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End In Sight In Russian Gas Row
Russia could restart gas shipments to Europe by tomorrow if an agreement can be signed allowing an EU-led mission to track gas flows through Ukrainian pipelines. EU monitors arrived in the Ukrainian...
Telegraph

Where To Park Your Cash For A Crunch
Ray Martin offered advice on safe places to invest funds you're saving for emergencies (such as a job loss) on The Early Show Saturday Edition.
CBS News

Agency warns on automakers` pension funds: report (Reuters)
An estimated 1.3 million car workers and retirees could see their pensions cut if one or more of the U.S. automakers collapse, the head of the government agency that protects Americans' pensions warned on Friday.
yahoo.com

GMAC Chairman Merkin resigns as board gets revamped
Finance company GMAC said Friday Chairman Ezra Merkin, the hedge fund founder stung in accused fraudster Bernard Madoff's alleged ...
USAtoday.com

US Treasury slammed over handling of financial bailout (AFP)
A US congressional panel sharply criticized the Treasury for its handling of a 700 billion financial bailout fund, as lawmakers moved to demand more transparency and accountability.
yahoo.com

Obama, Democrats look to revamp financial bailout (AP)
Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the $350 billion remaining in the financial bailout fund, officials on both sides said Friday.
yahoo.com

Fairfield Greenwich sued over $1 billion in Madoff-related fees
An investor sues Fairfield Greenwich Group to try to recoup more than $1 billion the investment firm collected for funneling client money into funds run by Bernard Madoff.
Market Watch

Wedgwood family fights to stop US takeover bid
The Wedgwood family is preparing a last-ditch scheme to stop the sale of the family business, founded in 1759, to an American fund.
Telegraph

OptiSolar to lay off 300 workers
OptiSolar Inc. is laying off 300 people, about half its staff, to save cash while it looks for more funding.
Bizjournals.com

Nils Pratley: Call time on tied tenancies
Get rid of the tied house. The cry has been heard for years from disgruntled pub tenants who are obliged to buy their beer from so-called pubcos, led by Punch Taverns and Enterprise Inns, at prices they regard as inflated.Good news may lie ahead for them. Even the City has started to regard the business models of Punch and Enterprise as broken, and senses that the tenants need a better deal. The bad news for the licensees is that it is only now that their plight is acute that a mood of reform can be detected.The share prices paint the picture. Punch and Enterprise have fallen 90% from their peak and the slump arrived as suddenly as it did with the banks. That's not a coincidence. As everybody knows by now, the pub industry was invaded by financial engineers. The rent from tied tenants, plus the profit from buying beer in bulk from the breweries, was regarded as so reliable that the cash flows could be mortgaged.The pubcos' mistake, according to the former chief executive of one of the
The Guardian

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