Hearing examiners for the New Mexico Public Regulation Commission have recommended voiding a $400 million stock sale by Public Service Company of New Mexico (PNM) to private equity firm Blackstone. The regulators determined the transaction, executed in June 2025 as a Private Investment in Public...
Blackstone Group (BX) announced on Thursday that it has capped withdrawals at its flagship $79 billion Blackstone Private Credit Fund (BCRED) as redemption requests surged in the second quarter. Investors attempted to pull out 10% of their shares, up from 7.9% in the previous quarter,...
Broadcom shares tumbled nearly 15% after reporting fiscal second-quarter revenue of $22.19 billion, which missed the $22.27 billion consensus estimate from analysts polled by LSEG. Despite the miss, CEO Hock Tan reiterated guidance for fiscal year 2027 AI chip revenue to be in excess of...
Blackstone Digital Infrastructure Trust is launching an Initial Public Offering (IPO) in the United States with the goal of raising over $1.7 billion to fund investments in newly built data centers. The real estate investment trust plans to offer 87.5 million shares, which includes a...
Texas Natural Resources Group Inc., which does business as TXNM Energy Inc., and Blackstone Inc. are contesting the New Mexico Attorney General's proposal to void a $400 million stock transaction completed last year. In a filing Monday, Attorney General Raúl Torrez argued that the issuance...
