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Blackstone notifies Cohen's SAC it intends to pull money: pension consultant
Sat, 25 May 2013 13:10:28 -0400

Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, listens to a question during an interview at the SALT Conference in Las VegasBy Matthew Goldstein (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters. A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully redeem" a significant portion of the roughly $550 million the investment firm has invested with the $15 billion hedge fund. ...


 
Yahoo joins growing list of bidders for Hulu: sources
Fri, 24 May 2013 16:19:18 -0400

Yahoo Inc Chief Executive Mayer attends the annual meeting of the World Economic Forum (WEF) in DavosBy Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ...


 
News Corp to take charge of up to $1.4 billion this quarter
Fri, 24 May 2013 21:22:12 -0400

Chairman and CEO of News Corporation Murdoch talks next to Jobs as they take part in a panel discussion titled "Immigration Strategy for the Borderless Economy" at the Milken Institute Global Conference in Beverly Hills, CaliforniaBy Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future. The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp's profit. ...


 
Rosetta Hosts Open House in New West Coast Campus in San Luis Obispo on Friday, May 31
Thu, 23 May 2013 12:59:00 -0700
PRINCETON, N.J., May 23, 2013 /PRNewswire/ -- Rosetta, a leading customer engagement agency , invites San Luis Obispo county residents to tour its new West Coast campus during its first ever "Agency ...
 
Dalidio Ranch in San Luis Obispo is being sold
Fri, 24 May 2013 09:08:54 -0700
The Dalidio Ranch ? once the focus of multiple ballot measures and lawsuits ? is currently in escrow, said owner Ernie Dalidio, who battled to develop the San Luis Obispo property for 20 years.
 
Ending homelessness in San Luis Obispo
Wed, 22 May 2013 18:21:03 -0700
Putting an end to homelessness is an ongoing effort.