Fairfax Sells Remaining Trade Me Stake

Fairfax Media Ltd., Australia’s second-largest newspaper company, sold its remaining 51 percent stake in Trade Me Ltd., the New Zealand online auction site, for A$616 million ($650 million).

Carlyle's Profit Declines 57% on Slow Asset Sales
27:17 - Carlyle Group LP said fourth-quarter profit declined 57 percent as asset sales slowed and its holdings didn’t appreciate as quickly as a year earlier. The firm said it will buy back as much as $200 million in its stock. (Source: Bloomberg)
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