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Harbinger Reports More Energy And Gadgets But No NY Times Stake

--Harbinger reports more energy holdings --Initiates position in BlackBerry smartphone maker --Stops reporting positions in SPDR Gold Trust and New York Times By Ian Sherr Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- Harbinger Holdings reported on Monday it was holding more shares of energy companies than it previously had in its portfolio, while also saying it no longer had stakes in a major exchange-traded fund that tracked gold. The New York-based fund, which is run by Philip Falcone, also said it no longer held shares in the New York Times Co. (NYT). Harbinger, which gained notoriety for betting against subprime-backed mortgage bonds, reported an increased exposure to energy companies. In particular, the fund said it had 150,000 shares of petroleum refiner CVR Energy Inc. (CVI) and 250,000 shares of natural gas processor Southern Union Co. (SUG). The fund made the disclosures in a quarterly Securities and Exchange Commission filing required of some investors who manage more than $100 million. The disclosures, known as 13F's, give the public a relatively fresh look inside the portfolios of major money managers. Harbinger also said it now had a position in BlackBerry smartphone maker Research In Motion Ltd. (RIMM). During the second quarter, RIM sank to recent lows as it struggled to keep its smartphones relevant amid continued popularity of Apple Inc.'s (AAPL) iPhone and devices running Google Inc.'s (GOOG) Android operating system. RIM also began laying off roughly 10% of its workforce in July. Harbinger also no longer reported holdings in SPDR Gold Trust (GLD), which has been bouncing near all-time highs as investors continue to look at the precious metal as a hedge against economic uncertainties both in the U.S. and abroad. The firm also no longer reported a stake in New York Times Co. (NYT). Last month, the publisher, which also owns The Boston Globe, reported second-quarter revenue below analyst expectations despite growth in online subscribers. The value of Harbinger's reported equity assets rose more than 87% from the previous quarter to nearly $2 billion. -By Ian Sherr, Dow Jones Newswires; 415-439-6455; ian.sherr@dowjones.com

Stock News for Southern Union (SUG)
DateTimeHeadline
02/15/201217:41:12Energy Transfer Partners 4Q Profit Slips 8.9%; ETE Net Up 13%
01/09/201210:52:24Energy Transfer Partners to Issue $2 Billion in US Debt Markets...
12/09/201114:41:41Southern Union Shareholders Approve Energy Transfer Equity Deal
10/28/201118:27:19Williams Takes Another Look At Southern Union Assets - Filing
10/17/201117:54:08Natural Gas Pipelines Deals May Touch Off More M&A Activity
10/12/201118:58:34Energy Transfer Rejects Williams Request For Southern Assets
08/17/201111:04:48Southern Union Spurns Williams Takeover Offer Of $44 A Share
08/16/201117:38:46Williams Affirms $44/Share Offer For Southern Union
08/15/201120:35:49WSJ: Big Investment Funds Mixed On Approach To Bank Investments...
08/15/201118:51:36Harbinger Reports More Energy And Gadgets But No NY Times Stake
08/15/201118:19:04Icahn Reports New Stakes In Vector Group, El Paso - Filing
08/09/201111:14:47Williams CEO: Evaluating All Options In Bid War For Rival Southern...
08/03/201116:58:26Williams Cos 2Q Profit Up 23% On Performance
07/19/201113:32:54Energy Transfer, Southern Union Reach New $5.7 Billion Deal
07/14/201110:01:36Williams CEO: Hope To Make Southern Union Merger Agreement By...
07/14/201108:59:47Williams Cos Raises Bid For Southern Union To About $5.6 Billion
07/14/201108:59:34INSIDE TRACK: Energy Transfer Equity Chairman Buys Up More Units
07/05/201115:17:37MARKET SNAPSHOT: U.S. Stocks Retreat After Best Week In Two Years
07/05/201107:25:14CORRECT: Energy Transfer Revises Deal To Buy Southern Union With...
07/05/201107:07:01Energy Transfer Revises Deal To Buy Southern Union With Sweetened...

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