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Geneva banks lost more than $4 billon to Madoff: report (Reuters)
Geneva-based banks and investment funds have lost more than 5 billion Swiss francs in the alleged $50 billion fraud by former Nasdaq chairman Bernard Madoff, Swiss newspaper Le Temps reported on Saturday.
yahoo.com

US May Tap TARP To Save Car Firms
The White House will consider tapping a $700bn financial rescue fund to bail out the US car industry after the Senate rejected a bill aimed specifically at saving the sector. A spokeswoman said the ...
Big News Network

Funds target struggling firms
Butler Capital Partners, the Paris-based private equity fund run by former Goldman Sachs executive director Walter Butler, is to launch three funds worth €700m (£625m) in the new year. ...
Telegraph

Commodities Weekly Review
This was a very solid week for commodities as most commodity indexes were up about seven percent on the week. Commodities caught the interest of hedge fund managers as commodities...
About

Bush considering auto bailout alternative
The Bush administration may use money from the US$700 billion Wall Street rescue fund to prevent the US auto industry from failing.
Big News Network

Unicredit`s Pioneer unit invested in Madoff funds
MILAN (MarketWatch) -- Dublin-based Pioneer Alternative Investments, a unit of Italy's UniCredit SpA (UCG.MI), invested in funds with Bernard L. Madoff Investment Securities, the Wall Street company run by Madoff, who Thursday was arrested and charged with securities fraud in an alleged $50 billion Ponzi scheme run out of the firm's investment-advisory business, two people with knowledge of the situation said Saturday.
Market Watch

White House Ready to Aid Auto Industry
The Bush administration said it would consider dipping into the $700 billion rescue fund to help automakers.
The New York Times

HDFC MF bearish on engg, cement const, chemical
HDFC Mutual Fund has pared exposure to Engineering Capital Goods, Cement Construction and Chemicals sectors while increased to Oil Gas, Information Technology and Pharmaceuticals sectors.
Money Control

Tata MF bullish on utilities, banking, telecom
Tata Mutual Fund has increased exposure to Utilities, Banking Financial Services, Telecommunication sectors. However, it has decreased coverage to Information Technology, Engineering Capital Goods and Oil Gas sectors.
Money Control

ITC, JP Associates, Indiabulls Real top buys: SBI MF
SBI Mutual Fund has reduced exposure to Engineering Capital Goods, Metals Mining and Information Technology sectors while increased to Tobacco, Utilities and Conglomerate sectors.
Money Control

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Archived "business - funds" news stories.

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September 2009
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