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Victoria Blackstone winner of the 'Wave the Stars & Stripes' essay contest.
2008-06-13 19:14:00 St. Agnes freshman to lead convention event in Pledge of Allegiance Essay contest entries to be sent to Minnesota Guard in IraqSAINT PAUL, Minn. - The 2008 Republican National Convention, and its partners: the Saint Paul Pioneer Press, Microsoft Corp. and Qwest Telecommunications International, Inc., today announced that Victoria Blackstone, 15, from Roseville, Minn., is the winner of the "Wave the Stars & Stripes" essay contest.Blackstone, a freshman at St. Agnes School in Saint Paul, will lead an official convention event in the Pledge of Allegiance during the week of Sept. 1-4. Her 434-word essay, "Pledging Myself to the Flag of the United States of America," won out over a group of ten finalists.Mark Rugnetta, 13, an eighth-grader at Eagle Ridge Junior High School from Savage, Minn., was named runner-up with his 337-word essay entitled "Colors on Cloth."Both Blackstone's and Rugnetta's essays will be published in the June 15 edition of the Pioneer Press. Each student will ...
Blackstone Altius Plans $500M-$1B Asia-Focused Hedge Fund
2008-05-29 12:02:00 Blackstone Altius Advisors, the newly formed Asia-focused merger arbitrage and event-driven investments business of the eponymous private equity group, aims to raise $500 million to $1 billion for an Asia-focused hedge fund, Reuters 4 Vote(s)
By: Market Buzz
Blackstone to Invest $18m into India Construction Biz
2008-05-20 07:41:00 Blackstone Real Estate Partners, an affiliate of The Blackstone Group L.P., recently invested $18 million for a minority stake in Indian construction management firm Synergy Property Development Services Private Ltd. Formed in 2003, Synergy is one of the largest construction management companies in India with over 500 employees in nine offices across India and in Dubai ...
Blackstone Floats New Asia Biz To Focus On M&A, Bankruptcy Related Oppo
2008-05-14 10:04:00 Bharti Airtel will have another source of capital for buying out (or merging with?) MTN. The Blackstone Group has announced the launch of Blackston9 Vote(s)
By: Market Buzz
Blackstone, Reliance buy into Everonn
2008-05-10 08:01:00 Three private equity investors - Blackstone, New Vernon and Reliance (part of ADAG) have picked up equity shares and warrants in the Chennai-based Everonn Systems Ltd, a company specializing in e-learning and virtual classrooms. P Kishore, managing7 Vote(s)
By: Market Buzz
Blackstone buys stake in Banglore realty firm
2008-04-29 00:00:00 Blackstone Real Estate Partners, an affiliate of the New York based Blackstone group announced to invest approximately $18 million for a minority stake with the board representation in the Banglore-based real estate firm Synergy Property Development 3 Vote(s)
By: Market Buzz
El patinazo de la semana
2008-04-20 18:00:00 Vía la Bolsa desde los Pirineos nos enteremos del patinazo de la semana o posiblemente del mes, y es que algunos medios de nuestro país cada vez parecen beber del código ético de la prensa del corazón para dar algunas noticias. Este ha sido el caso de Intereconomia TV, que en medio de su programa ...
By: Gurusblog
Commercial Real Estate Dead? Not According To Blackstone
2008-04-02 17:24:00 The Blackstone Group is going against those predicting dire consequences for the commercial real estate market by raising an additional 10.9 billion dollars for their Real Estate Partners VI fund. The company sees a number of potential bargains on the horizon as the market retracts from its highs in 2006–2007. Blackstone said it had raised ...
[Wie ich reich wurde...] Blackstone, Ackermann und Goldman Sachs - Wirtsc
2008-04-02 00:00:00 Scheinbar wird wirtschaftlicher Erfolg, gerade spassbehafteter eher als Teufelswerkzeug gesehen. Ein glorifizierter Übermensch mit bahnbrechender Idee, finanziellem Beipack, einer Tonne Glück vollbringt sein Meisterstück und lebt meh...
By: BlogNews
Blackstone - They?re staring into the jaws of hell
2008-03-11 14:28:00 “They see the handwriting on the wall,” said Martin S. Fridson, a leading expert on junk bonds, said of buyout firms. “They’re staring into the jaws of hell.” via the New York Times. Wow, the hyperbole. But it is true, tighter credit has made mincemeat out of the big buyout firms that are so dependent on ...
Blackstone posts 4Q loss of $170 million
(AP)
2008-03-11 04:35:00 By STEPHEN BERNARD, AP Business Writer ...
Blackstone Group should be bought
2008-01-29 04:52:00 Blackstone Group (BX), which went public at around $30 per share just last summer, is now selling for less than $20. Mr. Blackstone himself bought some shares last week. I think that at these levels, BX is a buy. Incidentally, with interest rates low and going lower, and company valuations 15% lower than they were last summer, I suspect we will start seeing M&A activity pick up soon. Case in point - CME's acquisition of Nymex announced today. -- Faisal LaljeeFull Disclosure: I do not own BK but my position can change anytime without notice.Related Stories:Trading Volumes and Volatility will boost Chicago MercNasdaq Needs to Get a LifeInternational Securities Exchange Flies Under the RadarTop 10 US Stocks to Buy Now
US Tech Stocks Mixed; Alliance Data Shares Tumble. 4th UPDATE:Blackstone Un
2008-01-28 23:57:00 US Tech Stocks Mixed; Alliance Data Shares Tumble Last Update: 1/28/2008 10:59:20 AM By Rex Crum Technology stocks put in a mixed early performance in Monday’s trading session, with Alliance Data Systems Corp. (ADS) in the spotlight amid reports that its acquisition by Blackstone Group Inc. (BX) is close to falling apart. The tech-heavy Nasdaq Composite Index rose 9.15 points recently ...
By: cash For Debt
When to buy? When Blackstone goes private
2008-01-20 22:10:00 Stockhouse Canada - If the Blackstone initial public offering (IPO) marked the top of the market in easy credit and smart, innovative financial engineering, then where is the bottom? Probably when... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
Blackstone See?s Dip in Real Estate Revenue, Posts Loss For 3rd Quarter
2007-11-12 21:03:00 A softer real estate market has affected The Blackstone Groups earnings for the 3rd quarter. Revenue from the real estate division were down nearly 50 percent from 2006 as the company brought in only 109 million. After the buyout of Office Equity and Hilton Hotels, the company is digesting the purchases in a softer commercial ...
The Blackstone Group (BX) Posts 3Q Loss
2007-11-12 19:49:00 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 worsening...it is deeper, darker, scarier than what the banks originally thought," he told analysts during a conference call. "My sense is they don't have a clear picture of how this will play out, and their confidence is low."James said the banks -- pressured by massive writedowns from losses linked to subprime mortgages - will keep lending standards tight for the time being. He believes the market for leveraged loans, which buyout funds use to finance deals, appears to be picking up after a crippling summer.Blackstone's third-quarter loss was pinned on charges related to its initial public offering and lower real-estate fees. The buyout shop posted losses of $113.2 million, or 44 cents per share, which included the impact of $802.6 million ...
By: Jim Cramer Blog
Blackstone COO: No clear picture on mortgage hole
2007-11-12 18:16:00 From ReutersNEW YORK (Reuters) - Blackstone Group (BX.N: Quote, Profile, Research) President and Chief Operating Officer Hamilton James said on Monday bank executives don't have a clear picture of how the mortgage "black hole" would play out.James, who was speaking on a conference call to analysts after announcing quarterly results, added that only 15 percent to 20 percent of bank losses were related to leverage finance, with the remainder being mortgage related.[Read more]
Blackstone python boots
2007-10-13 00:00:00 Another key item at the moment: boots ! If you?re still not really a fan, you'll see that you will be in a few days time! (well, I?m gonna try my hardest). Let?s start with one of my latest favourites: These boots from Blackstone. The specialists among you may already know this Dutch...
By: French Truckers
Why Blackstone is a buy
2007-10-04 07:11:00 "The private equity firm's shares have taken a drubbing since their summer debut. But there's plenty to like about this stock, argues Fortune's Adam Lashinsky." Adam has many arguments on why we should be buying blackstone, instead of selling like the rest of the market. "Billions of dollars of uninvested capital, a stellar track record, restrictions that will keep Blackstone's top executives from fleeing, and even a healthy, more-or-less guaranteed dividend all make Blackstone a sound play for investors with a long-term time hori
Blackstone group will enter real estate business through Nagarjuna constn
2007-09-23 20:41:00 *Nagarjuna Construction: BUY * ** ** ** ** ** ** ** ** Investors with a 3-5 year perspective can consider taking exposure to the Nagarjuna Construction stock. Expansion into high margin segments, higher net worth that would help bid for larger sized projects and the traction gained by subsidiaries in the real estate and BOT segments, augur well for the company’s earnings growth. ...
Blackstone to Join Hands with Nagarjuna for Realty Projects
2007-09-20 13:08:00 The Blackstone group, a leading global alternative asset manager and provider of financial services, is planning to foray into Indian real estate with Nagarjuna Construction Company (NCC). Currently, NCC is working on a 13 million sq ft real estate project while Blackstone may invest $1 billion in Indian realty over the next few years. Both the companies ...
Blackstone group will enter real estate business through Nagarjuna constn
2007-09-19 09:41:00 Nagarjuna Construction =The Company in consortium with M/s. POSCO E & C of South Korea has bagged an EPC Contract valued at Rs 1,558 crores from Steel Authority of India Ltd for IISCO Steel Plant at Burnpur, West Bengal. The Project comprises of setting up of Blast Furnace Complex to be completed over a period ...
Blackstone Makes $600M Acquisition
2007-09-13 14:00:00 Blackstone Group LP notched another success in its push into China, making its first investment in the country since Beijing took a $3 billion stake in the U.S. private-equity firm. Blackstone’s agreement to purchase a 20% stake in China National BlueStar (Group) Corp. Read Original Post Here
Blackstone set to invest 100 mln usd in India’s Gokaldas Exports
2007-08-21 21:41:00 50 % offer at 275 /- hold it and forget to sell them too cheap On 8/8/07, sandp 12 wrote: > > http://money.cnn.com/news/newsf-eeds/articles/newstex/AFX-0013--18739022.htm > > > MUMBAI, Aug. 8, 2007 (Thomson Financial delivered by Newstex) — Private > equity fund Blackstone Group LP is close to investing 100 mln usd to pick up > a 10-15 ...
Blackstone will invest Rs 682 cr for a 50.1% stake in Gokaldas Exports
2007-08-21 05:41:00 Blackstone will invest $165 million (Rs 682 crore) for a 50.1% stake (i.e275 rupees/share) in Gokaldas Exports which will be followed by an open offer for a further 20% share in the company. Will this be the curtain raiser for the sequence of buyouts in the sector??? Will this sector be re-rated ? Seniors and members may ...
Blackstone Effect on Commercial Real Estate Sales
2007-08-20 14:42:00 Commercial real estate is rising in the country partially because of a ripple being named the Blackstone Effect. When Blackstone purchased Equity Office Properties they immediately started selling off many of the properties. This put properties on the market that have not been out there for many years. These properties are also being sold not ...
Blackstone Group (BX) Net Income Triples
2007-08-13 18:04:00 Private equity firm Blackstone Group (NYSE:BX - News) said on Monday that second-quarter net income more than tripled, boosted by merger and real estate deals, sending its units up nearly 8 percent.Revenue also tripled, but missed Wall Street expectations in Blackstone's first earnings report as a publicly traded company.Net income jumped to $774.4 million from $224.1 million a year earlier.Excluding amortization, goodwill and other noncash charges, earnings rose to 46 cents a unit from 11 cents. Analysts on average had expected 40 cents, according to Reuters Estimates.A symbol of American super-wealth amid a global mergers and acquisitions boom, Blackstone raised net proceeds of about $7.5 billion from its initial public offering in late June. But deal activity has slowed considerably since then.
By: Jim Cramer Blog
Former Banker Is a Force in Blackstone?s Push
2007-08-03 22:01:00 In the past two months, U.S. private-equity giant Blackstone Group has been involved in two major Chinese deals, advising a government lender on a deal to buy a stake in Barclays PLC, and selling a $3 billion stake in itself to Beijing. A big player in Blackstone’s China push is Antony Leung, a longtime ...
Blackstone?s Flips Equity Office Properties At An Amazing Speed
2007-07-26 14:47:00 When Blackstone purchased Equity Office from Sam Zell people knew that some of the properties would be flipped. What is amazing Wall Street and the commercial real estate community is the speed in which these transactions are occurring. In the 6 months since the deal was announced, Blackstone has sold nearly half of the properties ...
Blackstone?s Schwarzman?s 90 Million Dollar Bid For Trump Home Rejected
2007-07-16 16:14:00 Donald Trump sure does know how to manage the media and get his name out there. His Palm Beach estate Maison de l’Amitie has been for sale at an asking price of 125 million dollars. An offer by Steve Schwarzman, who just led the successful IPO of Blackstone, of 90 million dollars was quickly rejected by ...
Seeing a Bright Future at Blackstone
2007-07-10 16:38:00 Hilton Hotels has officially been bought out by the Blackstone Group (BX) and the major asset management and growth firm is now becoming an equity monster. The company just recently became public in one of the most notable IPOs of the year. The offering has greatly increased the wealth available to BX, and the immediate ...
By: Market Matador
Blackstone IPO Still on Track
2007-07-06 18:55:00 Blackstone Group LP, dodging political scrutiny on the eve of its landmark initial public offering, on Thursday received overwhelming demand from investors seeking a piece of the biggest IPO in at least five years. The nation's second-biggest buyout fund, which controls names like Universal Studios Florida and real estate powerhouse Equity Office Properties Trust, plans to raise as much as $4.14 billion when it lists Friday on the New York Stock Exchange. Stephen Schwarzman, Blackstone's chief executive and co-founder, will walk away f
Motiveless Crime News Headlines
2007-07-06 06:12:00 Buyouts seem to be prominently figured in major media outlets lately. First it was YouTube being purchased by Google and quickly followed by their own multi-national release. That was a wonderful wakeup call to a lot of private equity groups which have since tried to buy our major media conglomerates such as Virgin Media. Here is just a sample of the past few day's buyouts:Google Buys GrandCentral CommunicationsGreat, now Google can rule communications. Seriously, this company needs to focus on what it has and stop branching out before it collapses under its own weight.Blackstone to buy Hilton for $26 billion cashThat is a sizable chunk of change. Blackstone has only been in public since the 22nd of June. It makes me wonder if the company planned this buyout to raise stock prices...isn't that cheating?CVC to acquire Samsonite for $1.1 billionSamsonite was near bankruptcy four years ago (dropping the prices of your over-hyped luggage might help) but managed to hold on and attain a ...
By: Motiveless Crime
Has Blackstone got it right this time?
2007-07-06 05:01:00 Blackstone offer for Hilton appears to fit the current market standard formula at a share price 40 % above the current common stock pricing. The offer will no doubt set Hilton on the path to create a multi-buyer auction even at the stratospheric $ 26 billion level of the offer despite any proposed stimulus to ...
Blackstone to Buy Hilton Hotels
2007-07-06 00:00:00 (LOS ANGELES) ? Hilton Hotels Corp. has agreed to an all-cash buyout from The Blackstone Group LP in a $20.1 billion deal that would instantly make Blackstone the world’s largest hotel owner. The private equity group said it would combine cash from its real estate and corporate private equity funds to buy all outstanding Hilton shares ...
By: investment-blog
The Blackstone Group (BX) Buys Hilton Hotels (HLT)
2007-07-05 14:18:00 Fresh off a $4.1 billion initial public offering, private-equity house Blackstone Group solidified its position as a power to reckon with on Wall Street with a multibillion dollar deal that gives the...
By: Jim Cramer Blog
Blackstone: Too Rich for Congress
2007-07-03 00:00:00 On June 22, shares in the private-equity firm Blackstone Group began trading publicly on the New York Stock Exchange. By late afternoon, CEO Stephen Schwarzman’s 23% stake in the firm he co-founded was worth almost $9 billion; he also pocketed $700 million cash from the deal. The same day, several high-ranking members of the House Ways ...
By: Investment Blog
Blackstone Group LP (BX) Stock Falls 8 Percent
2007-06-26 05:31:00 Units of Blackstone Group LP (NYSE:BX - News) fell nearly 8 percent on Monday due in part to concerns about the private equity firm's lofty valuation following its highly publicized market debut last...
By: Jim Cramer Blog
Blackstone Prices IPO At Top of Range
2007-06-25 17:40:00 Just a little update! By YVONNE BALL June 21, 2007 6:29 p.m. Blackstone Group's initial public offering priced at the top end of the expected range amid uncertainty over the firm's tax status and an 11th-hour bid to delay to the deal. Blackstone's IPO priced at $31 a share on Thursday, within the expected range of $29 to $31, set by lead underwriters Morgan Stanley and Citigroup. The public offering price values the firm at about $33.6 billion. Blackstone raised $4.13 billion after 133.33 million common units were sold into the
Blackstone up 15 percent in NYSE debut
2007-06-22 19:50:00 NEW YORK (Reuters) - Blackstone Group LP units rose 15 percent in their first day of trading on Friday, as the first major U.S. private-equity firm went public and minted billions of dollars of new wealth for its founders. The highly anticipated issue shot up as much as 23 percent to $38.00 in early trade on ...
Blackstone IPO Prices at $31
2007-06-21 23:13:00 That leads it to the top end of $29 - $31 range. That means that the IPO will raise $4.1 billion. Blackstone units will begin trading tomorrow under the symbol “BX”
Blackstone Group LP initial public offering
2007-06-21 23:02:00 Tonight Blackstone’s offering is scheduled to price. There are been a lot of discussing about Blackstone’s IPO the last couple of weeks, specifically regarding the tax structure involved in the offering. There are two U.S. lawmakers that have asked the SEC to postpone the offering until Congress holds hearings about it. However, the SEC can only block ...
Blackstone to Price IPO Thursday
2007-06-19 21:40:00 Blackstone Group LP, which manages the world’s second-largest private equity fund, will set the price of its much-anticipated initial public... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Blackstone inks deal to buy Intelenet
2007-06-18 22:22:00 MUMBAI:After investing around a billion dollars in various Indian firms, leading globalprivate equity (PE) investor Blackstone Group will acquire 100% stake in BPOfirm Intelenet, with backing from the Indian company’s management team.
Blackstone Congress To Blackstone Group - Stop and Pay the Taxman
2007-06-15 14:43:00 The Blackstone Group, one of the largest and most successful hedge fund partnerships, is facing a serious roadblock in their attempt to go public. Two weeks after announcing their IPO, Congress is waving the red flag and saying, “Not so fast boys, we want our money.” See, as a private partnership, Blackstone Group fund is taxed ...
Private Equity Investing: Whose Next
2007-06-05 19:13:00 Last month China agreed to buy a stake in Blackstone Group, one of the leading private equity firms in the United States. The question now is which governments will be the next to partner up with a major private equity firm?Oil producing nations are believed to be the most likely candidates. The rise in the oil prices has lead to huge trade surpluses and lots of cash for Middle East and Central Asian countries. The cumulative surplus in trade and investments for oil-producing countries grew to 20% of GDP last year, up from 5.4% in 2002. Oil states don't publicize much about their investments so tracking where their funds is difficult. So far the oil nations have invested most of their oil riches into low-risk assets like U.S. Treasury bonds. But some governments have been putting money into more aggressive, return-oriented investment funds. Not only government, but retail investors around the world are investing in the world of private equity.UAE has formed private equity firms whi...
By: Rant About It
China and Blackstone, Perfect Bubble Buddies
2007-05-24 05:41:00 From The StreetThe word over the weekend was that China's government was making a $3 billion investment in Blackstone; both factions stand to win in this deal.The Chinese get to invest in a devalued currency in exchange for roughly 8% of the U.S.' leading private-equity firm. With an IPO of Blackstone Group imminent, the Chinese will get an immediate markup -- probably 10% to 25% -- on their investment. These two factors -- acquiring assets of a depreciated currency and a likely ebullient initial response to the Blackstone IPO -- give the Chinese a reasonably good cushion on their investment.Blackstone, meanwhile, gets another $3 billion of capital to play with and expand its enterprise. It also serves to juice the already excitable marketplace regarding the future of private-equity -- after all, if the Chinese invest, you've got to be there. (Of course, few investors today are old enough to remember the Japanese purchase of the tony La Costa resort at a terribly inflated price n...
Blackstone IPO: An Investment Opportunity
2007-05-23 13:00:00 For the first time China has decided to make a direct investment in a U.S. private equity fund by investing $3 billion from its currency reserves of $1.2 trillion in private equity firm in U.S. called The Blackstone Group.The Blackstone GroupPrivate equity firms buy companies or take controlling stakes, cut costs, restructure the businesses and sell them later for a profit. They usually borrow two-thirds of the money needed to finance their purchases, making for a high-risk, high-return investment strategy. A record $911 billion was invested globally in private equity deals last year, up from $471 billion the prior year. Blackstone group is the second-largest U.S. private equity firm.Blackstone has invested in over 100 companies in a variety of industries, geographies and economic environments. Blackstone's current holdings include such diverse companies as Cadbury Schweppes, Center Parcs UK, CineWorld, Deutsche Telekom, Extended Stay America, Michaels Stores, The Nielsen Company...
By: Rant About It
China denies PE play through $3-b Blackstone investments
2007-05-23 00:58:00 HONGKONG: China is investing $3 billion in Blackstone Group to boost governmentcoffers, and not as a bridgehead for overseas acquisitions or as a back doorinto private equity, the Chinese official managing the deal said.
Buy Out Firm, Blackstone, seeks 7.75 Billion in Stock Sales
2007-05-22 03:51:00 Have you heard about the latest IPO craze that everyone is talking about on Wall Street? It’s the Blackstone IPO. I’m not too familiar with Blackstone, but I know they are an equity firm that specializes in buying out corporatoins down on their luck, hedge funds, real estate, and other investments. The ...
By: Money Crashers
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