Blackstone Second-Quarter Profit Drops 74% as Fees Fall - Bloomberg

Blackstone Second-Quarter Profit Drops 74% as Fees Fall Bloomberg Blackstone Group LP (BX), the world's largest private-equity firm, said second-quarter profit fell 74 percent as market swings hurt the value of its holdings. Economic net income, a measure of earnings excluding some costs tied to the firm's 2007 ... and more »