private equity firm blackstone group

Credit Crisis Pushes Blackstone to Quarterly Loss

NEW YORK, March 10 -- Private-equity firm Blackstone Group said Monday that it swung to a loss during the fourth quarter because of a write-down on its investment in bond insurer Financial Guaranty Insurance Co. and deterioration in the credit markets.

Blackstone Posts 4Q Loss of $170 Million

NEW YORK -- Private equity firm Blackstone Group LP said Monday it swung to a loss during the fourth quarter due to a write-down on its investment in bond insurer Financial Guaranty Insurance Co. and deterioration in the credit markets.

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