Stephen Schwarzman
Blackstone donates $3.5 million to spur entrepreneurship

One of the nation's largest private equity firms is scheduled to announce Friday that it is giving $3.5 million to create a joint entrepreneurship program at USC, UCLA and UC Irvine. The donation from the charitable arm of New York-based Blackstone Group will pay for hands-on entrepreneurial training for students interested in launching their own companies. The program is open to students majoring in any academic subject. The goal is to spur job creation in today's slow-growth economy, said Stephen Schwarzman, Blackstone's chairman and chief executive. "We're trying to touch as many people as we can to get them to create a business of their own,"...