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Blackstone seeks partial 4 bln dlr IPO The Blackstone GroupThe Blackstone Group, a giant private equity fund, announced a partial US stock market flotation to raise four billion dollars, according to a securities filing Thursday.



Gamers worldwide finally grab ahold of Playstation 3 consoles The first customer at a local store in Australia receives a Playstation 3 The first customer at a local store in Australia receives a Playstation 3 in Sydney. The first gamers outside the United States to get their hands on Sony's PlayStation 3 were thin on the ground on Thursday as the much hyped launch of the new games console got underway.



BHP Billiton to spend 1.85 bln dlrs to expand iron ore capacity BHP Billiton's Ravensthorpe facility in Western AustraliaBHP Billiton's Ravensthorpe facility in Western Australia. The resources giant Friday said it will invest 1.85 billion US dollars to expand capacity at its western Australian iron ore operations amid increasing demand from China



Two Livedoor accountants convicted over fraud scandal Front pages covering Takafumi Horie's, President of Japan's internet firm Livedoor, arrested on suspicion of violating securities trading laws, January 2006Front pages covering Takafumi Horie's, President of Japan's internet firm Livedoor, arrested on suspicion of violating securities trading laws, January 2006. A court has convicted two accountants Friday for their role in the financial scandal at the once-high flying Internet firm



Endesa in eye of new bid approach An Endesa wind turbine in Barbate, southern SpainAn Endesa wind turbine in Barbate, southern Spain. Takeover pressure on Spanish energy giant Endesa has risen sharply with a joint approach from Spanish and Italian companies Acciona and Enel -- the third offer in 18 months.



Spanish stock market regulator prevents rival bid for Endesa An Endesa wind turbine in Barbate, southern SpainAn Endesa wind turbine in Barbate, southern Spain. Spain's stock market regulator has said it will bar construction group Acciona and Italian energy company Enel from bidding for Endesa for six months from March 29, when an offer from E.ON of Germany will lapse.



Iberia eyed by four possible bidders: report Iberia airplanes at Madrid Bajaras airportIberia airplanes at Madrid Bajaras airport. Spanish airline Iberia is the target of takeover interest from two airlines and two private equity groups, it was reported on Friday.



Brazil's Embraer posts 12 pct profit drop for 2006 A Brazilian Embraer plane A Brazilian Embraer plane. Brazilian aircraft manufacturer Embraer reported Friday that 2006 profits slid 12 percent lower in 2006, sharply hit by the dollar's weakness.



Porsche says it wants to take over VW Volkswagen (L) and a Porsche logoVolkswagen (L) and a Porsche logo (R) are seen in Wilhelmshaven in September 2005. German sports car builder Porsche has said it wants to take control of the giant Volkswagen group, in which it already holds a 27.3 percent stake.



Yukos banking assets to be auctioned in April The logo of the Russian oil giant YukosThe logo of the Russian oil giant YUKOS is seen in front of the Ostankino TV tower in the center of Moscow. Stakes in two banks owned by bankrupt Russian oil giant Yukos are to be auctioned off next month, the Interfax news agency reported on Saturday, citing the federal property fund.



Porsche says it wants to make bid for VW Volkswagen (L) and a Porsche logoVolkswagen (L) and a Porsche logo (R) are seen in Wilhelmshaven in September 2005. German sports car builder Porsche has said it wants to take control of the giant Volkswagen group, in which it already holds a 27.3 percent stake.