Blackstone Inc

Stock futures rise as traders await fresh economic data: Live updates
World

Stock futures rise as traders await fresh economic data: Live updates

China property stocks drop after housing ministry briefing; most Asia-Pacific markets slip SINGAPORE 一 Most Asia-Pacific markets fell Thursday after a briefing from China’s housing ministry failed to impress investors, sending the country’s property stocks tumbling. The CSI 300 real estate index — which had gained over 5% on Wednesday — fell nearly 8%, while […]

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Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
Finance

Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more

Check out the companies making headlines before the bell. Boeing — Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P […]

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Blackstone exec reveals how to make money when investing in India —  and the mistake to avoid
World

Blackstone exec reveals how to make money when investing in India — and the mistake to avoid

India’s economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. India is set to become the world’s third-largest economy by 2027, according to its finance ministry . The country’s stock market has also been […]

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Stocks making the biggest moves midday: Visa, Smartsheet, JD.com and more
Finance

Stocks making the biggest moves midday: Visa, Smartsheet, JD.com and more

Check out the companies making headlines in midday trading: Visa — Shares dropped nearly 4% following a Bloomberg report that the Justice Department is preparing to file an antitrust lawsuit against the credit card network and payments processor. Smartsheet — Shares surged more than 6% after Blackstone and Vista Equity Partners agreed to buy the […]

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Blackstone and Vista Equity Partners to acquire software maker Smartsheet for .4 billion
Technology

Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion

Smartsheet CEO Mark Mader. Source: Smartsheet Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet’s average closing price over the last three months. The company had been gauging […]

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Motel 6 sold to Indian hotel operator Oyo for 5 million
World

Motel 6 sold to Indian hotel operator Oyo for $525 million

A Motel 6 Fort Worth Star-Telegram | Tribune News Service | Getty Images The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company G6 Hospitality, announced Friday that the deal would be […]

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88 corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
Politics

88 corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box

U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024. Joseph Prezioso | AFP | Getty Images WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in […]

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Blackstone-led consortium nears .5 billion deal to acquire AirTrunk, Reuters reports
World

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, Reuters reports

Blackstone offices in New York City. Erik Mcgregor | Lightrocket | Getty Images A consortium led by Blackstone is nearing a deal to acquire Australian data center group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday. Blackstone and its partner, the Canada Pension Plan Investment Board, emerged as […]

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NFL expected to vote in favor of private equity ownership; select firms to commit  billion
Business

NFL expected to vote in favor of private equity ownership; select firms to commit $12 billion

Jacob Kupferman | Getty Images The NFL’s most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League’s 32 owners are expected to vote in favor of allowing select private equity firms to buy up to a 10% stake of a team. […]

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As the super-rich pile into alternatives, a top investment manager reveals how others can too
World

As the super-rich pile into alternatives, a top investment manager reveals how others can too

There’s a growing interest in alternative assets from all corners of the investing landscape, including family offices, endowment funds, insurers, financial advisors — and increasingly the super-rich , according to investment manager Juan Delgado-Moreira. “The ultra-high-net-worth are drawn to private markets and are increasing their allocations to the asset class because they offer a range of […]

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