BEIJING, Jan. 8, 2009 (Reuters) China Construction Bank <0939.HK> said on Thursday it was "fully confident" in its strategic relationship with Bank of America , after the top U.S. lender sold nearly 13 percent of its holding in the Chinese bank this week. ... > full story
LONDON, Jan. 8, 2009 (Reuters) Disgraced U.S. financier Bernard Madoff moved nearly $160 million of his own assets to his British-based firm in 2007, according to company accounts and filings obtained by Reuters on Thursday. ... > full story
WASHINGTON, Jan. 8, 2009 (Reuters) Citigroup Inc could soon agree to principles that would let troubled borrowers save their homes through bankruptcy, sources familiar with the talks said on Thursday, while industry groups are easing their opposition to the plan. ... > full story
NEW YORK/LAS VEGAS, Jan. 8, 2009 (Reuters) Verizon Communications Inc picked Microsoft Corp to provide Internet search services for cell phones, in what is seen as a blow to rivals Google Inc and Yahoo Inc. ... > full story
AMSTERDAM, Jan. 8, 2009 (Reuters) LyondellBasell said on Thursday all options were open for the reorganization of its global operations, including divestments, after the company filed in the U.S. for Chapter 11 bankruptcy protection. ... > full story
WASHINGTON, Jan. 8, 2009 (Reuters) Securities and futures regulators charged a Philadelphia-area fund manager with operating a $50 million Ponzi scheme, where he paid off earlier investors with money from later investors, officials said on Thursday. ... > full story
WASHINGTON, Jan. 8, 2009 (Reuters) The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission said on Thursday it has charged a Philadelphia investment fund manager and firm for an alleged $50 million Ponzi scheme. ... > full story
NEW YORK, Jan. 8, 2009 (Reuters) A measure of U.S. chief executives' confidence in the economy set a record low in December amid expectations for higher oil prices and interest rates, according to a monthly survey. ... > full story
NEW YORK, Jan. 8, 2009 (Reuters) Nasdaq OMX is launching a new index to track the performance of companies that receive funds under U.S. government bailout efforts. ... > full story
NEW YORK, Jan. 8, 2009 (Reuters) Volatile markets have saddled U.S. companies with a $409 billion deficit on pension plans, reversing a $60 billion surplus a year earlier, and will cut into earnings in 2009, consulting firm Mercer said. ... > full story
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Fannie Mae Prices New Issue 3-Year Benchmark Notes(R) Jan. 8, 2009 (MarketWatch) The following is being issued by Fannie Mae (FNM:0.79,+0.04,+5.15%): 3-Year Pricing Date January 8, 2009 Settlement Date January 9, 2009 Maturity ...
Li Ka Shing Foundation Sold $511M Bank Of China Shrs-Term Sheet Jan. 8, 2009 (Wall Street Journal) The Li Ka Shing Foundation sold 2 billion shares in mainland lender Bank of China Ltd. (3988. HK) in a placement that raised US$511 million for the ...