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Republican Presidential Candidate John McCain is at his wits end. With the economic crisis dominating headlines and people thinking first and foremost about their wallet suddenly what was until recently a close election with Messer McCain leading for...
Stephen Schwarzman is Wall Street’s $5.13 billion man.That’s how much money the co-founder of private equity shop Blackstone Group LP made in compensation for 2007, the year he brought the firm public, according to a filing with the Securities and...
Stephen Schwarzman is Wall Street’s $4.78 billion man.That’s how much money the co-founder of private equity shop Blackstone Group LP made in compensation for 2007, the year he brought the firm public, according to a filing with the Securities and...
Blackstone Group has lost $170 million for the fourth quarter because of the declining value of its investment in a bond insurer and deterioration in the credit markets.The New York-based investment manager said its investment in Financial Guaranty...
Blackstone Group LP will spend as much as $930 million for GSO Capital Partners LP, a hedge fund that helps finance private equity buyouts and manages debt investments, the New York-based private equity firm said Thursday.Blackstone Chief Executive...
Blackstone Group LP will spend as much as $930 million for GSO Capital Partners LP, a hedge fund that helps finance private equity buyouts of troubled companies, the New York-based private equity firm said Thursday.Blackstone chief Stephen A. Schwarzman...
Asset management firm Blackstone Group LP said Thursday it will acquire GSO Capital Partners LP for as much as $930 million and its board of directors approved a $500 million share repurchase program.Blackstone will pay $620 million up front in cash and...
Blackstone Group LP President and Chief Operating Officer Hamilton James said Monday the slumping private-equity market might not fully rebound until major Wall Street banks get a better handle on the credit crisis.”The mortgage black hole is...
Australian hedge-fund manager Basis Capital Funds Management Ltd. sought bankruptcy protection for its Yield Alpha Fund after it suffered big losses due to the U.S. subprime-mortgage crisis.
The fund sought Chapter 15 bankruptcy protection in U.S....
Private equity industry lobbyists are trying hard to weaken an attempt in the US Congress to block the industry’s access to one tax loophole. According to a legislation tabled last week by US Senators Max Baucus and Chuck Grassley, publicly traded...
The corporate speed dating between Western and Asian companies have reached a stage of perfect collaboration. More and more companies in Britain and the US are venturing in to partnership with their Asian counterparts. Tesco, Britain’s biggest retailer...
The US private-equity firm Blackstone is negotiating a deal with Sydney-based Ramsay Health Care, Australia’s biggest private hospital operator to put a £1.4bn bid to take over Bupa’s 26 UK hospitals.
The selling of Bupa’s UK hospitals...
Towergate, Britain’s largest private insurance company, is mulling a sale, which could lead to a huge windfall for its founder and chairman Peter Cullum. If a sale does happen, Peter will be on course for an overwhelming £2 billion profit over his...
In an unprecedented development that highlights Beijing’s yearning to strike into the private equity boom, the Chinese government has decided to invest $3 billion of its huge foreign exchange reserves to acquire a 9.9 per cent stake in...
Blackstone Group announced that it has agreed to acquire data-processing and marketing company Alliance Data Systems Corp. for $6.4 billion, marking the latest in a series of private-equity acquisitions in the financial-processing sector....
Blackstone Group LP is reportedly contemplating a $20 billion acquisition offer for SLM Corp., the largest U.S. student-loan provider popularly known as Sallie Mae. According to the reports, the firm is also involved in takeover talks with a group...
A consortium of Middle Eastern investors and American buyout firms have been reportedly preparing for a bid of at least $50 billion for Dow Chemical Co. which could be marked as the world’s biggest ever leveraged buyout. Britain’s Sunday Express has...
Kohlberg Kravis Roberts & Co. and Italian billionaire Stefano Pessina have reportedly raised their bid for Alliance Boots Plc to 10.1 billion pounds or $19.8 billion, and the U.K.’s largest drugstore chain has signaled that it may discuss a deal....
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Blackstone Mayor and publisher of the Courier Herald, Billy Coleburn, holds a copy of his paper displaying a photo of a stuffed cougar in his office in Blackstone, Va., Friday, Aug. 15, 2008. The Courier-Record has run at least 15 stories on cougar...
