Blackstone not planning to break up Hilton
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Blackstone Group  said on Monday it plans to invest in recently acquired Hilton Hotels Corp and has no plans to sell any of the company's brands or major assets.
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Equity Office Properties Trust   said on Friday that its board of trustees has voted to reaffirm  its support for a $54 per share takeover offer from private  equity firm The Blackstone Group, despite a higher competing  bid from Vornado Realty Trust.
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Fashion house Gucci Group doesnât expect its Yves Saint Laurent label to break even in the next three years, but said it is keeping to its promise not to axe any of its smaller brands.
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Private equity firm Blackstone Group  is expected to name Host Hotels & Resorts Inc  chief executive Christopher Nassetta as president and CEO of its recently acquired Hilton Hotels Corp, the Wall Street Journal reported on Monday.
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The $3 billion investment in the Blackstone Group did not signal a broader attempt to gain control of foreign companies, officials said.
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Rumors that the Swiss banking giant is set to divide in two are unlikely to be true.
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World stock markets rose Wednesday and European indexes were buoyed after Hilton Hotels agreed to be bought by the equity firm the Blackstone Group.
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The restoration of the Blackstone, a fabled but long vacant hotel, is evidence of a reviving lodging market in one of the countryâs largest convention cities.
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CHICAGO -- The Pritzker family&#39;s Hyatt Corp. said Thursday it plans to buy the AmeriSuites hotel chain from Blackstone Group in a deal reportedly worth more than $600 million.
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Security-to-pest-control firm Rentokil Initial has ruled out a break-up as it reports back from a strategic review amid rumours the embattled company is in the sights of buyout firms.
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Europe's latest shot across Microsoft's bow shouldn't faze investors.
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Although the companyÂs organizational chart will slightly change, it does not mean the bankÂs strategy will.
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Bookmaker Ladbrokes continues to boost profits for its parent company, hotels group Hilton.
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Blackstone Group  raised its bid for Equity Office Properties Trust  to $23 billion in cash on Tuesday after rival bidder Vornado Realty Trust  sweetened its own offer in the latest round of the fight to control the top U.S. office landlord.
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The money-transfer company isn't taking a breather.
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NEW YORK -- Blackstone Group LP, the investment firm known for making billion-dollar bets to buy huge companies and take them private, jumped almost 20 percent Friday in its debut on the New York Stock Exchange.
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Blackstone Group raised its offer for Equity Office Properties Trust to $39 billion in an attempt to thwart rival bidder Vornado Realty Trust a day before shareholders vote on what would be the largest leveraged buyout ever.