Business

Business briefs

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Published Sep. 27, 2011, 4:00 a.m. ET

Clorox slides

Clorox fell 4.3 percent to $66.44 after investor Carl Icahn withdrew a slate of directors for the company and said shareholders wouldn’t support his plan for a sale.

Merkin win

Three hedge funds operated by New York financier and philanthropist Ezra Merkin — the Ascot Fund, the Gabriel Fund and the Ariel Fund — won the dismissal of civil lawsuits accusing them of being part of swindler Bernard Madoff’s massive fraud.

530 Fifth

A venture of two New York investment firms agreed to buy 530 Fifth Ave. for $390 million, according to people familiar with the matter, in a deal that shows continued investor appetite for prime Manhattan real estate.

Go, Goldman!

Goldman Sachs won dismissal of suits over employee bonuses filed in New York by shareholders who called the awards a waste.

Facebook

Social networking site Facebook confirmed that it has filed the paperwork to start its own political action committee, The Hill reported.