Business briefs
Harbinger hit
Philip Falcone’s Har binger Capital Partners hedge fund lost 19.5 percent last year in a pool of hard-to-sell as sets that it’s divesting, according to a letter to investors.
Darling Dell
Dell jumped 12 percent to $15.56 yesterday after reporting fourth-quarter profits on Tuesday that topped estimates and proving that it’s making headway in the data- center market.
Allstate sues
Allstate sued JPMor gan Chase over claims the bank fraudulently sold it about $700 mil lion of residential mort gage-backed securities. In December, Allstate sued Bank of America for the same amount and the same reason.
Borders bust
Borders Group said it would close two Man hattan stores and an other 198 nationwide after filing for bank ruptcy protection yes terday.
Coinstar plan
Coinstar’s Redbox film- rental unit is working to develop a subscription- streaming service, setting up potential competition with Netflix and Hulu.

