Bernie ‘The Brusier’ Madoff wins prison yard fight

Convicted $50 billion con-man Bernard Madoff got into a 'pushing match' with a fellow senior prisoner...and won....

Source: www.foxnews.com

Experian's Don Robert expects bank takeovers and more rules

Don Robert, chief executive of Experian, is surprised by the very public understanding of the link between bonds and retail credit...

Source: www.telegraph.co.uk

Deep Within Citi, the Death of Salomon

We have bid goodbye to Bear Stearns, Lehman Brothers and Merrill Lynch. Today it is time to offer a final farewell to a hidden Wall Street institution at the center of the financial crisis: Salomon Brothers.

Source: www.wsj.com

Jailed Texas billionaire hospitalized after fight

A U.S. Marshals Service spokesman says jailed Texas billionaire R. Allen Stanford is being treated at a hospital after being injured during a fight with another inmate...

http://apnews.myway.com

Small Businesses See U.S. Economy Improving

- Many U.S. small businesses are optimistic about growth and see the economy improving in three to six months, according to a survey released on Friday...

www.abcnews.go.com

M&A Boom Signaled for S&P 500 Index on Record Cash

By Alexis Xydias..

Never before have U.S. companies piled up cash faster compared with interest costs than they are now..

source: www.bloomberg.com

China Can’t Buy Enough Bonds as Dollar No Deterrent

By Cordell Eddings and Lukanyo Mnyanda..

International investors are increasing purchases of Treasuries on a bet U.S. inflation will remain subdued, even as the dollar falls to the lowest levels of the year and the budget deficit tops $1 trillion...

source: www.bloomberg.com

It gets worse: California unemployment hits 12.2%. Nevada 13%

State leaders in California and Nevada arent too surprised that their cities are still being hit with high unemployment rates.

Its now 12.2% for Cali, and 13.2% of Nevada..

Mixed reactions to US missile plans

US President Barack Obama said scrapping the Bush-era missile defence plan was based on an "updated intelligence assessment"..

Facebook founder and CEO Mark Zuckerberg says company is cash-flow positive

Facebook has achieved an important financial milestone, bringing in more money than it spent in the last quarter...

Citi’s Parsons Said to Join Equity Firm

Richard D. Parsons, chairman of Citigroup is planning to announce that he will become a senior adviser to Providence Equity Partners, the large private equity firm...

Mo' Money: What the masters of the universe did next

High and mighty: What the masters of the universe did next

The 10 Largest U.S. Bankruptcies

From Lehman to Texaco, the mighty have fallen, taking down billions and billions with them..

Billionaire brothers' gas feud

The Indian government has accused two billionaire brothers of holding the country "hostage" in a feud over gas supplies from their fields in the Bay of Bengal...Billionaire brothers' gas feud

Silvio Berlusconi faces new sex party allegations

At least five more glamorous young women were paid to have sex with Silvio Berlusconi at parties at his mansion in Rome, it has been alleged...

Goldman’s CEO, the Most Powerful Person of 2009?

Vanity Fair has released its annual ranking of "100 Information Age Powers" of 2009...

Yuan spenders eclipse Arabs, Russians in UK

Data from tax rebate companies suggests Chinese tourists are spending three to four times more than a year ago in London's chic shopping districts..

The wealthy people who gave away $1 billion

Interestingly, of the world’s 793 billionaires, by Forbes’ count, only 14 make the list...

Richest Women in the World: Wal-Mart heiress worth $18 billion

59 year old Alice Louise Walton is the daughter of Wal-Mart founder Sam Walton and Helen Walton. She is an heiress to the Wal-mart fortune. Her US networth is now estimated at $18 billion, along with her two brothers Samuel and Jim.

Her brother John died in a plane crash in 2005.

Billionaire's New $500 Million Toy...

It is the world's biggest private yacht in existence and comes with a missile-detection system, two helipads, a luxury spa, swimming pool and a miniature submarine.

But when you're Russian oligarch Roman Abramovich, only the most ostentatious displays of wealth will do...

Billionaire has his own private army, and Boeing 767 Jet

Beside owning the world's biggest yacht, which he paid close to $500 million to have built, 42 year old Russian Billionaire Roman Abramovich(networth $8 billion,) also has his very own private army, bomb and bullet proof limousines, $5 million worth of sports cars, as well as a fully loaded Boeing 767 jet...

And he has alot more...

The World has 793 Billionaires

The almighty:

They have the brains, the businesses, and the cash. The world now has 793 Billionaires according to a new Forbes Report...

Billionaire spends over $500 million on Worlds biggest Yacht

42 year old Russian oil billionaire Roman Abramovich, reportedly has spent between $300 million to $700 million to buy the world's biggest yacht, the 'Eclipse', which measures 557 feet.

Billionaire owns 10,000,000 square feet of Land

Bill Gates Microsoft co-founding partner Paul Allen(networth $10 billion), who also owns the Portland Trailblazers, and the Seattle Seahawks, through his Vulcan INC, owns more than 10,000,000 square feet of land that he plan's to develop in the Seattle Wa area...

His 2008' Salary? $500 million

Oracle co-founder and CEO Larry Ellison (networth $22 billion) made a reported $500 million in salary in 2008'.

Ellison is a avid yachtsman and sailsman, and in 2004' gave away over $151 million, which was 1% of his networth at the time...

Billionaire's $200 million donation to UCLA

In 2002, Billionaire music, film mogul and philanthropist David Geffen made the largest single donation ever made in this country to a school of medicine. And that school was the UCLA School of Medicine.

Geffen gave UCLA a donation of more than $200 million..

"Happy is harder than money. Anybody who thinks money will make you happy, hasn't got money." -David Geffen

Billionaire spent $55 million on Daughters wedding Celebration

Yes it's true.

Indian Billionaire Lakshmi Niwas Mittal, who has a U.S. networth of over $19 billion, spent $55 million on his daughter's wedding celebration.

Mr. Mittal is the CEO of India steel giant Mittal Steel, and he is also the chairman and CEO of ArcelorMittal, after a recent merger. Mr. Mittal also serves as a director of EADS, ICICI Bank and serves on the board of Goldman Sachs.

Billionaire with a 100 Room Mansion....

Billionaire David Geffen has it all.

David Geffen is a music and film mogul. As one of the three partners of Dreamworks, Geffen started in the music business in the late 1960's.

Now with an estimated networth of over $4 billion, Geffen can well afford his 100 room mansion ...

The Billionaire who spent $128 million on a Mansion

In 2003, Indian billionaire Lakshmi Niwas Mittal, founder of Mittal Steel, spent $128 million on his new Home in Great Britain..

The Mexican Billionaire with $35 Billion

Carlos Slim, now the World's 3rd richest man, started from very humble beginnings. But that has all changed now, as he has now amassed a networth of over $35 billion...

Billionaire spent $200 million in cash to build yacht

Oracle CEO, Larry Ellison, who is a avid sailsman, spent $200 million to the build the world's 6th largest yacht...

The Billionaire Girl with the $7,000 Titanium cell phone

The daughter of Russian Billionaire Alla Verber, Katia, has a $7,000 Titanium cell phone, and a $250,000 Bentley to match....

Billionaire: 'removing George W. Bush from office was the "central focus of my life..'

In 2003, Billionaire George Soros(networth $11 billion), stated that he was willing to sacrifice his entire fortune to defeat President Bush, "if someone guaranteed it."