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Blackstone Third-Quarter Profits Top Estimates

Blackstone Third-Quarter Profits Top Estimates

Blackstone Group LP (NYSE: BX), the world’s largest manager of alternative assets, reported Thursday an increase in third-quarter profit that exceeded analyst expectations as continuing market strength boosted the value of its investments.Net ..

Goldman Sachs Reports Better-than-Expected Third Quarter Earnings

Goldman Sachs Reports Better-than-Expected Third Quarter Earnings

Goldman Sachs Group, Inc. (NYSE: GS) on Tuesday reported third-quarter earnings that topped analysts’ estimates, driven by higher net revenues in Investment Banking and Investment Management.The bank said net revenue rose 4% to USD 8.65 Billio..

Papa John’s Shares Soar On Takeover Rumors

Papa John’s Shares Soar On Takeover Rumors

Trian Management Fund LP announced on Tuesday that it is considering a takeover bid for Papa John’s Inc. (NASDAQ: PZZA), according to the Wall Street Journal, sending shares of the restaurant franchise up 16% in after-hours trading.The activis..

GE Stock at 9-Year Low

GE Stock at 9-Year Low

General Electric (NYSE: GE) has experienced a 52.43% share price drop in the past year. The conglomerate ranked no. 1 in the S&P 500 in 2004, worth USD 400 billion, is now ranked no. 59 in the S&P’s most valuable companies.  ..

Booming “Safe” Stocks Have Wall Street Alarm Bells Ringing

Booming “Safe” Stocks Have Wall Street Alarm Bells Ringing

With a risk averse investing style becoming very popular within the last year, the surge in “Safe” and “Quality” stocks has been booming. A safe and quality stock is one in which the company or bank has low debt and high prof..

After Criminal Probe, SEC will bring a legal suit against Musk

After Criminal Probe, SEC will bring a legal suit against Musk

The Security and Exchanges Commission is bringing forth legal action against Elon Musk. The SEC claims that Musk’s carelessness, erratic behavior and misleading of customers/investors about receiving funding are reasons for this lawsuit as the..

Fox Will Sell Sky Stake to Comcast for USD 15 Billion

Fox Will Sell Sky Stake to Comcast for USD 15 Billion

Twenty-First Century Fox Inc. (NASDAQ: FOXA) announced on Wednesday it will sell the remainder of its stake in U.K. based broadcaster Sky after being beat out by Comcast Corp. (NASDAQ: CMCSA) in a takeover bid.Comcast and Fox have been involved in a..