Blackstone third-quarter earnings drop less than expected

Blackstone third-quarter earnings drop less than expected
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc (BX.N), the world’s largest manager of alternative assets such as private equity and real estate, said on Wednesday its distributable earnings... Read More

Blackstone reports better-than-expected third-quarter earnings

Blackstone reports better-than-expected third-quarter earnings
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc (BX.N), the world’s largest manager of alternative assets such as private equity and real estate, said on Wednesday that its distributable... Read More

Explainer: As Draghi era ends at ECB, cheap money concerns nag

Explainer: As Draghi era ends at ECB, cheap money concerns nag
LONDON (Reuters) – Mario Draghi hands over power at the European Central Bank to Christine Lagarde amid fierce debate over the ultra-loose money policies he spearheaded to aid a eurozone recovery from the financial crisis. FILE PHOTO: ECB President Mario Draghi arrives at a European Union leaders summit in Brussels, Belgium March 22, 2019. Julien Warnand/Pool via REUTERS/File Photo Led... Read More

Howard Hughes announces management reshuffle, to sell assets worth $2 billion

Howard Hughes announces management reshuffle, to sell assets worth $2 billion
(Reuters) – Howard Hughes Corp (HHC.N), which counts activist investor William Ackman as chairman, said on Monday it would sell about $2 billion of non-core assets following a strategic review and announced a management reshuffle. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S.,... Read More

Wall Street weighed by Boeing, J&J, bleak China data

Wall Street weighed by Boeing, J&J, bleak China data
NEW YORK (Reuters) – Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing and bleak economic data from China soured investor risk appetite, offsetting generally positive corporate earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 18, 2019. REUTERS/Brendan McDermid While the three major U.S. stock... Read More

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy – sources

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy – sources
(Reuters) – U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said. FILE PHOTO: A Sears department store is pictured in La Jolla, California, U.S., March 22, 2017. REUTERS/Mike Blake The new financing... Read More

Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations

Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations
(Reuters) – The $100 billion Vision Fund of Japan’s SoftBank Group Corp (9984.T) has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5,... Read More

Wall Street edges higher on robust earnings, Brexit deal

Wall Street edges higher on robust earnings, Brexit deal
NEW YORK (Reuters) – Wall Street gained ground on Thursday as positive geopolitical developments and a string of corporate earnings beats put investors in a buying mood. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2019. REUTERS/Brendan McDermid A moderate but broad-based rally sent all three major U.S.... Read More

What makes Japanese hotelier Unizo attractive for Blackstone and Elliott?

What makes Japanese hotelier Unizo attractive for Blackstone and Elliott?
TOKYO (Reuters) – Little-known hotelier Unizo Holdings Co Ltd (3258.T) has found itself the center of private equity attention, with global names vying for the opportunity to buy into Japan’s property market on the cheap. However, the rare-for-Japan takeover approach which sparked interest in Unizo has left the hotelier fighting off suitors both hostile and friendly, in an unprecedented manner... Read More