Blackstone News

Prime Minister Gordon Brown has held a high-level meeting with some of the financial world's most influential people as he continues to push for a new global regulator to deal with the ever-changing financial ...

Colin Keogh, who joined Close 23 years ago and has been chief executive for the past six, will step down as soon as a replacement has been found.

It was mayhem in the markets, but for the kings of restructuring last week's events were the culmination of 18 months of planning that will see a bonanza in their businesses as more and more companies falter.

Shares in struggling buy-to-let mortgage lender Paragon soared 23% today after it confirmed it was in takeover talks with a number of suitors.

Shares in struggling buy-to-let mortgage lender Paragon soared 23% today after it confirmed it was in takeover talks with a number of suitors.

The co-founder of private equity group Blackstone has blasted the fair value accounting rule for the collapse of the financial markets.

US buyout group Blackstone, which already has a close relationship with Beijing, says it plans to plunge more money into the Chinese and Japanese property sector.

Investors are bracing themselves for a bloody week on Wall Street, with three of America's biggest investment banks, Goldman Sachs, Lehman Brothers and Morgan Stanley, expected to unveil further writedowns ...

The main branch of the New York Public Library has been re-named after Stephen A. Schwarzman.

If you're looking for an escape from the nerve-wracking NBA playoffs, the midweek live music scene offers a couple of notable celebrations and plenty of variety. via MySanAntonio.com

“In the longer term, we believe there will be attractive real estate investment opportunities that follow from this partnership.”

Blackstone Real Estate Partners, an affiliate of private equity group Blackstone has announced its decision to invest $18 million in Bangalore based Synergy Property Development Services Private Ltd. via Hindustan Times

Chip maker Qualcomm Inc. says its fiscal second-quarter profit rose 5.5 percent as consumers bought mobile phones that surf the Internet and offer speedy downloads of music and video. via Boston Globe

“We are pleased with our results for the first quarter, delivering cash earnings per share at the high-end of our guidance range”

Credit card services provider Alliance Data Systems Corp. said first-quarter profits slipped 13 percent after taking charges related to its canceled sale to private equity group Blackstone Group . via Dallas Business Journal

“Blackstone is negotiating a lower price due to weakness in World Financial Network-part of ADS' Credit Services Unit, as evidence [sic] by awful master trust data this month from the World Financial Network Holdings off-balance sheet credit vehicle.”

The Securities and Exchange Commission accused a former trader of spreading false rumors about a Blackstone Group takeover bid and then profiting from the ruse, The Wall Street Journal reported. via NYSSCPA.org

Alliance Data Systems Corp.'s first-quarter earnings fell 13 percent after it took charges related to a failed sale to private equity group Blackstone, the credit card services company said Wednesday. via Canadian Business Magazine

Mumbai: China has acquired a near-one per cent stake in British oil major BP Plc, worth about $2 billion, newspaper reports said without naming the investor. via Domain-B

“This won't be the last example of this. British investors have got the valuation of these companies completely wrong”

THE 500m takeover of FKI, one of Britain's best-known engineering groups, may be sealed within days. via Times Online

Citigroup, the largest US bank, is close to selling about US$12 billion of leveraged loans and bonds to a group of private equity firms, people familiar with the situation said. via NZ Herald

Citigroup Inc , the largest U.S. bank, is close to selling about $12 billion of leveraged loans and bonds to a group of private equity firms, people familiar with the situation said on Tuesday. via Reuters UK

“Our lack of experience combined with a lot of money is a challenge for us.”

It was only last week that US presidential hopeful Hillary Clinton said she thought China was buying too many US Treasury securities. via BusinessWeek