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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