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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| September 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, 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)Copyright

MEDIA

Black accused of looting Hollinger

An SEC panel probing financial improprieties among Hollinger's former executives filed a report in a Chicago court alleging that former CEO Conrad Black and other controlling shareholders took more than $400 mil of the firm's adjusted net income from '97-'03 for personal perks. The report caps a probe launched by Tweedy Browne, which owns 18% of Hollinger. Black has been forced out as CEO and chairman, but remains Hollinger's biggest shareholder.

IPIX rises on distributor news

The security firm's shares rose 13% to 8.25 after it signed up Soling Co. to supply, install and support its video surveillance systems throughout Russia. Earlier this year, IPIX got a boost from U.S. Homeland Security secretary Tom Ridge after he touted its tech in a speech.

RETAIL

McDonald's cools in wet August

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