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Blackstone Group LP

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  • The Week on Wall Street: Stocks Power Back Up Saturday, 7 Jul 2007 | 10:19 AM ET

    Stocks ended a holiday-shortened trading week higher as investors shrugged off rising interest rates.  The Dow ended the week up 1.4%, the S&P 500 rose 1.6%, while the Nasdaq Composite closed with a weekly gain of 2.2%.

  • Warm weather and corporate announcements were some of the catalysts behind the most actively traded stocks on Friday.

  • Stocks End Mixed as Rising Treasury Yields Limit Gains Thursday, 5 Jul 2007 | 6:25 PM ET

    Stocks closed mixed as investors were encouraged by a strong batch of merger news but gains were held in check by rising interest rates.  "The key for the market right now is the ability to digest the fact that the 10-year has moved out of that range that we've enjoyed between 4.5% and 5%," said Russ Koesterich, head of investment strategy at Barclays Global Investors.

  • Options Report: Unusual Hilton Options Activity Thursday, 5 Jul 2007 | 12:42 PM ET
    The Hilton corporate logo is seen at the Hilton Los Angeles Airport hotel.

    While Wall Street coasted into a sleepy pre-holiday finish on Tuesday, options in Hilton Hotels were actively traded as shares of Hilton rose in the abbreviated trading session. 

  • M&A Market Top Too Gradual to See: Analyst Thursday, 5 Jul 2007 | 12:31 PM ET

    David Tice, portfolio manager at the Prudent Bear Fund, told CNBC’s “Morning Call” the merger and acquisitions market is like a “boiled frog” and near a market top. But Eugene Peroni, senior vice president of equity research at Advisors Asset Management, thinks opportunity still abounds.

  • A Hilton hotel in New York City's Times Square.

    U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies.

  • European stock markets were slightly higher Wednesday, following a lackluster session in Asia.

  • Stocks End Holiday Session Higher Across the Board Tuesday, 3 Jul 2007 | 1:37 PM ET

    Stocks ended a holiday-shortened session with modest gains following mixed economic data and crude oil prices that stretched above $71. "The two days before the July 4 holiday are usually good for the market," said Michael Sheldon, chief market strategist at Spencer Clarke. "There are some headwinds, but overall the atmosphere is generally positive for the second half."

  • Blackstone and LBO Boom: Watch The Credit Market Tuesday, 3 Jul 2007 | 10:38 AM ET

    As I write this, Blackstone shares are up more than 1%, but still below $30 a share and below the offering price. And the grave dancers who have been predicting the LBO boom say: See? We're right! Investors don't want to bet on Steve Schwarzman anymore. But it's hard to bet against a master dealmaker like Schwarzman--one day after the biggest LBO on record, BCE, is announced. So let's play devil's advocate here.

  • Carlyle Affiliate Confirms Trimmed Amsterdam IPO Tuesday, 3 Jul 2007 | 5:52 AM ET

    Carlyle Capital Corporation confirmed on Tuesday it had cut the price and the number of shares in its initial public offering (IPO), a move it has put down to "headwinds" in the market.

  • Blackstone Eyes Stake in China's BlueStar: WSJ Monday, 2 Jul 2007 | 10:57 PM ET

    U.S. private equity firm Blackstone Group is in talks to buy a $400 million stake in China National BlueStar Group, a state-owned chemical company, the Asia Wall Street Journal reported on Tuesday.

  • Commercial Real Estate Investors Tap on the Brakes Friday, 29 Jun 2007 | 5:41 PM ET

    Spooked by higher interest rates and troubles in the subprime residential mortgage market, commercial real estate investors and lenders are rethinking some deals that would have sailed through just six months ago.

  • The Week on Wall Street: Volatility Returns Friday, 29 Jun 2007 | 5:33 PM ET

    Stocks edged higher for the week, closing out a solid first half, but there was little to celebrate going into the July 4th holiday.

  • Stocks End Lower But Dow Logs 8.5% Quarterly Gain Friday, 29 Jun 2007 | 5:17 PM ET

    Stocks closed a wild trading session modestly lower, but the Dow still managed to end the quarter with a three-month gain of 8.5%. "It was a little all over the place today, but I was happy to see the rally at the end of the day," said Joe Ranieri, managing director of Nasdaq trading at Canaccord Adams.

  • Options Report: Bear Steans, Macy's, Blackstone Friday, 29 Jun 2007 | 4:22 PM ET

    As the Wall Street bulls struggled with worries about credit market conditions, brokerage stocks as measured by the AMEX Securities Broker/Dealer Index were among the weakest of the stock groups on Friday.

  • The Chicago Board Options Exchange, the largest U.S. options market, said it will list options on The Blackstone Group starting on Monday.

  • Australia's Coles Says Texas Pacific Won't Make Bid Thursday, 28 Jun 2007 | 1:20 AM ET

    Australian retailer Coles Group said on Thursday that Texas Pacific, Blackstone and Carlyle will not make a bid for Coles by Saturday's deadline, but have not withdrawn from the bidding process.

  • U.S. Stocks Rebound On Tech, Energy And Lower Bond Yields Wednesday, 27 Jun 2007 | 8:34 PM ET

    Stocks closed higher, led by gains in technology and energy shares. Major indexes had fallen earlier in the day after weaker-than-expected durable goods data but then rebounded. "I think a lot of people see setbacks to be bargain time", said Michael Metz of  Oppenheimer.

  • Private Equity Firm Carlyle Mulls IPO: Dow Jones Wednesday, 27 Jun 2007 | 8:52 AM ET

    Carlyle Group, a U.S. private equity firm, is considering a stock market listing similar to last week's initial public offering by rival Blackstone, Dow Jones Newswires reported on Wednesday.

  • Blackstone Pulls Out of Bidding for Coles: Reports Tuesday, 26 Jun 2007 | 10:13 PM ET

    Blackstone Group has pulled out of a consortium of three firms bidding for Australian retailer Coles Group, a source familiar with the situation said.