Killer Whale Owner Books Profit

Published: Feb 25, 2010

 Finance       
The Blackstone Group (which owns Orlando, Florida-based Sea World, the site of a tragedy involving a Killer Whale named Tilly atop many headlines this morning) booked fourth-quarter 2009 profit of $329 million and full-year net income of $703 million, a huge jump versus the more than $1 billion in losses Blackstone incurred in 2008.<p><img class="embeddedObject" src="http://content.screencast.com/users/dloos/folders/Jing/media/ed6cc0ef-7fa6-4214-b2a6-937728b21324/00000024.png" width="241" height="188" border="0" alt="Stephen Schwarzman" align="left"><p>All of Blackstone's units (investment banking advisory, private equity, hedge funds and real estate) did well in the recent fourth quarter, pointing to a wider recovery across several financial services sectors.<p>The tragedy at Sea World and fallout from the incident aside, Blackstone CEO Stephen "Party Boy" Schwarzman said in an earnings release, "We believe the worst is behind us."
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