Fox Business - The Power to Prosper
Search Site

Blackstone Group

Related Topics

  1. Steve Schwarzman
  2. Henry Kravis
  3. Bloomberg News
  4. David Rubenstein
  5. Mark Hurd
  6. Leon D. Black
Get updates on Blackstone Group
Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers

The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.In the past week, federal authorities have issued grand jury subpoenas seeking testimony from Cohen and others at SAC Capital, The New York Times first reported. Two people familiar with the matter confirmed to Reuters that subpoenas had been issued and Cohen was among those served.A SAC Capital spokesman declined to comment on the situation as did the firm's longtime outside lawyer Martin Klotz. Federal authorities also declined to comment.Several defense lawyers, including some who are former federal prosecutors, said the move to subpoena Cohen was curious as he would likely assert his Fifth Amendment constitutional right against self-incrimination."I don't know what purpose it serves," said Michael Bachner, a former federal prosecutor, who now represents defendan...

Read More ›

  1. Bankers see M&A recovery after deals drop 7 percent so far in 2013

    A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks a...

  2. U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH

    Among the companies with shares expected to actively trade in Thursday's session are Cisco Systems Inc. (CSCO), Wal-Mart Stores Inc. (WMT) and Kohl's Corp. (KSS).Cis...

  3. Analysis - Blackstone and peers have a bargain for you: themselves

    Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to co...

  4. DDR to Buy Shopping Centers in $1.46 Billion Deal

    DDR Corp. (DDR) plans to acquire a portfolio of shopping centers from its joint venture with Blackstone Group L.P. (BX) in a $1.46 billion deal.Under the proposed de...

  5. Dell Moves up Earnings Release

    Dell (NASDAQ:DELL) revealed plans on Tuesday to move up its earnings release by five days and reports suggest the struggling PC maker's profits will significantly mi...

  6. Our position in Blackstone looks like a winner

    By Brian SkallyWhile we have generally found the most attractive opportunities for our Absolute Returns portfolio in areas other than IPOs, the business of private e...

  7. ESPN, Twitter Expand Tie-Up

    ESPN and Twitter Inc. are announcing a major expansion of their collaboration to post sports-related videos on the short-messaging service--part of a growing wave of...

  8. Kirkland builds leading M&A practice on big hires, deals

    The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion...

  9. New Dell Buyout Proposal Emerges

    Billionaire Carl Icahn and Southeastern Asset Management teamed up this week to lay out an alternative transaction to Dell (NASDAQ:DELL) shareholders who are unhappy...

  10. Investors Heart Bank Loan ETF; Inflows Say So

    Investors really like bank loan mutual funds and ETFs. Retail cash inflows into the high-yielding products totaled $1.03 billion for the week ended May 8, Leveraged ...

  11. Icahn, Southeastern propose alternative to Dell buyout deal: WSJ

    Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's largest shareholders, have proposed an alternative to a $24.4 billion buyout de...

  12. Ares Management to buy real estate investor AREA Property: WSJ

    Investment firm Ares Management will acquire AREA Property Partners, gaining the New York-based real estate investor's $6 billion in assets, the Wall Street Journal ...

  1. Rockwood pigments businesses attract private equity bids: sources

    Specialty chemicals producer Rockwood Holdings Inc's pigments businesses have attracted offers from buyout firms including Blackstone Group LP and Advent Internation...

  2. Solar Stocks Help ADR Shares End Higher

    International companies trading in New York closed higher Monday amid rising solar stocks and positive comments out of Japan about its economy.The Bank of New York i...

  3. Blackstone , Pactera insiders make $680 million offer

    Pactera Technology International Ltd said on Monday that Blackstone Group LP , together with the company's management, made a $680.3 million non-binding proposal to ...

  4. Plot Thickens: Hedge Fund Owner Gets Subpoenaed

    The legal battle surrounding SAC Capital Advisors appears to be ramping up as the U.S. is now considering criminal charges against the embattled hedge fund and has s...

  5. Group Led by Blackstone Launches Bid for Pactera

    A consortium led by U.S. private equity firm Blackstone Group L.P. (BX) has launched a bid for U.S.-listed Chinese outsourcing firm Pactera Technology International ...

  6. Pen Pals: Dell Committee Writes Another Letter to Icahn

    For the second time in a week, the special committee running Dell's (NASDAQ:DELL) buyout process fired off a letter to billionaire Carl Icahn on Monday that requeste...

  7. Exclusive: Onex fails to find buyer for Carestream Health

    Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Blackstone Group on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL