Blackstone profit up on real estate gains

Bloomberg News - (Bloomberg) - Blackstone Group, the world's largest private-equity firm, said fourth-quarter profit rose 56% as the value of its real estate investments gained. Profit, excluding some costs tied to the firm's 2007 initial public offering, increased to $512.7 million, or 46 cents a share, from $329.4 million, or 29 cents, a year earlier, Manhattan-based Blackstone said Thursday ...

Read full post here. Yahoo! News

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