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Photo from CNNMoney.com Barack Obama, car guy
One of the least explored personal sides to our new president is the amount of gasoline in his veins. We know all about his affection for the basketball court and his tendency every now and then to sneak out for a cigarette. But we've heard very little about what drove him to acquire one of the ... more »
CNNMoney.com  –  Dec 31, 2008 10:00 AM [GMT]  –  comment?
KKR arm breaches $1 NYSE stock rule
The listed debt arm of private equity firm KKR, was told that it had fallen below the required standard for shares prices
Financial Times  –  Dec 31, 2008 12:02 AM [GMT]  –  comment?
Credit Suisse to get Aberdeen stake
Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a share-based deal worth about £200m
Financial Times  –  Dec 30, 2008 11:43 PM [GMT]  –  comment?
Vienna poised to take control of Bank Medici
The Austrian government is preparing to take management control of Bank Medici after it revealed clients had lost money in funds it ran which invested with disgraced New York financier Bernard Madoff
Financial Times  –  Dec 30, 2008 11:35 PM [GMT]  –  comment?
AIG seeks easing of rules on disposals
AIG, the insurer bailed out by the US government, is prepared to ask the Federal Reserve to relax rules on its $60bn-plus disposals programme to allow bidders to use a greater proportion of shares to pay for its assets
Financial Times  –  Dec 30, 2008 11:35 PM [GMT]  –  comment?
Money flows out of hedge funds at record rate
Investors pulled a net $32bn from hedge funds last month, making 2008 the first year in recorded history that the funds have had significant outflows and ending the industry's 18 years of asset growth
Financial Times  –  Dec 30, 2008 11:35 PM [GMT]  –  comment?
US regulators await list of Madoff assets
By the end of Wednesday, US regulators hope to learn what has happened to the $50bn lost through Bernard Madoff's alleged "Ponzi" scheme
Financial Times  –  Dec 30, 2008 11:35 PM [GMT]  –  comment?
A New Taste for Campbell
The soup maker has faced hurdles but looks attractively priced for the current climate.
Barron's Online  –  Dec 30, 2008 11:00 PM [GMT]  –  comment?
Sellers at Assisted Living Concepts
Two execs sold $1.1 million in shares of the residences operator.
Barron's Online  –  Dec 30, 2008 10:54 PM [GMT]  –  comment?
LyondellBasell in debt restructuring talks
The chemical company has postponed the deadline to repay $160m in fees to lenders and is in talks with lenders about restructuring debt obligations
Financial Times  –  Dec 30, 2008 10:49 PM [GMT]  –  comment?