HYDERABAD, India, Jan. 8, 2009 (Reuters) — India vowed to strengthen laws to prevent corporate fraud after Satyam Computer, the country's fourth-largest software company, shocked investors by revealing profits had been falsely inflated for years. ... > full story
NEW YORK, Jan. 7, 2009 (Reuters) — Accused swindler Bernard Madoff should be jailed for violating a court order by mailing $1 million worth of diamonds, watches and other jewelry to friends and family, U.S. prosecutors told a court on Wednesday. ... > full story
HONG KONG, Jan. 7, 2009 (Reuters) — Bank of America Corp , coping with tough economic conditions, raised $2.83 billion by selling part of its stake in China Construction Bank Corp <601939.SS>, and Hong Kong's richest tycoon sold a $500 million stake in rival Bank of China <3988.HK>. ... > full story
LONDON, Jan. 7, 2009 (Reuters) — World stocks worked on their 10th consecutive session of gains on Wednesday, but European shares were breaking their winning streak and the dollar's recent drive upwards faltered. ... > full story
Jan. 7, 2009 (Reuters) — Dow Chemical Co is prepared to miss next week's deadline to clinch the $15 billion takeover of Rohm & Haas in an effort to raise enough cash to complete the deal without taking on too much debt, the Financial Times reported on its website late on Tuesday. ... > full story
TOKYO, Jan. 7, 2009 (Reuters) — Japan's second-largest retailer Aeon Co Ltd slashed its earnings outlook and said it may post its first annual net loss in seven years, hit by flagging sales, a writedown at U.S. unit Talbots and accounting changes. ... > full story
HONG KONG, Jan. 6, 2009 (Reuters) — Shares of Lenovo <0992.HK> were suspended on Wednesday, as market talk swirled that the world's No. 4 PC seller was set to announce a major restructuring amid flagging sales in the global downturn. ... > full story
WASHINGTON, Jan. 6, 2009 (Reuters) — The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday. ... > full story
WASHINGTON, Jan. 6, 2009 (Reuters) — Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan. ... > full story
NEW YORK, Jan. 6, 2009 (Reuters) — The slumping U.S. housing, factory and service sectors produced more misery for the world's largest economy in the last two months of 2008 as the year-old recession looked set to drag on into 2009, data showed on Tuesday. ... > full story
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BofA chief just says no to bonus Jan. 7, 2009 (InvestmentNews) — Bank of America Corp. chief executive and chairman Kenneth Lewis is recommending that he and his leadership team forgo bonuses for last year, The ...
DJN: Talbots Rallies As Firm Gets $150M In Committed Credit Jan. 6, 2009 (Wall Street Journal) — DOW JONES NEWSWIRES . Talbots Inc. (TLB) shares rallied a day after the struggling women's apparel retailer announced it has been able to get $150 ...
Behind Bear's Sale Mar. 18, 2008 (Conde Nast Portfolio) — How lawyers put a complex deal together, very quickly. In almost every way, J.P. Morgan Chase & Co.'s agreement to buy Bear Stearns Cos. is no ...
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