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Jul 24, 2014

Paul Singer Takes Stake in Advertising Titan Interpublic and Pushes for Sale

The hedge fund Elliott Management has taken a 6.7 percent stake in the Interpublic Group, home of big advertising agencies like McCann and FCB... #Elliott Management #Paul Singer

Jul 18, 2014

After Tough Years, Elevation Partners Rescues Investment in Forbes Media

The sale of a majority stake in Forbes Media means that Elevation Partners, the investment firm that bought 45 percent of the publisher eight years ago, will have found a way to recoup its investment... #Bono #Forbes Magazine

Jul 18, 2014

DealBook: Forbes Media to Sell Majority Stake to Hong Kong Investors

Forbes Media agreed on Friday to sell a majority stake in itself to a consortium of Asian investors, concluding a protracted sales process in which a number of prospective bidders dropped out... #Hong Kong #Forbes Magazine #Bono

Jul 28, 2014

Dollar Tree buys Family Dollar for $8.5 billion

Dollar Tree is buying rival discounter Family Dollar, giving it a wider reach in the intensifying fight for deal-seeking customers. The $8.5 billion deal will give Dollar Tree more than 13,000 stores in the U.S. and Canada. The current leading discou... #Canada #Wal-Mart #Carl Icahn #Family Dollar #Kroger #Dollar General

Jul 29, 2014

Russian ruble hits two-month low; Vodafone faces shareholder anger at AGM - business live

Rolling business and financial news through the day Ruble slides as new sanctions loom on Russia Vodafone chairman criticises European regulation BP: further economic sanctions could adversely impact our business in Russia Analyst: BP exposed to poli... #BP plc #Russia #NeXT #London #Vodafone #FTSE #Rosneft

Jul 16, 2014

Naver says Line messenger app mulls IPO

(AP) -- Line Corp., the operator of a popular mobile messaging app, has submitted an IPO application to the Tokyo Stock Exchange but might also seek a New York listing, its parent company Naver Corp. said Wednesday. Naver, South Korea's largest Inter... #Tokyo #Thailand #Facebook #Twitter #Rakuten #Tokyo Stock Exchange

Jul 18, 2014

Forbes Media sells controlling interest to Hong Kong group

The Forbes family, an emblem of American wealth and pioneer of business journalism, is giving up control over the media empire it cultivated for almost a century by selling a majority stake to a Hong Kong-based group. The transaction valued Forbes Me... #Hong Kong #Singapore #Deutsche Bank #Forbes Magazine #Steve Forbes #Credit Suisse Group|CS|NYSE

Jul 17, 2014

Airbus beats Boeing at Farnborough in orders race

(AP) -- Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments. The victory by the European aircraft manufacturer is its second in a row in the uno... #Airbus #Paris #Boeing #IHS Inc.

Jul 16, 2014

Yahoo profit, revenue slide as company struggles with display ad sales

Yahoo Inc. said Tuesday that its second-quarter earnings and revenue declined, as the company struggled again with display advertising sales. Both fell short of Wall Street's expectations, as did revenue forecast for the current quarter, causing the ... #Yahoo! #Wall Street #Microsoft Corporation #Google Inc. #Facebook

Jul 14, 2014

Sports Direct to launch in Australia and New Zealand

Online joint venture and several physical stores planned as firm looks to replicate British success overseas Britain's biggest sporting goods retailer, Sports Direct, plans to launch in Australia and New Zealand through an online joint venture and wi... #Australia #United Kingdom #Sports Direct