Finance News
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Blackstone Group LP raised more than $4 billion in 2009 to buy European property assets anticipating that cash-strapped banks would be forced to sell as the region’s debt crisis worsened. Almost all of it sat idle for two years.
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It was a chance encounter on a beach in Ibiza, Spain, in the summer of 2012 that would lead to Cameron and Tyler Winklevoss becoming two of the biggest investors in Bitcoin.
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BlackBerry Ltd., the struggling smartphone maker looking to sell itself, has drawn interest from private-equity firm Cerberus Capital Management LP, according to a person with knowledge of the matter.
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Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said he expects Congress to resolve a stalemate over the U.S. debt ceiling before it seriously harms the country.
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