Blackstone profit rises on real-estate exits

Blackstone Group LP's third-quarter profit rose as its private equity, real estate and credit holdings appreciated, amid a strong period for global markets and big asset managers. For the period ended Sept. 30, the New York private-equity firm reported a profit of $312.9 million, or 47 cents a share, versus a year-earlier loss of $254.7 million, or 40 cents a share....(read more)

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