- Al Sharpton, Trayvon Martin’s parents rally against Fla. ‘stand your ground’ law
- Hillary Clinton campaign got illicit funds from D.C. scandal figure
- Obama administration backs off plan to cut prescription-drug program
- Tickets linked to stolen passports purchased by Iranian middleman
- More than 3,500 police planned for Boston Marathon
- Ottawa day care suspends 2-year-old for ‘outside’ cheese sandwich
- Liam Neeson tells NYC mayor to ‘man up’ in horse carriage fight
- Real-life Dr. Doolittle to reveal how to talk to animals
- Climate change could bring back smallpox, researchers say
- Shoe-bomb witness to speak from London at N.Y. trial
Taxpayers must pay the freight for over-budget train projects
Topic - Stephen A. Schwarzman
NEW YORK (AP) — Blackstone Group shares rose 13 percent in their stock market debut yesterday, as investors scrambled for a piece of the sixth-richest initial public offering in U.S. history.
Democrats in Congress and on the presidential trail are intensifying their high-tax war against prosperity and the so-called rich. Their latest salvo includes more tax penalties on successful investors and entrepreneurs, such as a proposed 4.3 percent surtax on high-income earners and a tax assault on the private-equity buyout industry.
NEW YORK (AP) — Private-equity powerhouse Blackstone Group LP said yesterday that Chief Executive Officer Stephen Schwarzman made $400 million in 2006 — almost double the combined compensation for the CEOs of Wall Street's five biggest investment banks.