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.» Read More
Mortgage and vehicle fleet company PHH said on Tuesday it terminated its nearly $2 billion sale to General Electric and Blackstone, after the private equity firm failed to obtain required financing for the deal.
U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion fortune to charity.
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.
Rio Tinto challenged BHP Billiton on Tuesday to make a formal bid to create a mega-mining house or walk away from what could be the second biggest takeover ever.
Private equity firm Blackstone Group on Monday denied speculation that it is planning a counterbid for Rio Tinto with a consortium believed to include China's sovereign wealth fund.
European stocks closed higher Monday after quite firm U.S. housing data, a day before a Federal Reserve meeting to decide on interest rates.
Ailing British bank Northern Rock said Chief Executive Adam Applegarth had quit and it had streamlined its board as two suitors confirmed they had made proposals to buy or revive the bank and repay its loans.
Prospective bidders are due to submit their final proposals Friday for mortgage lender Northern Rock, Britain's biggest casualty of the global credit crisis.
The guys who run these companies are smart. But the investors who own these stocks? Not so much.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.
U.S. stock indexes closed lower as a rally in financial shares lost steam late Monday, pushing down markets already pressured by falling tech shares.
Blackstone Group President and Chief Operating Officer Hamilton James said on Monday that the subprime mess that hit Wall Street banks appears to be getting worse.
The financial sector continued their decline on news that Citigroup CEO Charles Prince resigned. In spite of the bank downturn some technology stocks continue to make gains.
British bank Northern Rock said it continues to work with a number of companies as part of its strategic review and has developed structures to allow it to seek interest from other parties.
Three of the biggest U.S. private equity firms have held preliminary talks about selling minority stakes to China's giant Social Security Fund, the Financial Times said on Tuesday.
Cramer makes the call on viewers' favorite stocks.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.
Mortgage lender Northern Rock confirmed Monday it is discussing options with several interested parties, but gave no details of the bidders or their proposals.
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 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 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.