BHP Billiton (BHP) may not get to buy Rio Tinto (RTP). Blackstone (BX) may beat them too it. According to the Telegraph, Blackstone is gettng together a group which may include an…
The Dubai International Capital fund has $15 billion to invest. Temasek Holdings, Singapore’s state-owned investment company, just put $2 billion into a new investment vehicle in China. According to the IHT "the…
A booming market in widgets makes most widget company management look good. It turns out to be the same with private equity. The people who run Blackstone (BX) looked like rocket scientists…
According to Reuters, OPEC will probably keep oil output at current levels. Reuters writes that a goverment plan to help sub-prime borrowers will probably freeze their rates for five years. Reuters writes…
Buy-out firms like KKR and Blackstone (BX) are buying back the debt that their banks took on for LBOs over the last nine months. Big commercial banks like Citigroup and JP Morgna…
Douglas A. McIntyre Yesterday morning 24/7 Wall St. covered how the buyout for Affiliated Computer Services (NYSE:ACS) was for all practical purposes looking like toast, and we wanted to see which other pending deals were…
China’s Social Security Fund, which manages over $61 billion in assets, appears to have an aggressive interests in getting further into the US private equities markets. Talks have slowed somewhat because the…
Douglas A. McIntyre Chinese officials confirmed and several media outlets reported that China’s Citic Bank would like to buy a piece of Bear Stearns (BSC). Members of Congress will likely mount their soap boxes and…
Now that Goldman Sachs (GS) and KKR have walked away from Harman (HAR), the question is which private equity deal will fail next. Here is a short list of the deals that…
We reviewed our different portfolios of key stocks to see which ones performed the best today, and it wasn’t just the financials as a general class. At the end of the day,…
Enterra Energy (ENT) Canadian oil and gas investment company suspends monthly distribution payments to unitholders for at least six months to repay debt. Falls to $1.85 from 52-week high of $10.30. PHH…
Wal-Mart (WMT) How did the world’s largest retailer get on this list? By being badly run. Down to $42.39 from 52-week high of $52.15. Blackstone Group (BX) Which is worse, retail or…
Wal-Mart’s (WMT) shares are running. After a tough quarter, they dropped to under $43, but are moving toward $44 today, up 1.7% on rumors that a Chinese institutional investment fund could buy…
(BEAS) BEA Systems trading up 6% pre-market on 3 upgrades: Raised to Buy at B of A; raised to Buy at UBS; raised to Outperform at Bear Stearns.(BX) Blackstone earned posted revenues…
Blackstone’s (BX) earnings tripled and the stock is up almost 10% in the pre-market. Net income hit $774 million up from $224 million a year ago. The earnings were more than a…
Douglas A. McIntyre