Archive for June, 2009

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While the Blackstone Group (NYSE: BX) is primarily known as a private equity firm, this actually understates things. In fact, it is a diverse global platform that spans hedge funds, corporate advisory, and real estate investments.

Actually, the real estate segment is getting more massive. This week Blackstone announced that it raised a $4.3 billion real estate fund with the main focus on opportunities in Europe. It’s called the Blackstone Real Estate Partners Europe III fund (for whatever reason, these funds can be a mouthful).

True, Europe has been mired in a recession (hey, who hasn’t?). But then again, Blackstone has a good sense of market cycles and will take the long view. So, this move is certainly a positive — indicating that there’s hope of an eventual comeback (and that big-money investors are willing to make a bet on it).

However, don’t expect a rush of deals. For the most part, Blackstone has the luxury of biding its time to find the right transactions. Besides, there are several European banks that need to shore up their capital, which means unloading properties, presenting even more chances for strong returns.

And where might the best opportunities be? According to Blackstone, it looks like the focus will be on the U.K. and Germany.

Tom Taulli is the author of various books, including The Complete M&A Handbook, and the founder of BizEquity, a free online business valuation tool for small businesses. You can reach him at his personal blog.

Blackstone expects recovery in Europe originally appeared on BloggingBuyouts on Tue, 30 Jun 2009 08:40:00 EST . Please see our terms for use of feeds.

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Microsoft Corporation (NASDAQ: MSFT), already a holding on our buy list, was added to Goldman Sachs’ Conviction Buy List,” says Bill Martin. In BullMarket.com, he offers the reasoning for his continued buy rating.

“Analyst Sarah Friar at Goldman recently raised her price target on the name to $29 from $25 saying, ‘We are adding Microsoft to our Conviction List as we think the combination of better revenue drivers, improved expense management, and sizable cash balances provides more opportunities for bottom-line beats.’

“‘Windows 7, Windows Server 2008 R2, Bing, Xbox 360 and new Halo content, Office 2010, and the Azure Cloud provide renewed innovation beyond anything we have seen in multiple years,’ Friar wrote.

Continue reading Microsoft (MSFT): Bet on Bing?

Microsoft (MSFT): Bet on Bing? originally appeared on BloggingStocks on Mon, 29 Jun 2009 16:30:00 EST. Please see our terms for use of feeds.

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Google, Inc. (NASDAQ: GOOG) is the largest search provider on the entire world wide web. It handles more advertising than any other company in the world and is extending its reach into multiple areas still to today, including several disruptive online areas. Yet, the behemoth still thinks it’s not that huge in the grand scheme of things. Do you concur?

Continue reading Google argues that it isn’t really that big after all

Google argues that it isn’t really that huge after all originally appeared on BloggingStocks on Tue, 30 Jun 2009 16:20:00 EST. Please see our terms for use of feeds.

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Wall Street dives on sinking consumer confidence - Economic Times
NEW YORK: Wall Street slumped Tuesday after a report showing a surprise fall in consumer confidence dented hopes for a recovery in spending to lead the country out of recession. The major indices reversed cautious opening gains, and the Dow Jones

Energy Stocks Boost Nikkei - Wall Street Journal
Asian stock markets ended mixed Tuesday, with overnight gains on Wall Street and higher oil prices setting the stage for an advance in Japan and Australia. But Chinese and Indian stocks retreated as investors locked in profits on the last trading

Wall Street sinks along with consumer confidence - West Online
Wall Street shares closed on a sour note on Tuesday after a surprise fall in consumer confidence dented hopes for a recovery in spending to lead the country out of recession. The Dow Jones Industrial Average slumped 81.85 points (0.96 per cent) to 8

Australian share makret tumbles on weak Wall Street - The Australian
At 10.15am (AEST), the benchmark S&P/ASX200 was down 61.7 points, or 1.56 per cent, at 3893.2, while the broader All Ordinaries had fallen 57.6 points, or 1.46 per cent, to 3890.2 points. A fall in consumer confidence in the US dented hopes for a

Aussie stocks follow global slide - Adelaide Now
AUSTRALIAN stocks are trading in the red following Britain’s economy slump falls on Wall Street sparked by surprisingly weak consumer sentiment. At 1015 AEST, the benchmark S&P/ASX200 was down 61.7 points, or 1.56 per cent, at 3,893.2, while the

Wall Street ends 2nd quarter on sour note - Business Times Malaysia
NEW YORK: Wall Street shares shut second quarter on a sour note Tuesday after a surprise fall in consumer confidence dented hopes for a recovery in spending to lead the country out of recession. The Dow Jones Industrial Average shed 82.38 points (0

Gannett laying off 1,000 as ad sales slide: report - Reuters
SAN FRANCISCO (Reuters) - Gannett Co. Inc Co, which owns top-selling newspaper USA This day, is laying off more than 1,000 staff to try and combat persistent declines in revenue, the Wall Street Journal reported on Tuesday. The cuts will come from the

Australian market slides on open - West On the internet
The Australian share market opened lower following falls on Wall Street sparked by surprisingly weak consumer sentiment. At 0815 WST, the benchmark S&P/ASX200 was down 61.7 points, or 1.56 per cent, at 3,893.2, while the broader All Ordinaries had

Australian sharemarket falls with mining downturn - The Australian
SHARES opened the new financial year in the red, falling 1.7 per cent after losses on Wall Street and in the mining sector. Shaky ground: Consumer pessimism in the US and a fall on Wall Street combined to give the Australian sharemarket a dismal

Small Cap Research Reports and Penny Stock Profiles Provided by Wall - Transworld News
To facilitate small cap and microcap traders in identifying emerging growth companie s that carry the potential for high yield gains Wall Street Grand has designed a comprehensive menu of investor tools that include free research reports and stock

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Sheppard Mullin Launches Video Game Industry Blog Newest On the web Legal - PR Inside
LOS ANGELES, CA — (Marketwire) — 06/30/09 — Sheppard, Mullin, Richter & Hampton LLP has launched a Video Game Industry Legal Blog ( www.lawofthelevel.com : ). The online resource focuses on issues important to the gaming sector. The blog is

Documentary digs deep into gas industry - Shreveport Times
For seven months, Gregory Kallenberg has been crafting a large story from inside a little executive suite in downtown Shreveport. The producer-director and his team just finished the first cut of “Haynesville,” a documentary about the natural gas

Music Industry Business - Music Business Management - Music Industry - Billboard
Billboard.biz is the on the web home for Billboard subscribers and music industry professionals. It’s the home for the weekly contents of Billboard Magazine . The site features breaking news, complete listing of charts, with special coverage of Radio

Crestron and Intelity Partner on Industry-Changing Integrated - PR Inside
ROCKLEIGH, NJ, June 30, 2009 – Crestron Electronics, the world leader of advanced enterprise control solutions, and Intelity, a leading innovator of interactive hospitality technology, have joined efforts to deliver the only complete, fully

Wells Fargo’s Tim Dunleavy Recognized As Insurance Industry Employee - StreetInsider.com
CHICAGO–(BUSINESS WIRE)– Wells Fargo Insurance Services announced today that Tim Dunleavy, senior vice president from the company’s Bloomington, Minn. office received Risk & Insurance’s 2009 employee benefits “Power Broker” award in the healthcare

China Delays Mandatory Security Software Initiative - Redorbit.com
China’s Ministry of Industry and Information Technology on Tuesday announced that it would back away from previous plans to force computer makers to bundle filtering software with all computers. The announcement came less than one day before the

Sea freight market set to remain volatile-industry - Forbes
LONDON, June 30 (Reuters) - Freight rates are expected to remain volatile in the coming months with demand for goods still being driven by Chinese imports of raw materials, ship industry officials said on Tuesday. The Baltic Exchange’s main sea

New Documentary Slams US Food Industry - Voice of America
Food Inc. , a new documentary by director Robert Kenner, points an accusing finger at the U.S. food industry - a corporate monopoly, it says, that treats livestock inhumanely and grows genetically altered crops with fertilizers and pest killers that

Research and Markets: The Direct Marketing Services Industry in the U - AOL
First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the “heavy lifting” by synthesizing hundreds of sources into an simple to digest

Wells Fargo’s Tim Dunleavy Recognized As Insurance Industry Employee - Businesswire.com
CHICAGO–( BUSINESS WIRE )–Wells Fargo Insurance Services announced this day that Tim Dunleavy, senior vice president from the company’s Bloomington, Minn. office received Risk & Insurance’s 2009 employee benefits “Power Broker” award in the

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CBC real estate eyed for sale in bid to scale back costs: Lacroix - Jam! Showbiz
TORONTO - The CBC says it would think about selling buildings that house its radio and TV stations in a bid to wrangle control over its cash-strapped budget. Hubert Lacroix, president of CBC/Radio-Canada, says anything could be up for sale if efforts to

Cash-strapped CBC eyes real estate sale - CNEWS
TORONTO — The CBC says it would think about selling buildings that house its radio and TV stations in a bid to wrangle control over its cash-strapped budget. Hubert Lacroix, president of CBC/Radio-Canada, states anything could be up for sale if efforts

Colorado mortgage rates fall again - Birmingham Business Journal
The average 30-year mortgage rate quoted to Colorado borrowers has fallen for the second consecutive week, the real estate company Zillow reported Tuesday. Seattle-based Zillow compiles rates quoted by 4,000 participating mortgage lenders to

Ideal in Commercial Real Estate - San Antonio Business Journal
Come join us as we celebrate the Ideal in Commercial Real Estate Awards, featuring outstanding projects and transactions in the San Antonio area. This special awards event will be held at Oak Hills Country Club on July 31st, with registration starting

Japan’s Orix to raise $1 bln in share sale-sources - Forbes
TOKYO, July 1 (Reuters) - Orix Corp , a Japanese leasing company and a major real estate investor, plans to raise about 100 billion yen ($1 billion) through a public share offering, three people familiar with the matter stated. Orix will announce the

Who’s to blame for the housing crash? - Salon
But “Our Lot” is also a reminder that our memories are short, and that the same mix of hope, greed, good intentions and bad policy has been inflating and popping real estate bubbles since the days of LBJ. Behind it all is a conviction shared by

Your Questions Answered - Associated Press
SHANGHAI (AP) — China risks frittering away its stimulus spending on speculation in stocks and real estate, reports said Monday, citing economists who state surging bank loans risk inflating risky asset bubbles. The comments by prominent economists

Real Estate Agents - Fort Lauderdale Sun-Sentinel
Real estate agents, also known as sales agents and brokers, facilitate or negotiate the sale or purchase of any property, most frequently a home. An agent is usually the person managing a specific deal; a broker is usually the person running a firm

Listen: Journalists Missed the Real Estate Bubble - Paste Magazine
Did the mainstream media miss the real estate bubble? On today’s Morning Media Menu, journalist Alyssa Katz talked about her new book, ” Our Lot: How Real Estate Came to Own Us “–criticizing journalists’ failure to report on foreclosures and bad

Real estate column: Rent-to-own makes comeback - Fond du Lac Reporter
When we first moved to Fond du Lac in 1981, the real estate and financing market was in a different kind of crisis: Mortgage rates ranged between 18 percent and 21 percent. Sales were down dramatically because high interest rates pushed homes beyond

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BizTime: Public Money, Private Care - English Eastday
In the most current health care reform proposal, the government said again that it will try to introduce more private capital into the system to run not-for-profit hospital. Private and nonprofit might seem contradictory, so we decided to find out how

Monitise seals $13 mln mobile money deal with Visa - Reuters UK
LONDON (Reuters) - Mobile banking and payments service provider Monitise has signed a five-year strategic agreement with Visa International worth $13 million (7.9 million pounds), it said on Tuesday, lifting its shares. Monitise said Visa

Michael Jackson’s mother wins temporary control of estate - Reuters
LOS ANGELES (Reuters) - Michael Jackson’s mom Katherine on Monday won temporary guardianship of the late singer’s kids and control of his estate as a legal battle over his children, money and belongings began to take shape. Katherine Jackson won

Florida offers help to some with home down payment - Fort Lauderdale Sun-Sentinel
Starting Wednesday, Florida hopes to stoke its real-estate market by becoming one of the few says to offer $8,000 in down-payment assistance to qualified homebuyers so they can benefit upfront from a new federal tax credit. The state Legislature

Searching for love on net can leave you penniless! - Newstrack India
Kuala Lumpur, June 30 (ANI): A 28-year-old woman lost RM19,000 after her cyber ‘lover’ tricked her into parting with her savings to help him start a business. She had thought that the cyber love affair was genuine after the stranger, purportedly from

Madoff sentence brings little comfort to some metro area investors - Detroit Free Press
Howard Lutz’s company lost money in Bernard Madoff’s Ponzi scheme, but on Monday, the Detroit businessman didn’t take any comfort in the money manager’s 150-year prison sentence. “It’s symbolic at this point,” said the president of Lutz News Co. “I

Halliburton: Julius Berger linked with $190m bribe - Vanguard
ABUJA — AS investigations into the $190 million Halliburton bribe money continued, it has emerged that principal character in the saga, Mr. Jeffery Tessler, a lawyer, allegedly used construction giant, Julius Berger Nigeria Plc to distribute the

N.H. Community Loan Fund gets stimulus money - Portsmouth Herald
CONCORD, N.H. (AP) — A New Hampshire nonprofit states it’s getting $2 million in federal stimulus money to help mobile-home owners, day care centers and others. Small businesses and smaller nonprofits also will benefit. The New Hampshire Community

Investors scurry to Wall Street after seeing spike in oil prices - Honolulu Advertiser
Energy, industrial and materials stocks pulled the market higher in light trading yesterday as investors raced to keep up with the gains in oil. Crude rose $2.33 to settle at $71.49 a barrel on the New York Mercantile Exchange after China stated it

Iraqi oil licensing round runs into trouble - Fort Mill Times
BAGHDAD Iraq’s long-awaited licensing round to develop some of its huge oil reserves stumbled Tuesday as oil and gas companies dug in their heals, demanding more money for their efforts than the government was willing to pay. International oil

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Wall St climbs with oil sector, end-of-quarter buys - ABS-CBN
NEW YORK – Stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter’s winners to burnish their portfolios. Energy shares ranked among the quarter’s strong performers, and a 3.4 percent

Bernie Madoff, a master actor behind a big con trick - News.com.au
IN A city famous for money and theatre, Wall Street doyen Bernard Madoff was a master of both, using his charm to obtain billions from his clients who tiny suspected he was a master con artist. With little more than his wit and the implicit trust

Australian sharemarket rises 1.7pc as miners strengthen - The Australian
SHARES rebounded this day, led by energy producers and miners, after a positive lead from Wall Street and gains in commodity prices. The S&P/ASX 200 rose 64.7 points, or 1.7 per cent, to 3951.6 in early trade, and the All Ordinaries was up 63.20 points

Frenzy outside the court: Madoff gets 150 years - KTAR.com
NEW YORK (AP) - Inside a packed Manhattan courtroom, Miriam Siegman and eight other victims of Bernard Madoff directed their anger at the 71-year-old disgraced financier. Madoff “discarded me like road kill,” Siegman stated. Even before the one-time

Wall Street swindler Madoff jailed for 150 years - Hindustan Times
Wall Street swindler Bernard Madoff was jailed for 150 years Monday, dealt the maximum sentence for his multi-billion dollar scam that ruined Hollywood clients and middle-class pensioners alike. “It is the judgment of this court that Bernard Madoff

Wall Street swindler Madoff sentenced to 150 years in prison - Honolulu Advertiser
NEW YORK — One hundred and fifty years. Bernard Madoff showed no emotion when U.S. District Court Judge Denny Chin today sentenced the convicted Wall Street swindler to the maximum for pulling off the largest Ponzi scheme in history. “Symbolism is

Market expected to follow Wall Street up - West On the web
The Australian sharemarket is expected to open stronger after gains on Wall Street as investors looked optimistically ahead to key economic data due for release this week. At 4.50am on the Sydney Futures Exchange, the September share price index

Madoff, the Wall Street baron - The Age
In a city famous for money and theatre, Wall Street doyen Bernard Madoff was a master of both, using his charm to wheedle billions from his clients who little suspected he was a master con artist. With tiny more than his wit and the implicit trust

Victims of Madoff’s alleged Wall Street scam spread to Europe - ABC News
The list of victims of an alleged Wall Street swindle of giant proportions spread into Europe on Monday, raising questions about the level of competence of U.S. financial regulators. Britain’s Royal Bank of Scotland acknowledged it was exposed to

Bernard “Bernie” Madoff handed 150-year jail term for Wall St Ponzi - News.com.au
UPDATE 7.18am: WALL St swindler Bernard Madoff has been sentenced to 150 years in jail for his large financial fraud. US District Judge Denny Chin handed down the sentence - the maximum term possible - in New York. The former Nasdaq chairman was

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SiteStuff Celebrates 10 th Year of Delivering Leading Web-enabled - Businesswire.com
AUSTIN, Texas–( BUSINESS WIRE )–SiteStuff, a leader in procurement solutions for commercial real estate, will celebrate its 10-year anniversary in July. The company’s Web-enabled solutions, including Product Purchasing, Contract Management and

Former Your Black Muslim Bakery matriarch to lose real-estate license - Contra Costa Times
Esperanza Johnson, a former Your Black Muslim Bakery matriarch who left a trail of dubious real-estate deals from Antioch to Oakland, will have her real-estate broker’s license revoked effective today after a judge found she’s not “sufficiently

Reports: China lending spree going to stocks, real estate; economists - Newsday
SHANGHAI (AP) — China risks frittering away its stimulus spending on speculation in stocks and real estate, reports said Monday, citing economists who state surging bank loans risk inflating risky asset bubbles. The comments by prominent economists

A VERY BAD BANK - Der Spiegel
Mortgage lender Hypo Real Estate was one of the German banks hardest hit by the financial crisis and has received more than 100 billion euros in bailouts. Now senior parliamentarians want the bank’s current board to sue former managers for damages

Real estate agency adds commercial services - Baltimore Sun
Keller Williams Flagship of Maryland, a residential real estate agency based in Millersville in Anne Arundel County, is adding commercial real estate services to the 100-agent firm. The commercial division will be led by John Pilkins, an associate

DIB mortgage offer apt to add more risk - Business24-7
Dubai Islamic Bank’s (DIB) decision to offer property mortgages of up to 90 per cent of value might add more risk to its real estate portfolio, analysts stated. DIB this month announced 90 per cent loan-to-value (LTV) financing for properties across the

Holocaust conference urges return of Jewish real estate and art - Earthtimes
Prague - Nearly 50 countries attending a conference on seized Holocaust assets in Prague called Monday for a return of Jewish real estate and art stolen during the World War II. The conference, attended by 46 countries and marking the end of the

Fitch Rates RMR Real Estate Income Fund Preferred Shares ‘AA’ - Businesswire.com
NEW YORK–( BUSINESS WIRE )–Fitch Ratings assigns the following ratings to auction rate preferred shares (ARPS) issued by RMR Real Estate Income Fund (NYSE Amex: RIF), a closed-end investment company managed by RMR Advisors, Inc.: –Series M - 64

Asset bubbles becoming apparent in China - Business World
SHANGHAI — China is showing signs of asset price bubbles as a surge in new lending pushes up prices in the stock and real estate markets, the official Shanghai Securities News quoted a government think tank official as saying. Wei Jianing, a senior

Emaar to merge with rivals in Dubai - Daily Reporter
Cairo (AP) — The Dubai developer behind the world’s tallest building plans to merge with three rivals owned by the sheikdom’s ruler, in a consolidation aimed at better coping with a global meltdown fueled weakness in the one-time Arab boomtown

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Research and Markets: Niger Uranium Mining Industry Analysis and - Earthtimes
The report provides detailed analysis and forecasts of the uranium mining sector in Niger. It also analyses and forecasts uranium mining capacity and industry growth. Major players in Niger’s uranium mining sector and their expansion strategies are

ip.access earns double honours at inaugural Femtocell Industry Awards - TMCnet
The Modern Contact Center and Workforce Management’s Vital Role Learn more, download free white paper. Realizing the Full Promise of Workforce Management Technology: Avoiding Mistakes That Short-Change Your Investment Learn more, download free white

Research and Markets: US Utah Oil and Gas Exploration and Production - PR Inside
Research and Markets ( www.researchandmarkets.com/research/772d99/us_utah_oil_and_ga : ) has announced the addition of GlobalData’s new report ” US Utah Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts

Music Industry Business - Music Business Management - Music Industry - Billboard
Billboard.biz is the on the web home for Billboard subscribers and music industry professionals. It’s the home for the weekly contents of Billboard Magazine . The site features breaking news, complete listing of charts, with special coverage of Radio

Diverse biotech industry pumps millions into state, national economies - Green Bay Press-Gazette
BROTHERTOWN — The corn crop sprouting on Bill Hansen’s 150-acre farm in Calumet County has a secret: It’s fortified with special traits at the microscopic level. Such genetic alterations start with the corn seed, which grants it to grow into a

Credit Card Industry Will Stay Profitable: Study - ABC News
Analysts at Keefe, Bruyette and Woods stated the credit card industry will continue to be a profitable area for banks despite new credit card regulations. (Getty Images) (Reuters) - The credit card industry will continue to provide one of the most

Diebold Named Among Industry List of 10 Ideal Outsourcing Services - Newsblaze.com
NORTH CANTON, Ohio, June 29 /PRNewswire-FirstCall/ — As evidence of the company’s success in delivering world-class services for financial institutions’ non-core operations, Diebold, Incorporated (NYSE: DBD) was listed among the International

Research and Markets: The Taiwanese Enterprise VoIP Equipment Industry - Earthtimes
This research report presents shipment volume and value forecast and recent quarter review of the Taiwanese enterprise VoIP equipment industry. The report includes IP phone and VoIP gateway shipment volume, shipment value and ASP, as well as shipment

Research and Markets: Czech Republic Uranium Mining Industry Analysis - Businesswire.com
The report provides detailed analysis and forecasts of the uranium mining sector in Czech Republic. It also analyses and forecasts uranium mining capacity and industry growth. Major players in Czech Republic’s uranium mining sector and their

ip.access: ip.access earns double honours at inaugural Femtocell - TMCnet
Jun 29, 2009 (M2 PRESSWIRE via COMTEX) — ip.access, the multi-award winning developer of picocell and femtocell solutions, added to its impressive haul of industry accolades when it scooped an Awards double at the Femto Forum’s inaugural Femtocell

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