Dan Loeb Takes $157M Stake to Shake Up Sotheby's

Aug. 27 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Betty Liu reports that hedge fund manager Dan Loeb has acquired nearly a six percent stake in Sotheby's with an eye to making changes to the auction house. She speaks on Bloomberg Television's "In The Loop."
China A-Share Futures Rise on Stock-Boosting Move
55:50 - Chinese stock futures rose after securities regulators relaxed margin-trading rules and cut equity-transaction fees in their latest attempts to prevent the country’s slide into a bear-market from deepening. Bloomberg's Stephen Engle has more on "First Up." (Source: Bloomberg)
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