MT. LAUREL, N.J. -- PHH Corporation (NYSE:PHH) ("PHH" or the "Company") announced today that it has received payment of the $50 million reverse termination fee from Blackstone Capital Partners V L.P. ("Blackstone"), the private equity fund affiliated with the Blackstone Group L.P., in connection with the previously announced termination of...
NEW YORK -- Blackstone Group (NYSE: BX) said today that a front page article in The New York Times is filled with inaccuracies, myths, and misrepresentations that give a false impression of Blackstone's tax situation and that of its partners.
Brussels -- The European Commission has approved the acquisition by Blackstone Group of TRW Inc.'s automotive parts unit for almost $4730 million. The deal has already been approved by the US antitrust authorities. Brussels -- The European Commission has approved the acquisition by ...
The following companies are having unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 7:45 a.m. Andersons Inc. (ANDE:US) plunged 22 percent to $12.46 and earlier lost 33 percent in the biggest intraday slide since at least February...
* Economic Net Income for the third quarter 2008 was a loss of $(509.3) million as compared to Economic Net Income of $99.9 million in the second quarter of 2008 and $299.2 million in the third quarter of 2007. * GAAP Loss for the third quarter of 2008...
As rew-online.com pointed out in an article last week, once high-flying financial firms hurt by the current economic problems have begun turning pricey offices they leased during boom times back onto the market. The problems have played out in especially dramatic fashion at 1095 Avenue of the Americas,...
NEW YORK -- The Blackstone Group (NYSE: BX) today announced that Stephen A. Schwarzman, Chairman, Chief Executive Officer and Co-founder of The Blackstone Group, is scheduled to present at the Merrill Lynch Banking & Financial Services Investor Conference on Tuesday, November 11, 2008 at 9:40 am EST. A...
HEALTHCARE: CEO search on, Higby eyes sailing, political work Lake Forest-based home healthcare provider Apria Healthcare Group Inc. is starting its new life as a privately held company without its longtime chief executive. Larry Higby, 63, stepped down last week as Apria's chief executive as the...
Cineworld Group unveiled the appointment of Alan Roux, of Blackstone Group International, as an alternate director to Lawrence Guffey, also of Blackstone, with effect from 23 September 2008...
NEW YORK -- The Blackstone Group L.P. (NYSE:BX), announced today that it will host its third quarter investor conference call Thursday, November 6, 2008 at 11:00 am ET. Stephen Schwarzman, Chairman and Chief Executive Officer, Tony James, President and Chief Operating Officer; Laurence Tosi, Chief Financial Officer; and Joan Solotar,...
NEW YORK -- The Blackstone Group L.P. (NYSE:BX), announced today that it will host a 9:30 am EST conference call for the media on Thursday, November 6, 2008 on its third quarter 2008 earnings results. The conference call can be accessed by dialing +1 866-814-8483 (U.S. domestic) or...
Centerline Holding Company, a real estate lender whose troubles were identified in a Wall Street Journal report last week, is in negotiations with the Blackstone Group to get out of a 100,000 s/f lease that it took at the base of 1095 Avenue of the Americas, sources say. ...
NEW YORK, Oct. 27 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 index: -- Apria Healthcare Group Inc. will be removed from the S&P MidCap 400 after the close...
The Blackstone Group announced that it has appointed a new team of advisory professionals for its Asia region, based in Hong Kong and Beijing. The team, which is twelve strong, includes two partners and three managing directors. The partners are Anthony Steains, formerly with Lehman Brothers, and Jianping Zheng, formerly...
Industry Veteran Will Drive Blackstone's CA State Government Services SACRAMENTO, Calif. -- As a top provider of Technology Consulting Services to the California State Government, Blackstone Technology Group, Inc. announced today the expansion of its leadership team through the addition of Rick Venegas, as a Senior Director of...
BEIJING AFP — China's sovereign wealth fund has increased its stake in the US private equity firm Blackstone Group to more than 10 percent, according to state media. But the investment was still short of the 12.5 percent limit recently agreed between China Investment Corporation CIC and Blackstone,...
TULSA, Okla. -- SemGroup, L.P. ("SemGroup") announced its plans to evaluate offers to sell its wholly-owned subsidiary, SemLogistics Milford Haven Limited ("SemLogistics"), which operates the largest independent fuel storage facility in the United Kingdom. Located in Milford Haven on the west coast of Wales, the facility provides 8.5 million barrels...
DENVER -- Dividend Capital Total Realty Trust Inc., a diversified real estate investment trust REIT, announced today the closing of a debt-related investment. On September 25, 2008, Dividend Capital Total Realty Trust acquired a $21.3 million debt interest through a joint venture partnership with Pearson Partners Inc., a...
Celebrating 75 years in real estate this year, Milbrook Properties, Ltd. announced it has completed completed its latest 1031 exchange and the purchase of three additional assets totaling $117,650,000. These new properties were the last part of a six building tax free exchange with a combined value of...
BEIJING & NEW YORK -- China National Chemical Corporation ("ChemChina") and The Blackstone Group ("Blackstone") today announced the closing of Blackstone's investment in China National Bluestar Group Corporation ("Bluestar"), a wholly owned subsidiary of ChemChina. Bluestar has also completed its group restructuring and has registered as a Sino-foreign joint stock...
Articles 2008-10-06
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