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  • Aug 20- The U.S. attorney's office in Los Angeles is preparing a lawsuit against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, and up to 10 other employees, Bloomberg reported, citing two people with knowledge of the matter.

  • US preparing suit against Countrywide CEO - Bloomberg Wednesday, 20 Aug 2014 | 6:20 PM ET

    Aug 20- The U.S. attorney's office in Los Angeles is preparing a lawsuit against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, and up to 10 other employees, Bloomberg reported, citing two people with knowledge of the matter.

  • UPDATE 1-Carlyle-backed Axalta Coating files for IPO Wednesday, 20 Aug 2014 | 6:07 PM ET

    Aug 20- Axalta Coating Systems Ltd, a paint coatings company backed by buyout firm Carlyle Group LP, filed with U.S. regulators on Wednesday for an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.

  • Wearable camera biz fields flood of police queries Wednesday, 20 Aug 2014 | 5:58 PM ET
    Demonstrators and police in Ferguson, Missouri, August 17, 2014.

    Digital Ally Inc has been busy fielding a rush of inquiries from U.S. police departments about its wearable cameras.

  • Carlyle-backed Axalta Coating Systems files for IPO Wednesday, 20 Aug 2014 | 5:19 PM ET

    Aug 20- Buyout firm Carlyle Group LP backed performance coatings company Axalta Coating Systems Ltd filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.

  • Icahn reveals stake in Hertz, plans to push management Wednesday, 20 Aug 2014 | 5:04 PM ET

    BOSTON, Aug 20- Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5 percent stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.

  • NEW DELHI, Aug 21- Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.

  • Hertz, Avis Budget Group Inc and market leader Enterprise Rent-A-Car control about 90 percent of the U.S. car rental market. And more so Hertz, than Avis, since cars are made by General Motors Co account for a bigger portion of its fleet.

  • *Infineon says $40 per share offer for U.S. firm is all-cash. FRANKFURT, Aug 20- Merger-shy German chipmaker Infineon has agreed to buy Silicon Valley-based International Rectifier for about $3 billion in cash, Infineon said on Wednesday, in its biggest-ever acquisition.

  • UPDATE 2-JA Solar plans to set up factories in N. America Wednesday, 20 Aug 2014 | 12:40 PM ET

    Aug 20- Chinese solar products maker JA Solar Holdings Co Ltd expects to set up manufacturing plants in North America next year as the United States expands anti-dumping duties on products made in China and Taiwan.

  • Aug 20- Lowe's Cos Inc, the No. 2 U.S. home improvement products retailer, echoed larger rival Home Depot Inc in anticipating higher spending on renovations in the second half of the year as the U.S. housing market showed signs of a recovery.

  • Aug 18- Asset manager Eaton Vance Corp's quarterly profit narrowly beat analysts' estimates, as it investment advisory and administrative business fees increased 6 percent. Net income attributable to the company's shareholders rose to $77.9 million, or 63 cents per share, from $23.2 million, or 18 cents per share, a year earlier.

  • *Drug has orphan drug status in US, EU and Japan. Aug 20- Amicus Therapeutics Inc moved a step closer to bringing its first drug to the market after trial results paved the way for its lead drug to become the first oral treatment for patients with a disorder that causes an abnormal build-up of fat.

  • Aug 20- Staples Inc reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.

  • Eaton Vance quarterly profit triples on lower costs Wednesday, 20 Aug 2014 | 9:05 AM ET

    Aug 18- Asset manager Eaton Vance Corp's quarterly profit tripled, due to a big drop in the company's non-operating expenses. Net income attributable to the company's shareholders rose to $77.9 million, or 63 cents per share, in the third quarter ended July 31, from $23.2 million, or 18 cents per share, a year earlier.

  • Hertz's stock falls after car rental firm pulls forecast Wednesday, 20 Aug 2014 | 8:54 AM ET

    Hertz expects 2014 results to be "well below" its previous guidance due to business challenges and costs related to a review of the past three years' results, it said in a regulatory filing on Tuesday.

  • Aug 20- China- based solar products maker JA Solar Holdings Co Ltd reported a lower-than-expected quarterly profit as operating expenses jumped from last year, sending its shares down 5 percent in premarket trading. JA Solar reported a fall in gross margins as prices for solar modules fell in China.

  • *Bloomberg reports Infineon nears $2 billion deal. FRANKFURT, Aug 20- Germany's Infineon is nearing a deal to buy a U.S.-based semiconductor company for about $2 billion, Bloomberg reported on Wednesday, citing people familiar with the matter. A deal could be announced later on Wednesday, Bloomberg said, without saying which company Infineon was targeting.

  • Target cuts full-year profit forecast Wednesday, 20 Aug 2014 | 8:10 AM ET

    Aug 20- Target Corp reported a 62 percent drop in second-quarter profit and cut its full-year earnings forecast as it resorts to price cuts to attract cash-strapped consumers and win over shoppers unnerved by a massive holiday-season data breach.

  • UPDATE 1-Sears Canada reports loss, revenue slides 12 pct Wednesday, 20 Aug 2014 | 8:08 AM ET

    Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.