Archive for December 15th, 2008

Japan’s largest securities company said it has 27.5 billion yen ($306 million) in exposure to the Ponzi scheme set up by Bernard Madoff.
More: continued here

The bank said it expects pretax annualized savings of about $50 million to $60 million.
More: continued here

The stakes are high whenever you invest, but they’re extra high when you’re managing your money amid a historic financial mess and record volatility. For advice equal to the task - in a setting chosen to inspire thoughts of security - we invited five champion fund managers to sit down inside a massive underground vault [...]

Confidence at Japanese manufacturers marked its sharpest drop in 34 years, a central bank survey showed Monday. Asian stocks were higher on hopes of a bailout of the U.S. auto industry.
More: continued here

Here are our market pros’ stock picks for 2009 (
More: continued here

President Bush said an ‘abrupt bankruptcy’ for the U.S. automakers could be devastating to the U.S. economy.
More: continued here

HSBC and Royal Bank of Scotland are reportedly victims of Bernard Madoff’s alleged investment fraud, along with Grupo Santander and BNP Paribas.
More: continued here

Renewed hopes for a bailout of U.S. automakers sent stocks higher in Asia Monday.
More: continued here

Huntsman terminated its $6.5 billion merger agreement with Apollo Management’s Hexion and said it settled claims with Apollo for a total of $1 billion.
More: continued here