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Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
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*Tesla Motors rallies after profit outlook. "The economy is still improving ever so slowly, so I think there's room for the market to go up," said Bryant Evans, investment advisor and portfolio manager at Cozad Asset Management, in Champaign, Illinois.
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*Tesla Motors rallies after profit outlook. NEW YORK, April 1- U.S. stocks declined on Monday, with both the Dow and the S&P 500 retreating from record closing highs the previous session after weaker-than-expected U.S. manufacturing data.
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April 1- A U.S. appeals court on Monday denied broadcasters' request that Aereo Inc., an online television venture backed by billionaire Barry Diller, be temporarily shut down.
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CNBC's Robert Frank reports why Steve Cohen did not buy a pricey home in the Hamptons and a Picasso piece, Le Reve, to protect his assets from any kind of litigation or claim.
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*Tesla Motors rallies after profit outlook. NEW YORK, April 1- U.S. stocks fell modestly on Monday after weaker-than-expected U.S. manufacturing data and the Dow and S&P 500 slipped from record closing highs reached on Thursday. The Institute for Supply Management's March reading on manufacturing came in at 51.3, down from analysts' average forecast of 54.2.
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NEW YORK, April 1- U.S. stock index futures pointed to a flat open on Monday, with investors finding few reasons to keep pushing stocks higher with both the Dow and S&P 500 coming off record closing highs.
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*Both S&P 500 and Dow ended last week at all-time closing highs. NEW YORK, April 1- U.S. stock index futures were flat on Monday after the S&P 500 index set a record closing high on Friday and investors waited for a report on U.S. manufacturing, a major component of economic growth.
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*Tesla Motors rallies after profit outlook. NEW YORK, April 1- U.S. stocks declined on Monday after weaker-than-expected U.S. manufacturing data gave investors reason to book profits after both the Dow and S&P 500 set record closing highs in the prior session.
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April 1- A U.S. appeals court on Monday declined to temporarily shut down Aereo Inc, an online television venture backed by billionaire Barry Diller that broadcasters say is infringing their copyrights.
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"G.I. Joe: Retaliation" won the weekend box office battle in the United States and Canada, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.
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Joe: Retaliation "won the weekend box office battle in the United States and Canada, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.
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CAIRO, March 31- Egypt's stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom. The $3.7 billion offer from a Cyprus- based firm owned by Altimo is at a price of $0.70 per share for all of Orascom Telecom's 5.245 billion shares, the statement said.
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BRASILIA, 30 Mar- The collapse of a river bank where a floating pier was moored has halted shipments by global miner Anglo American from its iron ore operation in Amapa state in Northern Brazil, the company said on Saturday.
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JERUSALEM, March 30- Natural gas from the Tamar field off Israel's Mediterranean shores began flowing on Saturday, the head of a partner in the field said in a statement.
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Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.
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NEW YORK/ SAN FRANCISCO, March 29- Dell Inc warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group LP and billionaire investor Carl Icahn as fraught with risk.
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D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
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TANJUNG BENOA, Indonesia, March 29- Indonesia should slap a nationwide ban on the use of subsidised fuel by the country's 11 million private cars, a move that would save the government $8.6 billion this year and erase a widening fiscal deficit, a presidential adviser said.
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*Says JAB proposing 12.75 euros per share. AMSTERDAM, March 28- D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
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*MTS, Vimpelcom offer $4- $4.25 bln for Tele2 Russia. *Tele2 and main shareholder stand by $3.5 bln VTB deal. MOSCOW, March 28- Russian mobile companies MTS and Vimpelcom Ltd joined the bidders for Tele2 AB's Russian unit on Thursday, rivaling a proposal by billionaire Mikhail Fridman's A1 investment group and an agreed deal with VTB Bank OAO.