News Source: International Business Times
| about 1 month ago
Private equity firm Blackstone Group LP posted a forecast-beating quarterly profit on Friday and said it is gearing up for more deals and IPOs as the lending and equity markets recover. The company, which has immense real estate and private equity...
News Source: Belleville News-Democrat
| about 1 month ago
Hedge fund and private equity firm The Blackstone Group LP on Friday posted a narrower loss for the third quarter, as its private equity holdings gained value and its real estate investments stabilized. Adjusted results topped expectations, and...
News Source: International Herald Tribune
| about 1 month ago
Blackstone’s profit, which is after taxes and excludes costs tied to its 2007 initial public offering, drew largely upon the improving market conditions, which boosted the value of the firm’s private equity and hedge fund holdings and added to...
News Source: Fox News
| about 1 month ago
Blackstone Group (BX) weighed in with better-than-expected third-quarter earnings on Friday but said the economic recovery could be gradual and uneven and warned commercial real estate trends continued to worsen. The company lost $176.2 million...