Blackstone Invests $2 Billion Towards Natural Gas

Blackstone, the private equity group, invested $2 billion into Cheniere Energy Partners. The investment will help Cheniere Energy build a facility in Louisiana; which will help process natural gas that will be shiped to Europe, Asia and other markets. This move by Blackstone will help make shipping natural gas easier and can be seen as an investment towards natural gas. El Paso Corporations sells units to Apollo group for $7.15 Billion El Paso Corpoartions sold its exploration and production business for $7.15 billion -- one of the biggest leveraged buyouts since the end of the recent financial crisis. This deal marks another takeover in the oil and natural gas industry. This transaction also represents the impact of fracking and the influx of deals surrounding this type of natural gas drilling.
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Editorial Staff

Wynn vs. Okada

The battle between Wynn Resorts and Kazuo Okada continues to grow as the two sides continue to but heads over ownership of the company and newly contested bribery allegations. According to the NY Times Dealbook, the pending legal battle over violations of foreign bribery laws by Mr. Okada is just another step along the way in this long corporate battle for control over the profitable casino empire. This new investigation has opened up Wynn Resorts to a federal investigation by the State Department and the SEC; where they will now comb over the resorts books and look for any possible discrepancies. After ousting Okada from his position as a major shareholder; former business partner and friend Steven Wynn is, as it now appears, on the offensive in removing Okada from his formerly influential position. However; what strikes at the heart of this story is the dissolution of such an influential business partnership and the nasty fallout that often follows this type of proceedings. So often in big business does this type of breakupend with a large legal battle and harsh words exchanged by the two sides. While this conflict is still young, it will be interesting to see how such a pivotal brand in Casinos is affected by this recent turmoil.
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Editorial Staff