Shares of Blackstone Group fell sharply (-9.88% as of the time of this post) after the large private equity fund reported heavy third-quarter losses as the value of its holdings were battered by the ongoing financial crisis. The company said its quarterly loss jumped to $340.3 million from $113.2 million during the same three-month period in 2007. Blackstone is now trading at $7.75.
Source: FoxBusiness
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