The Blackstone Group, L.P. (NYSE: BX) posted results that show a turn for the better in private equity is either afoot or much closer than before. It said that its economic net…
Douglas A. McIntyre According to Reuters, government talk of auto company bankruptcy may cause creditors and the UAW to renew talks with GM (GM) and Chrysler. Reuters reports that Obama is talking a hefty agenda…
These are some of the top pre-market analyst downgrades or cautious calls we have seen from Wall Street firms early this Wednesday morning: American Express (AXP) Cut to Underweight at JPMorgan. Atmel…
According to Reuters, Madoff will plead guilty. Reuters reports that most consumers do not expect any recovery until 2010. Reuters reports that Bernanke says new management at AIG (AIG) has curbed costs.…
These are some of the top pre-market analyst upgrades from Wall Street this Monday morning with well over two hours until the open: Ameristar Casinos (ASCA) Raised to Overweight at JPMorgan. Barrick…
A number of aspects of the bank bailout program presented by the Treasury yesterday troubled investors. The biggest problem was that it lacked details about how it would work. One of the…
Douglas A. McIntyre Cerberus Capital Management was one of the top private equity firms any MBA graduate would have wanted as their career destination. But this week may mark another stark reminder that private equity…
Douglas A. McIntyre According to Reuters, Chrysler and Fiat in are in talks about a possible partnership. Reuters reports that Carlos Slim will invest $250 million in The New York Times. Reuters writes that China…
There is an interesting trend where Barclays has essentially cut its rankings on hedge fund and private equity operators. Here are the calls, plus a call elsewhere on a bank: Blackstone (NYSE:…
Henry Paulson’s newest idea for his $700 billion bailout fund is to get private equity firms to invest side-by-side with him in the next series of financial firms that will get money.…
Douglas A. McIntyre Not every piece of SemGroup, L.P. was included in the company’s Chapter 11 filing back in July. The company’s publicly traded midstream subsidiary, SemGroup Energy Partners LP (NASDAQ:SGLP), was spared, as was…
Douglas A. McIntyre Despite the realm of uncertainties we all face, there is one sector which has survived through the good times and bad times of the last century: movies. Movies haven’t even been killed…
The Blackstone Group (NYSE: BX) is making changes to its structure in Asia, and these changes may allow it to become an investment banker and advisor rather than just a deal-maker or…
Douglas A. McIntyre According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters reports…
Banks that claim they are off-loading risk may be making a case which is a bit overblown. Recently, Citigroup (C) and RBS (RBS) dumped loans to private equity firms including Blackstone (BX).…
