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  • Sears posts loss for ninth straight quarter Thursday, 21 Aug 2014 | 6:22 AM ET

    Aug 21- Sears Holdings Corp, owner of Sears department stores and Kmart discount chain, reported its ninth straight quarterly loss as sales continued their decade-long fall. Loss attributable to shareholders widened to $573 million, or $5.39 per share, in the second quarter ended Aug. 2 from $194 million, or $1.83 per share, a year earlier.

  • Aug 21- Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc..

  • Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.

  • 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.

  • Reward offered for former billionaire's assets Wednesday, 20 Aug 2014 | 11:44 AM ET

    HELENA, Mont.— The trustee representing Yellowstone Club creditors offered a reward Wednesday to anyone who can help uncover property or bank accounts the luxury resort's co-founder might have hidden from bankruptcy proceedings.

  • 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.

  • Glencore swings to profit, announces buyback Wednesday, 20 Aug 2014 | 6:11 AM ET

    GENEVA— Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent. The Swiss-based company, which created an industry giant through the merger between Glencore and Xstrata, says the repurchasing of shares will run through the end of March.

  • NEW YORK/ BOSTON, Aug 20- A few months ago, an innovative partnership between Valeant Pharmaceuticals and billionaire investor William Ackman to buy Botox maker Allergan Inc looked like a blueprint for success.

  • Aug 19- Kroger Co, the largest U.S. supermarket operator, is the latest high-profile company caught in the battle over gun rights and gun control in the United States.

  • Anna Nicole Smith's estate loses bid for millions Tuesday, 19 Aug 2014 | 6:43 PM ET

    A federal judge in Orange County on Monday rejected the effort to obtain about $44 million from the estate of Texas billionaire J. Howard Marshall, whom Smith married in 1994 when he was 89 and she was 26. The oil tycoon died the next year.

  • California environmentalist shakes up Florida race Tuesday, 19 Aug 2014 | 2:28 PM ET

    TALLAHASSEE, Fla.— A California billionaire environmentalist is pouring millions of dollars into the Florida governor's race to buy television ads attacking Gov. Former hedge fund manager Tom Steyer has put both Scott and the Florida Republican Party on the defensive, prompting them to hit back with their own ads attacking Steyer as a hypocrite.

  • Icahn has pushed Family Dollar to sell itself to Dollar General and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.

  • Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.

  • Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc.. Dollar General's offer of $78.50 per share in cash represents a premium of 3.2 percent to Family Dollar's Friday close.

  • Mexican billionaire offers advice for Latinos Sunday, 17 Aug 2014 | 3:30 PM ET

    HOUSTON— Increasing workers' earning power and offering Latino-owned companies easier access to funding that can be used for growth and expansion can help improve the social and economic status of Latinos in the U.S. and throughout Latin America, Mexican billionaire Carlos Slim told a group of religious and community leaders Sunday.

  • Correction: Berkshire Hathaway Investments Friday, 15 Aug 2014 | 3:45 PM ET

    OMAHA, Neb.— In a story Aug. 14 about changes to Berkshire Hathaway's stock portfolio, The Associated Press reported erroneously the company had reduced its stake in engineering and construction firm Chicago Bridge& Iron Co. by 1.1 million shares. Berkshire Hathaway has increased its position in Chicago Bridge& Iron by 1.2 million shares.

  • Icahn builds stake in Gannett, favors split Friday, 15 Aug 2014 | 11:15 AM ET

    Gannett Co. Inc. announced plans to split off its print division before activist investor Carl Icahn could start pushing the media company in that direction, according to a recent regulatory filing. Companies controlled by Icahn have accumulated a collective 6.63 percent stake in Gannett.

  • Billionaire Berggruen drops stake in German chain Friday, 15 Aug 2014 | 4:42 AM ET

    BERLIN— German-American billionaire Nicolas Berggruen has given up his stake in Germany's Karstadt department store chain after failing to turn the ailing company around. Last year, Berggruen sold a majority stake in Karstadt's sports stores and premium sites, which include Berlin's storied KaDeWe, to Austrian investor Rene Benko for 300 million euros.

  • NEW YORK, Aug 14- Activist investor Carl Icahn reported a 6.6 percent stake in Gannett Co Thursday and revealed that he planned to push the media company to split into separate print and broadcast firms before Gannett beat him to it, a regulatory filing showed.

  • BOSTON, Aug 14- Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarter.