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.