CHICAGO, Oct 28- Most fast food workers do not earn enough to retire with much of a pension. Then there is David Novak, executive chairman of YUM Brands, the conglomerate that runs Taco Bell, Pizza Hut, and KFC outlets. Novak tops the list of Fortune 500 CEOs with the largest retirement nest eggs, according to a study from two progressive think tanks- the Center for...
July 16- Blackstone Group LP, the world's largest alternative asset manager, reported a 62 percent slump in second-quarter earnings on Thursday, blaming weak global stock market markets that weighed on the value of some of its holdings. The New York- based firm said economic net income, a metric of its profitability that takes into account the mark-to-market...
*Declines comment on investment opportunities in Greece. DUBLIN, July 1- The European Union should be able to contain the fallout if Greece were to leave the euro zone following a weekend referendum on a bailout program, the head of private equity fund Blackstone said on Wednesday. Greece has appealed to its euro zone partners and the European Central Bank to keep...
Financial executives from Jamie Dimon to Stephen Schwarzman to Gary Cohn have warned that tightening regulations are causing what they see as dangerous illiquidity in bond markets. Mark Carney, governor of the Bank of England, doesn't seem to be buying what they are selling. "To be clear, more expensive liquidity is a price well worth paying for making the core of...
Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.
Hedge and private equity funds are filling the void left by more cautious banks in lending to small and medium-size business.
Major private equity managers, including several billionaires, gave their best investment idea at the Milken conference.
Steve Schwarzman, Blackstone CEO talks with CNBC's Brian Sullivan about his outlook on real estate.
Steve Schwarzman, Blackstone CEO, shares his thoughts on where investors are placing their money in China.
Blackstone CEO Steve Schwarzman, discusses why he is taking private investments and how it can benefit institutions and retirement funds.
The financial community—including Steve Schwarzman, Ken Griffin and Steve Cohen—will once again figure prominently at Milken.
Steve Schwarzman, Blackstone chairman & CEO, discusses the company's business strategy. The whole world economy is shifting now, say Schwarzman.
Steve Schwarzman, Blackstone chairman & CEO, weighs in on Blackstone's acquisition of General Electric's real estate assets.
Steve Schwarzman, Blackstone chairman & CEO, discusses the company's quarterly results. When we buy something, we buy them to improve them, says Schwarzman.
Top Blackstone strategist Byron Wien explores four key macroeconomic issues and why many investors are getting them wrong.
Education is needed to help the middle class boost its assets and to create more jobs, Blackstone's Steve Schwarzman tells CNBC.
Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.
Blackstone, the world's largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship fund.
There are so many big names at Milken's annual Global Conference in Los Angeles that billionaires don't automatically get VIP treatment.
With stocks buoyed by a flurry of dealmaking on Monday, Blackstone CEO Steve Schwarzman says absolute valuations are "on the higher side."