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Breaking News

Russia launched intercontinental ballistic missile during attack on Ukraine, Kyiv says
Business

Business briefs

By
Post Staff Report
Published March 22, 2012, 4:00 a.m. ET

LinkedIn

LinkedIn, the professional networking website, rose 6.5 percent to $97.78, its highest close since August, after Goldman Sachs raised its rating to “buy.”

Eisman fund

Steve Eisman, who managed more than $1 billion at FrontPoint Partners before leaving last year, raised $22.9 million for his new hedge fund, Emrys Onshore, which started trading March 1. Eisman got the money from friends and family.

Bear payout

Thousands of former Bear Stearns employees will share a $10 million settlement of lawsuits claiming they lost money on the bank’s stock in their retirement accounts.

MF subpoena

A House subcommittee voted to subpoena MF Global executive Edith O’Brien to testify at a hearing Wednesday on the futures brokerage’s collapse and a $1.6-billion shortfall in customer funds.

Ouch!

OWN: Oprah Winfrey Network, the tie-up between Discovery Communications and Winfrey, may lose $142.9 million in 2012, according to SNL Kagan.