| Carlyle Group Reports Drop in Profit and Announces Stock Buyback
The New York Times, February 11, 2016 Thursday
The Carlyle Group on Wednesday announced its first stock buyback as it tries to counter the perception, heightened by turbulent markets, that the boom in private equity is over. The private equity giant, based in Washington, reported that profit in the fourth quarter -- a measure that includes gains that have not been realized -- fell by 59 percent, to $73 million, compared with the same period a year earlier. The gain amounted to 24 cents a share, lower than the 31 cents a share expected in...