold.

  • U.S. stocks closed little-changed amid investor concerns that more credit troubles may be down the road. "I think there's still a lot of convincing to do to investors that things are going to work out fairly well," said Sam Stovall, chief investment strategist at Standard & Poor's.

  • Blackstone Group President Hamilton James said Monday that new deals are tougher to find amid a tightening in the credit markets, and will impact near-term results.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 13 Aug 2007 | 10:21 AM ET

    Stocks start the week on firmer ground after central bankers once again pumped cash into the markets, injecting confidence and liquidity. Stock markets around the globe gained, and U.S. stock futures are higher.

  • Virgin Media Delays Auction on Debt Market Worries Tuesday, 7 Aug 2007 | 11:09 AM ET
    Virgin Media

    British cable operator Virgin Media on Tuesday postponed the sale of the company after it became apparent buyers would not have access to the debt needed to do a deal right away.