Blackstone Surges Past Expectations as Real Estate Shows Signs of Life

Private equity giant posts 50 percent earnings jump on record inflows, signaling potential end to property market doldrums Blackstone Inc. delivered a resounding beat on Wall Street's expectations in the third quarter, with distributable earnings soaring nearly 50 percent year-over-year to $1.9 billion as the world's largest alternative asset manager rode a wave of record […]