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Hedge Fund Alden Becomes Tribune’s Largest Shareholder
NEW YORK (AP) — Hedge fund Alden Global Capital is now the largest shareholder of Tribune Publishing, the company that owns the Chicago Tribune, Baltimore Sun and New York Daily News. Tribune says Alden, a hedge fund known for layoffs and slashing costs at newspapers it acquires, purchased the 25% stake from former Tribune chairman Michael Ferro. Tribune says it’s talking with Alden about adding two board seats. Ferro stepped down as chairman in 2018 amid sexual misconduct accusations. Full investment news article
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Lok Sabha Passes Chit Funds (amendment) Bill, 2019
The Chit Funds (Amendment) Bill, 2019 also introduces words such as "fraternity fund", "rotating savings" and "credit institution" to make chit funds more respectable, said Minister of State for Finance Anurag Thakur. Full investment news article