Blackstone reported an unexpected third- quarter loss as an 11 percent drop in the value of its buyout holdings forced the reversal of previously booked fees. Economic net income, a measure of earnings excluding some costs tied to the firm’s initial public offering, showed a loss of $341.9 million, or 31 cents a share, compared with a profit of $339.3 million, or 31 cents, a year earlier…“The third quarter presented extremely challenging market conditions, dominated by risk aversion and volatility,” Schwarzman said in today’s statement. “Our earnings were not immune to the sharp downward trajectory of global markets.” [Bloomberg, related]
Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
Keep reading »
It’s not just doctors and scientists that need STEM education. America’s shifting economy is demanding more trained workers in many different sectors. See how Travis Brooks got the hands-on education he needed to become a technician at the Chevron Pascagoula Refinery. Visit The Atlantic to learn more.
- Sage Kelly Bids Jefferies Adieu
- Bonus Watch '14: Jefferies
- Bonus Watch '14: Investment Analyst Turned Fantasy Sports Team General Manager
- Opening Bell: 12.17.14
- Jorge Posada As Good At Picking Financial Advisers As He Was At Throwing Out Baserunners
- Bill Ackman Just Can't Help Himself
- Goldman Sachs Ready To Show Everyone How This Whole ETF Thing Is Done
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Ex-BlackRock Exec Regrets £43,000 Commuting Scam, Will Never Work In This Town Again
- Layoffs Watch ’14: Citi Mailroom
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com