There is growing concern about where the Fed will get the hundreds of billions of dollars it will need to bail-out failing banks and brokerages. Most economists point to the tax-payer as…
Alliance Data (NYSE: ADS) had given Blackstone (NYSE:BX) notice that the private equity firm is no longer negotiating in good faith to complete a buy-out. The charge probably has the benefit of…
Douglas A. McIntyre Accoding to Reuters, the Fed is set for a large rate cut in the face of the financial crisis. Reuters writes that Google (GOOG) says it is well positioned for an economic…
The Blackstone Group, LP (NYSE: BX) has posted earnings of $0.08 EPS before charges, while First Call had $0.19 as consensus. The private equity giant also posted revenues of $447.5 million, compared…
Douglas A. McIntyre Shares of The Blackstone Group, L.P. (NYSE: BX) have seen their share of pain since coming public in 2007. The private equity giant will report earnings Monday, and this may further set…
Douglas A. McIntyre Reddy Ice (NYSE: FRZ) Offices raided by Feds. Drops to $12 from 52-week high of $32.21. Washington Mutual (NYSE:WM) One of the largest mortgage brokers. Falls to $9.91 from 52-week high $44.66.…
Analyst Michael Hecht of Bank of America has cut his earnings estimate for Blackstone Group (NYSE: BX) by half for the next quarter from $.25 to $.11. Blackstone’s stock now trades at…
Douglas A. McIntyre The business press has had its ear to the rail, and it has heard that more capital is headed toward private equity funds. Some of this money may be invested by the…
Blackstone (NYSE: BX) cannot be faulted for its creativity the way it can be for its share price. The firm says that it does not need the banks which have walked away…
Douglas A. McIntyre There is a menagerie of companies with stocks that look like the boulevard of broken dreams because of the woes in the stock market and economy in January. But no group looks…
Verizon (VZ) bottomed at $33.30 after downgrades due to cellular service price wars. HCC Insurance (HCC) Weak quarterly results. Trades down to $24.25 from 52-week high of $24.45. AT&T (T) drops to…
Verizon (VZ) Bad news on broadband set-top delays and price cutting for cellular service. Falls to $35.37 from 52-week high of $46.24. Idearc (IAR) New CEO appointed after weak earnings. Not much…
UBS Ag (UBS) Swiss bank gets pounded on big write-off. Drops to $33.60 from 52-week high of $66.26. Blackstone (BX) Today is CEO Steve Schwarzman’s birthday. Happy birthday, Steve. Shares slide to…
MFResidential Investments, Inc. submitted an IPO filing on Tuesday. The total proposed maximum aggregate amount in securities is listed as $250,000,000 in securities, although this number is merely for filing purposes. The…
Banks thought they would make money on everything in 2007. Instead, they made money on nothing. That winning streak appears to be extending into 2008. One of the most sure-fire schemes at…
Douglas A. McIntyre 