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Highlights

A collection of news and information related to Mutual Funds published by this site and its partners.

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    May 21, 2013 |Story| Los Angeles Times
  1. On eve of Sony meeting, report says company could discuss spinoff

    Sony Corp. is "considering evaluating" a spinoff of its entertainment arm that is being advocated by the hedge fund and Sony shareholder Third Point, according to Japan's Nikkei newspaper.
    Sony Corp. is "considering evaluating" a spinoff of its entertainment arm that is being advocated by the hedge fund and Sony shareholder Third Point, according to Japan's Nikkei newspaper. The news comes a day before a much-anticipated Sony corporate...

    Tags: Electronics, Science and Technology, Japan, Sony Corp., Entertainment

  2. May 18, 2013 |Story| Los Angeles Times
  3. Healthy savings, no debt but worried about retirement

    Call it retirement anxiety, or maybe recession obsession.
    Call it retirement anxiety, or maybe recession obsession. For all of their married life, Patrick Webster, 63, and Susie Martin, 54, have been extremely frugal. Webster and Martin, who both work at Marymount College in Rancho Palos Verdes, have been...

    Tags: Stock Market, Starbucks Corp., Economy, Business and Finance, Finance

  4. May 17, 2013 |Story| Los Angeles Times
  5. Sale of Sacramento Kings to California investors is a done deal

    Calling it one of the great comebacks in sports, Mayor Kevin Johnson announced on Friday at City Hall that the sale of the Sacramento Kings to a local group of investors has been finalized.
    Calling it one of the great comebacks in sports, Mayor Kevin Johnson announced on Friday at City Hall that the sale of the Sacramento Kings to a local group of investors has been finalized. The Maloof family is reportedly selling a 65% controlling...

    Tags: NASCAR, Kevin Johnson, Kobe Bryant, Chris Kelly, National Basketball Association

  6. May 14, 2013 |Story| Los Angeles Times
  7. Sony shares jump as hedge fund urges IPO of entertainment unit

    Sony Corp. stock soared in afternoon trading after New York hedge fund Third Point proposed that the electronics and media giant make an initial public stock offering of up to 20% of its entertainment arm.
    Sony Corp. stock soared in afternoon trading after New York hedge fund Third Point proposed that the electronics and media giant make an initial public stock offering of up to 20% of its entertainment arm. That unit, known as Sony Entertainment Inc.,...

    Tags: Seinfeld (tv program), All in the Family (tv program) , Sony Corp., Entertainment, Community (tv program)

  8. May 14, 2013 |Story| Los Angeles Times
  9. Fox bets on stars! ESPN eyes Open. Pressure on Sony to split

    <span style="font-size: small;"><strong>After the coffee. Before the ESPN and ABC upfronts.</strong></span>
    After the coffee. Before the ESPN and ABC upfronts. The Skinny: I got through the day without any pizza. Let's see if I can make it two in a row. Tuesday's headlines include Fox's new TV schedule for next season. Also, a hedge fund manager is pressuring...

    Tags: Tennis Channel (tv network), Drew Pinsky, Marissa Mayer, Entertainment, Television

  10. May 14, 2013 |Story| Los Angeles Times
  11. Sony stock jumps as hedge fund pushes taking entertainment unit public

    Sony Corp.'s stock rallied about 9% in early trading after a New York hedge fund proposed that the company take its entertainment unit public.
    Sony Corp.'s stock rallied about 9% in early trading after a New York hedge fund proposed that the company take its entertainment unit public. Sony shares added $1.64, or 8.7%, to stand at $20.53 shortly after the opening bell on Wall Street. Daniel...

    Tags: Electronics, Science and Technology, Sony Corp., Entertainment, Business

  12. May 14, 2013 |Story| AP Member Choice Complete
  13. Stock market rises back into record territory

    The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses.
    The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses. Small business owners were slightly more optimistic in April,...

    Tags: JPMorgan Chase & Co., Petroleum Industry, Japan, Weather, Sony Corp.

  14. May 14, 2013 |Story| Los Angeles Times
  15. A Sony entertainment spinoff would provide opening for CBS

    New York hedge fund manager Daniel Loeb wants Japanese electronics giant Sony Corp. to spin off its Culver City entertainment business.
    New York hedge fund manager Daniel Loeb wants Japanese electronics giant Sony Corp. to spin off its Culver City entertainment business. CBS Corp. might like that, too. Loeb, whose Third Point funds own more than $1 billion in Sony stock, sent a letter...

    Tags: Television Networks, Seinfeld (tv program), All in the Family (tv program) , Viacom Inc., Sony Corp.

  16. May 7, 2013 |Story| Los Angeles Times
  17. Dow continues to sizzle, topping 15,000 for the first time

    <iframe id="spreecast-player" type="text/html" width="600" height="470" src="http://www.spreecast.com/events/the-dow-clears-15000-hurdle/embed-medium" frameborder="0"></iframe>
      NEW YORK — Another day, another milestone on Wall Street. The red-hot Dow Jones industrial average barreled past 15,000 to close Tuesday at its highest point in history. It marked the 16th record close for the blue-chip index this year and...

    Tags: Wal-Mart Stores, Inc., Credit Ratings, Financial Markets, Coca-Cola Co., Labor Markets

  18. May 4, 2013 |Story| Los Angeles Times
  19. Prop. 13 loophole gives edge to big players

    In 2006, billionaire computer magnate Michael Dell, one of the world's richest men, agreed to pay $200 million for the Fairmont Miramar Hotel, a beachfront landmark in Santa Monica that long has been a retreat for Hollywood starlets and U.S. presidents.
    In 2006, billionaire computer magnate Michael Dell, one of the world's richest men, agreed to pay $200 million for the Fairmont Miramar Hotel, a beachfront landmark in Santa Monica that long has been a retreat for Hollywood starlets and U.S. presidents....

    Tags: Crime, Law and Justice, Judges, Hotel and Accommodation Industry, Justice System, Sales

  20. May 7, 2013 |Story| Los Angeles Times
  21. Rebel shareholder buying more Apple stock following buyback plans

    Just months after leading a shareholder revolt against Apple, hedge fund manager David Einhorn revealed on Tuesday that he's been buying more stock in the company.&nbsp;
    Just months after leading a shareholder revolt against Apple, hedge fund manager David Einhorn revealed on Tuesday that he's been buying more stock in the company.  In a conference call with investors of Greenlight Capital, Einhorn confirmed that the...

    Tags: David Einhorn, Companies and Corporations, Greenlight Capital Inc., Tim Cook, Economy, Business and Finance

  22. May 7, 2013 |Story| Los Angeles Times
  23. Herbalife shares rise above price when Ackman made allegations

    Herbalife Ltd. shares gained 4% and traded part of Monday above the price they were when hedge fund manager Bill Ackman first accused the Los Angeles nutritional products company of operating a long-running pyramid scheme.
    Herbalife Ltd. shares gained 4% and traded part of Monday above the price they were when hedge fund manager Bill Ackman first accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company's stock price...

    Tags: Fraud, Marketing, Herbalife Limited, Corporate Crime, Carl Icahn

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