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 According to Reuters, Aluminum Corp of China has no plans to increase its stake in Rio Tinto (RTP). Reuters writes that Yahoo! (YHOO) is considering a business alliance with Google (GOOG) as…
Shares of Alliance Data (ADS) are trading off 42% before the open. The Blackstone Group (BX) and Aladdin Solutions have informed Alliance Data that they do not anticipate the condition to closing…
Douglas A. McIntyre Late word is that the China Development Bank may pass on putting $2 billion into Citigroup (C) as was planned. According to The Wall Street Journal the Chinese government may be blocking…
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector…
Blackstone and GSO Capital Partners LP have agreed in principle on terms under which Blackstone will acquire GSO. GSO is an alternative asset manager specializing in the leveraged finance marketplace, with approximately…
Douglas A. McIntyre 