Blackstone's Deals;GeoResonance Claim Checked

The absolute levels of securities are on the higher side,said Stephen Schwarzman,CEO of The Blackstone Group,but there are deals to be had and we are quite active.We never buy anything unless we can improve them significantly.There are more than two trillion dollars in cash available,so you're gonna see deals.*
Long term,China's a really interesting place.I'm not in the non-believer school.Per capita income is very low there.Their middle class has grown immensely,but it's not as big as it needs to be.You have to transition from an export economy to a consumption economy.*
We've been very active buying both companies and real estate.Overall,this has been a very active time for us.We've bought and sold a lot of companies as well.Our companies are outperforming the S&P in a pretty significant way,Mr.Schwarzman observed.*
US pending home sales were up 3.4% in March.It's a good solid gain,a beat,but we need to see it continue throughout the Spring,said CNBC real estate correspondent Diana Olick.*
Bangladesh is sending two navy frigates to check out a claim by Australian firm GeoResonance that it may have found the wreckage from lost flight MH-370 in the Bay of Bengal.The Australian search committee has dismissed the claim because it doesn't fit with the satellite data provided by British firm Inmarsat,nor the pings detected by a search vessel in the southern Indian Ocean.
GeoResonance says its technology was created to search for nuclear,biological and chemical weapons under the ocean or in bunkers underground.They claim it is reliable and has successfully located submersed structures,ships,munitions and aircraft.In some instances,objects that were buried under layers of silt could not be identified by other means.The technology records electromagnetic fields by airborne multispectral imaging,but GeoResonance will not divulge exactly how the proprietary method works.
About 190 kilometers/118 miles off the coast of Bangladesh,they found traces of aluminium,titanium,copper and other trace elements that hadn't been there before the airliner disappeared on 8 March.These elements are suggestive of a commercial airliner such as MH-370,a Boeing 777.The company is not declaring this finding is MH-370;however,it should be investigated,their press release stated.*
The Blackstone Group LP(BX)

Private Equity:A Blackstone View

Europe has been slow,in the estimation of Stephen Schwarzman,CEO of The Blackstone Group,L.P.,but we're starting to see Europeans now liquidating things in a way that wasn't previously the case.What we're seeing is sort of spotty growth in Europe.Overall this year,growth should be about 1.5%.
Europe for us used to be very high-priced.We look at Europe in a position of healing now.The consensus of finance ministers is slow growth,strengthening of the rescue fund,and life will go on.
China prices have gotten very high.There's no shortage of money in China,and there's a lot of optimism.In India,there isn't so much money around.They are actively looking for money,so there are a lot of opportunities we like,such as coal-fired electric plants,Mr.Schwarzman indicated.
What we're seeing in every area of our business is,there's always an unusual opportunity where it isn't very difficult to make a decent return,the financier said last weekend at the World Economic Forum in Davos,Switzerland.Blackstone is gonna be a whole lot more active this year.
The Blackstone Group,L.P.(BX)