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IN BRIEF: SLIM UPS SAKS STAKE...RETAIL FALLS.(investment of Carlos Slim in Saks Inc.)(fall in consumer price indexes)(Brief article)
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WWD
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February 15, 2008
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Copyright informationCOPYRIGHT 2008 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SLIM UPS SAKS STAKE: Billionaire Carlos Slim Hel said in a Securities and Exchange Commission filing Wednesday that his stake in Saks Inc. was 9.4 percent, which compares with a 7.9 percent holding reported earlier this month. Last month, Jennison Associates LLC, an affiliate of Prudential Financial Inc., said in an SEC filing that it amassed a 10.9 percent stake in Saks, up from a 7.9 percent stake in the company. Marsico Capital Management reported to the SEC last Friday that, by the end of January, it had upped its stake in the retailer to 16.4 percent. The fund held 10.4 percent of Saks a year earlier.
RETAIL FALLS: The S&P Retail Index dropped 2.8 percent to 395.26 ...
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