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Bernard Madoff seems once again to be borrowing from the Charles Ponzi playbook, in this case the final chapter. If so, he should be sure to read the fine print.
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MILAN (Reuters) - Fiat is talking with Chrysler LLC to form a strategic partnership that could lead to the Italian car maker taking a stake in its U.S. peer, an industry publication said, citing people familiar with the matter.

30
LONDON/MADRID (Reuters) - Britain launched a second bank rescue plan and Royal Bank of Scotland recorded the biggest loss in UK corporate history Monday while a cut in Spain's credit rating caused fresh market wobbles.

14
HONG KONG (Reuters) - Asian stocks pushed higher on Monday and the dollar lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets.

27
NEW YORK (Reuters) - Citigroup Inc has earmarked its Japanese retail brokerage operation, Nikko Cordial Securities, for sale, according to a report in the Wall Street Journal on Sunday.

14
NEW YORK (Reuters) - Wall Street will greet a new president this week with high hopes for a fresh start, but a deluge of corporate earnings reports pointing to a deepening recession could spoil the welcome party.

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BERLIN (Reuters) - The European economy is sliding deeper into recession and the fourth quarter of last year was "catastrophic," European Union Industry Commissioner Guenter Verheugen said on Sunday.

9
Federal prosecutors are appealing a court's ruling that allows alleged fraud mastermind Bernard Madoff to remain under house arrest on $10 million bail.
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NEW YORK (Reuters) - U.S. President-elect Barack Obama is seeking new ways to end a credit crisis that is roiling world economies and he warned on Saturday of the vast challenges a worsening economy poses for Americans.

15
NEW YORK (Reuters) - William Dudley, who runs the markets desk at the Federal Reserve Bank of New York, is the likely front-runner to become next president of the bank, the Wall Street Journal reported on Friday.

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