Blackstone Group LP named Ken Caplan and Kathleen McCarthy to lead the private equity giant’s real estate business as Jon Gray takes on the role of president and chief operating officer.
The mortgage-finance company, which reported fourth-quarter and full-year financial results on Wednesday, said it will need to draw $3.7 billion from the U.S. Treasury in March.
While the new Fed chairman didn’t specifically mention the steep fall in share prices, other central bank officials have played down its impact on the economy and the financial system.
The assets include the Waldorf as well as Strategic Hotels & Resorts Inc., which Blackstone sold to Anbang in 2016, people with knowledge of the matter said.
The plan the president is releasing Monday calls for allocating $200 billion in federal funds over a decade, mostly as seed money to spur states, localities and the private sector to spend the balance of the promised...
The moves show how the world’s largest retailer is trying to embrace mobile shopping while maintaining the in-store customer traffic that remains its lifeblood.