UPDATE: Carlyle Group Posts Higher Q4 Profit

Carlyle Group LP (NASDAQ: CG ) reported a rise in its fourth-quarter profit. Carlyle Group's quarterly profit surged to $71 million, or $1.17 per share, from a year-ago profit of $12 million, or $0.25 per share. Its economic net income came in at $576 million, or $1.64 per share,