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Page Six reported yesterday that Steve Schwarzman was spotted living it up in St. Tropez, "staying cool at the VIP Room" while "his wife, Christine, and two blond friends, Michelle Herbert and Gina de Franco, danced together like the Pussycat Dolls." If you took the revelry as a tip off that Schwarzman's Blackstone Group is planning to share good news when the private equity giant releases quarterly earnings on Thursday, you may not have been the only one. Blackstone shares were up 21 percent today, "a surge that one options analyst attributed to investors buying on speculation that upcoming earnings would be better than expected." [Page Six, Reuters]