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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. The news comes a day before a much-anticipated Sony corporate...
Tags: Electronics, Science and Technology, Japan, Sony Corp., Entertainment
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Healthy savings, no debt but worried about retirement
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
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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. The Maloof family is reportedly selling a 65% controlling...
Tags: NASCAR, Kevin Johnson, Kobe Bryant, Chris Kelly, National Basketball Association
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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. That unit, known as Sony Entertainment Inc.,...
Tags: Seinfeld (tv program), All in the Family (tv program) , Sony Corp., Entertainment, Community (tv program)
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Fox bets on stars! ESPN eyes Open. Pressure on Sony to split
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
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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 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
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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. Small business owners were slightly more optimistic in April,...
Tags: JPMorgan Chase & Co., Petroleum Industry, Japan, Weather, Sony Corp.
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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. 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.
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Dow continues to sizzle, topping 15,000 for the first time
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
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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....
Tags: Crime, Law and Justice, Judges, Hotel and Accommodation Industry, Justice System, Sales
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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. 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
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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. The company's stock price...
Tags: Fraud, Marketing, Herbalife Limited, Corporate Crime, Carl Icahn
May 21, 2013
|Story| Los Angeles Times
May 18, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| Los Angeles Times
May 14, 2013
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May 14, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| AP Member Choice Complete
May 14, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
May 4, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
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