Blackstone Group buys Southwest Airlines shares

Posted In: Materials

By The Associated Press

Monday, November 16, 2009

Print
Loading...

Private equity firm Blackstone Group, run by co-founder Stephen Schwarzman, bought a $7.8 million stake in Southwest Airlines Co., cut its stake in Eastman Kodak Co. and sold its holdings in Calpine Corp. during the latest quarter.

New York-based Blackstone disclosed the changes to its $2 billion U.S. stock portfolio in a Securities and Exchange Commission filing Monday.

The firm disclosed that it sold its $4.4 million stake in power generator Calpine and a $102,000 investment in Chunghwa Telecom Co. It also trimmed its stake in Eastman Kodak to about $13 million from $21.7 million.

Meanwhile, it bought into Southwest Airlines with the purchase of 809,700 shares for $7.8 million. It also purchased a $16.5 million stake in the WisdomTree India Earnings fund and increased its stake in Barclays Bank PLC to 381,600 shares worth $22.5 million from 35,500 shares totaling $1.7 million.

Blackstone shares closed flat Monday at $15.22.

JOIN THE DISCUSSION
Rate Article:  Average 0 out of 5
Register or log in to comment on this article!

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

New To Market

more

Infrared imaging in radiation free scanner for security

Feb 2

Iscon Video Imaging is introducing two new airport passenger scanners with a patented Thermal-Boosted Infrared Detection System that only shows objects and clothing without any harmful radiation.

First commercial 3-D bio-printer makes human tissue and organs

12/10/2009

Invetech, a builder of custom automation for the biomedical, industrial and consumer markets, has delivered the world's first production model 3-D bio-printer to Organovo, developers of the proprietary NovoGen bioprinting technology.

Tools & Technology

more

High-output infrared emitter
High-output infrared emitter

19 hours ago

Cal Sensors launched PIREPlus, a high-output, high-pulse rate emitter that can be pulsed as a source of blackbody radiation for near-to-far infrared applications at 180Hz with 50% modulation depth.

Green electrodes meet environmental standards

19 hours ago

Mettler Toledo announced the RoHS (Restriction of Hazardous Substances in electrical and electronic equipment) and WEEE (Waste Electrical and Electronic Equipment) compliant electrodes. These latest sensor from Mettler Toledo are free of lead, mercury, and other hazardous substances prohibited under RoHS guidelines.

Advertisement

Advertisement