Carlyle unveils $200 million share buyback, fourth-quarter earnings miss forecast

Private equity firm Carlyle Group LP unveiled a $200 million share buyback plan on Wednesday as it posted weaker-than-expected fourth-quarter earnings amid volatile financial markets. David Rubenstein, co-chief executive officer at Carlyle, said the share buyback plan reflected "the great value" that the company sees in its own stock, in contrast to the financial market which "ascribes little value" to Carlyle's business.