2008-06-25 — wsj.com
``Buyout activity has declined dramatically due to a severe tightening of credit. According to Dealogic, global buyout volume is down 75% through June 19 of this year when compared witih 2007... Blackstone has felt the impact, reporting a loss of $251 million in the first quarter of 2008, and the expectations for the second quarter aren’t terribly bright, either — the company is expected to earn 12 cents a share on $387.9 million in revenue, compared with 46 cents a share on $975.3 million in revenue for the year-ago period.
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