Hollywood Video stores helped drag down earnings for parent Movie Gallery Inc., according to preliminary fourth quarter figures released Tuesday.

Milan Police Search Fininvest Offices 
Milan tax police searched Fininvest’s offices on Tuesday for documents related to a fraud investigation involving former Italian premier and Fininvest’s owner Silvio Berlusconi, a company spokesman said Tuesday.

Shaye Talks Jackson And Hobbit 
Shaye told the newspaper that he made the statements “in a moment of emotion” but did not regret it. “I regret losing a friend,” he said, as he showed a visitor a Gandalf sword that Jackson had sent him as a gift, before Jackson sued the studio in a dispute over accounting practices from the Rings films.

EMI Confirms Warner Music Takeover Offer 
Struggling music company EMI Group PLC _ scarred by two profit warnings in as many months and a recent accounting scandal in Brazil _ was thrown a potential lifeline Tuesday in the form of a possible new takeover bid by former suitor Warner Music Group.

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