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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.
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.

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.

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.

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.

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.

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.

Federal prosecutors are appealing a court's ruling that allows alleged fraud mastermind Bernard Madoff to remain under house arrest on $10 million bail.
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.

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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