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  • TORONTO, Aug 28- The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Avid Life Media announced on Friday that...

  • Aug 14- Any day now, David Murdock, the 92- year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish. It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware's Court of Chancery, a leading venue for corporate disputes.

  • NEW YORK, July 21- Harbinger Capital Partners, the hedge fund firm run by Philip Falcone, filed a new lawsuit accusing satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip it of control of wireless company LightSquared during its bankruptcy. The reorganization called for Harbinger to retain a 44.5 percent equity...

  • BOSTON/ LONDON, July 6- Jeff Feig, the co-chief investment officer of hedge fund Fortress Investment Group LLC's macro fund is leaving the company after less than a year, with Michael Novogratz becoming sole CIO, three sources with knowledge of the changes said. Feig, 48, joined Fortress less than a year ago from Citigroup Inc, where he was a foreign exchange...

  • NEW YORK, June 8- Auction.com, an online marketplace for property backed by Google Inc and real estate mogul Barry Sternlicht, signed a deal with a commercial real estate advisory firm to provide due diligence in a step to enhance its services and help move sales further beyond the local arena. Half of Auction.com' s sales are now commercial real estate, of which 60...

  • DUBAI, June 2- Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers is offering creditors a minimum return of 28 cents on every dollar owed under an enhanced proposal to end one of the Middle East's largest ever debt restructurings. The group with interests in hospitality, food and real estate among others, collapsed in 2009 along with Saad...

  • LAS VEGAS, May 6- Billionaire investor Daniel Loeb said on Wednesday that he sees room for restaurant chain company Yum! Brands to potentially split off its China business, but said he is not pushing for that now. Keith Meister, who runs $8 billion hedge fund Corvex Management, said earlier this week that his firm had built up a stake of more than 15 million shares in...

  • LOS ANGELES, April 30- Tesla Motors Inc on Thursday unveiled Tesla Energy- storage systems or batteries for homes, companies and utilities that will expand its business beyond electric vehicles and tap into a fast-growing area of the energy industry. Tesla's lead installation partner for the home battery will be SolarCity Corp, the solar installer backed by...

  • LOS ANGELES, April 30- Tesla Motors Inc unveiled Tesla Energy- a suite of batteries for homes, businesses and utilities- a highly-anticipated plan to expand its business beyond electric vehicles. The goal is complete transformation of the energy infrastructure of the world, "Chief Executive Elon Musk told media at Tesla's design studio at Hawthorne, California...

  • Tesla hunts for new revenue in home storage batteries Thursday, 30 Apr 2015 | 2:48 PM ET

    LOS ANGELES, April 30- Tesla Motors Inc shares slipped Thursday after a month-long surge ahead of Chief Executive Elon Musk's expected announcement that the money-losing electric luxury car maker will seek new revenues from batteries for storing electricity at homes and businesses. Musk and other Tesla officials have dropped a series of broad hints over...

  • April 28- A federal judge on Tuesday dismissed a lawsuit by Philip Falcone's Harbinger Capital Partners that accused satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip the hedge fund of control of the bankrupt wireless company LightSquared. District Judge William Martinez in Denver came after LightSquared...

  • His testimony came as the defense sought to show that any losses Fannie Mae and Freddie Mac suffered on the $2 billion in securities at issue were caused not by any false statements the banks made but by the collapse in the housing market. Mudd, who left Fannie Mae in 2008 following its government takeover, told a lawyer for Nomura that macroeconomic factors,...

  • NEW YORK, March 30- A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks. Once known as SkyTerra Communications Inc, LightSquared filed for bankruptcy protection in...

  • LightSquared bankruptcy exit plan earns court approval Thursday, 26 Mar 2015 | 8:26 PM ET
    Charles Ergen, chairman and co-founder of Dish Network Corp

    LightSquared concluded three years of litigation with creditors, securing court approval of a plan to end its case and repay its largest creditor.

  • NEW YORK, March 26- Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp Chairman Charles Ergen. Under the plan greenlighted by Judge Shelley Chapman in U.S. Bankruptcy Court in New York,...

  • NEW YORK, March 18- Bankrupt wireless venture LightSquared has filed a new restructuring plan that would pay the full $1.5 billion claim of its largest creditor, Dish Network Corp Chairman Charles Ergen, in cash, with interest. The plan, filed late on Tuesday and outlined on Wednesday morning in court papers in U.S. Bankruptcy Court in Manhattan, depends on $1.515...

  • NEW YORK, March 17- Cerberus Capital Management and Solus Alternative Asset Management on Tuesday proposed a new plan to restructure bankrupt wireless venture LightSquared, with the support of billionaire Charles Ergen, LightSquared's largest lender. The plan is designed to compete with a LightSquared-backed one whose fairness is the subject of an...

  • March 12- Ride-sharing service Lyft said it raised an additional $530 million in a funding round led by Japanese online retailer Rakuten Inc, giving the Uber rival a valuation of $2.5 billion and adding momentum to its expansion plans. Rakuten said it is investing $300 million for an 11.9 percent stake in San Francisco- based Lyft- its first investment in a...

  • NEW YORK, March 9- A lawyer for LightSquared on Monday said the company will set aside $400 million to give certain bankruptcy lenders, including Dish Network Corp Chairman Charles Ergen, the option to take a portion of their repayment in cash instead of notes. LightSquared, owned by Phil Falcone's Harbinger Capital Partners, was planning a massive wireless...

  • Key Fortress fund stumbles, but cash keeps coming Friday, 27 Feb 2015 | 3:03 PM ET
    Michael Novogratz, principal at Fortress Investment Group

    Problems with a small but high-profile macro hedge fund belie Fortress managing more money than ever.