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Monday, June 30, 2014

Market Chatter- Corporate finance press digest, (NYSE: BX)

The following corporate finance-related stories were reported by media: * The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France's biggest bank, sources familiar with the matter said.* A direct investing initiative that Blackstone Group LP is working on in its hedge funds group involves independent management companies, the Wall Street Journal reported on its website on Sunday, citing people familiar with the plans.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.84% or $0.28/share to $33.46. In the past year, the shares have traded as low as $20.32 and as high as $35.39. On average, 5349120 shares of BX exchange hands on a given day and today's volume is recorded at 1594760.