Blackstone CEO Stephen Schwarzman: 45 Percent of Wealth Destroyed

Stephen Schwarzman, CEO of private equity company Blackstone Group told the Japan Society that between 40 and 45 percent of global wealth has been destroyed by the current economic collapse. Speaking at a conference Tuesday, Schwarzman stated that the magnitude of this...

Protest At Blackstone Boston

"Apparently a union in Boston takes issue with the fact that Blackstone isn't doing anything to prevent foreclosures. Plus, it's Thanksgiving on Thursday."Anyone got any more information on this?

NBC Universal to buy Weather Channel

The Weather Channel: valued at a reported $3.5 billion. I regret to see it sold to NBC Universal,which, with MSNBC and other companies, is acquiring quite a monopoly."NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark...

Sainsbury's in £10bn takeover bid

"Supermarket group Sainsbury's emerged as a takeover target today after three private equity firms confirmed they were mulling a possible offer. Shares in the retailer jumped by 17% in the wake of the announcement, giving the resurgent retailer a market value of almost £9...

Blackstone, Still Seeking a Deal, Plans $500 Million India Fund

"Blackstone Group LP, manager of the world's biggest buyout fund, may raise $500 million this year to invest in India, where a slide in the stock market has made the search for possible targets easier, said the firm's country head."