business - "market"

Blackstone, which made big profits last year by flipping commercial properties at the height of the market, is considering buying back into some of those assets at distressed prices as part of an effort to cash in on the credit crisis

SOUTH JORDAN, UT (MARKET WIRE) Aero Performance products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, has filed its quarterly report on Form 10-QSB for the period ended March 31, 2008 with the Securities and Exchange Commission.

SAN DIEGO, CA (MARKET WIRE) The federal district court overseeing a derivative action concerning the collapse of Countrywide Financial Corporation (NYSE: CFC) issued an important ruling today upholding, in large part, the plaintiffs' claims against certain officers and directors of the Company. The action alleges breaches of fiduciary duty by Countrywide's officers and directors, including Angelo Mozilo and David Sambol, as well as violations of the federal securities laws. The derivative action is led by a group of institutional investors, including Arkansas Teacher Retirement System, Fire & Police Pension

Kohlberg Kravis Roberts will on Friday unveil plans to diversify into infrastructure, hiring a top Lazard executive to lead an expected $10bn fundraising, as the US private equity group reacts to recent credit market turmoil

PHILADELPHIA----As the global marketplace continues to expand, multinationals are challenged by an evolving continuum of threats that place their people, assets, operations, reputation and revenue at risk.

NEWMARKET, ONTARIO (MARKET WIRE) A correction is issued with respect to the release disseminated on May 15, 2008 at 4:30 pm EST. The body of the press release was not in relation to the headline. The correct and complete version follows:

The US central bank auctions $7bn in securities, far less than was available, showing credit markets are improving.

TORONTO, ONTARIO (MARKET WIRE) Clairvest Group Inc. (TSX: CVG) today announced that it will make a full provision for its investment in Integral Orthopedics Inc. (IOI) for the year ended March 31, 2008.

COLMAR, PA (MARKET WIRE) Dorman products, Inc. (NASDAQ: DORM) ('Dorman') today announced that it has sold the assets of its catalytic converter business to Eastern Manufacturing, Inc. ('Eastern Catalytic') and entered into a joint venture agreement with Eastern Catalytic to mutually develop, manufacture and distribute an integrated exhaust manifold and converter product line.

SPRINGFIELD, MA (MARKET WIRE) When a natural disaster strikes, it's hard to know the best way for your business to contribute if you are a newswire service. First, with the cyclone in Burma, and a few days later, the earthquake in China, we are all saddened by the tragic images we see in the media -- destroyed villages, dead bodies, orphaned children, innocent lives, many of whom had already endured an inordinate amount of suffering -- now forced to confront the inexplicable.