Prosecutors say Madoffs giftgiving broke rules
chron.com — By ALEX BERENSON New York Times NEW YORK - Alleging that Bernard Madoff sent at least a million dollars’ worth of jewelry as gifts to family members and friends in December, federal prosecutors asked a magistrate on Monday to revoke his bail and send ........More… (Business)
Merrill’s Brokerage Head Departs After Bank of America Purchase
bloomberg.com — By Josh Fineman and David Mildenberg Jan. 6 (Bloomberg) -- Merrill Lynch & Co. brokerage head Bob McCann announced plans to leave the company less than a week after Bank of America Corp......More… (Business)
Asia markets up US stocks lower
cnn.com — (CNN) -- Asian Pacific markets traded up Tuesday, as a stronger dollar made export-related stocks favorable to investors. A priest officiates a mass at the Philippine Stock Exchange Monday......More… (Business)
Logitech to Slash Jobs Withdraws Financial Targets
bloomberg.com — By Andrea Tan and Allan Lopez Jan. 6 (Bloomberg) -- Logitech International SA, the world’s biggest maker of computer mice, withdrew its fiscal 2009 financial targets and said it will cut 15 percent of its salaried workforce because of the deepening ........More… (Business)
Gazprom Reduces Deliveries of Gas Through Ukraine
nytimes.com — By ANDREW E. KRAMER MOSCOW - Gazprom, the Russian gas monopoly, on Monday reduced deliveries of gas for transit through Ukraine to Western European customers, saying that it was seeking to make up for gas stolen by Ukraine......More… (Business)
Madoff Sons Reported Jewelry Violations to US Lawyer Says
bloomberg.com — By David Glovin Jan. 6 (Bloomberg) -- The sons of Bernard Madoff, who is accused of orchestrating a massive Ponzi scheme, told prosecutors last week that their father violated a court-ordered asset freeze by mailing them jewelry, watches and other ........More… (Business)
Caterpillar bringing new plant to Arkansas
businessweek.com — By CHUCK BARTELS Caterpillar Inc. is to spend $140 million and hire 600 workers for a new road grader plant in North Little Rock -- an announcement Monday that marked yet another new employer coming to central Arkansas......More… (Business)
Hedge Funds Will Be Ruined by Withdrawal Limits
bloomberg.com — Jan. 6 (Bloomberg) -- Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather turns rough?.....More… (Business)