Capital One (COF-NYSE) has announced an update to a restructuring, or in otther words has announced lay-offs. The company claims this is ongoing, but history says that isn’t really so and the headlines are…
Blackstone Group LP (BX-NYSE) is only enjoying its third day as a public private equity entity. Shares, well units, were trading north of $35.00 on most of Friday; and that compared to the $31.00…
If you are a hedge fund manager that is classified as a fund of funds operation, you are probably crunching some numbers to see what you think your operations are worth. BlackRock, Inc. (BLK-NYSE)…
GLG Partners, an alternative asset manager with gross assets under management of over $20 Billion has announced that it plans to access the public markets through a reverse acquisition transaction with Freedom Acquisition Holdings,…
It’s no shock that Barron’s decided to make its cover story that of the Stephen Schwarzman picture from the Blackstone Group (BX-NYSE) IPO that closed on Friday. The article upfront points to not expect…
Stock Tickers: GS, MER, MS, LEH, BSC The raw number of shares that are measured in the short interest in bulge bracket brokerage firm and investment banking stocks did increase, although if you look…
Stock Tickers: JPM, BAC, USB, NCC, STT, C, WFC, BK, STI The large banking stocks saw a fairly large increase in short interest from May to June in 2007. That is after a mixed…
After all the hemming and hawing, and all the publicity and tabloid-esque coverage of the deal…..It’s finally happened. The Blackstone Group, L.P. sent out a news bulletin after today’s close with the details of…
Blackstone Group LP (BX-NYSE) is now expecting to price its IPO on this Thursday evening for a Friday trade date, one week earlier than originally planned. The company has apparently ended the road show…
With all of the negative press and attacks this week, you have to wonder what the Blackstone Group LP private equity going public is about. We have received inquiries about how good or bad…
eBay (EBAY) is in the news twice this morning. First off, Business Week is citing that the online auctioneer’s PayPal unit is becoming more and more like a bank and noted that it even…
Bear Stearns (BSC-NYSE) $2.52 EPS net, but on an adjusted basis it is $3.40 EPS versus $3.50 estimate; Revenues were $2.51 Billion versus $2.33 Billion estimate. The annualized return on common stockholders’ equity for…
Hertz Global Holdings, Inc. (HTZ-NYSE) announced that the offering by certain of its stockholders of 51.75 Million shares of its common stock, including 6.75 Million shares including the overallotment, was priced at $22.25 per…
Blackstone has completed its sale announced two months ago of Extended Stay America for some $8 Billion to The Lightstone Group. Considering that Blackstone paid $2 Billion in equity and assumed another $1 Billion…
Lehman Brothers (LEH-NYSE) has reported Q2 2007 earnings. The company posted $2.21 EPS and Revenues $5.51 Billion versus street estimates of $1.88 EPS and $4.97 Billion. The results saw a 55% jump in investment…