Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, January 27, 2015

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

The following corporate finance-related stories were reported by media:* Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets.

Blackstone Group LP (Blackstone) is an asset manager and provider of financial advisory services. Shares of BX traded higher by 1.08% or $0.39/share to $36.45. In the past year, the shares have traded as low as $26.56 and as high as $36.48. On average, 4093460 shares of BX exchange hands on a given day and today's volume is recorded at 6159386.