4

World markets kick New Year off in style (AP)

http://us.rd.yahoo.com

AP - World stock markets rallied strongly Friday on the first trading day of 2009 as New Year's optimism more than offset grim economic news from around the globe.

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3

Yucaipa Buys Barnes & Noble Shares

http://feedproxy.google.com

NEW YORK (Reuters) - Yucaipa Cos, a private equity firm controlled by billionaire Ron Burkle, said on Friday it had acquired an 8.3 percent stake in bookseller Barnes & Noble Inc (BKS.N), saying it believed the shares were undervalued.
The company’s shares rose 4 percent after-hours to $15.99, after the announcement.
Yucaipa funds said it had bought about 4.58 million shares since Nov. 24 for about $67.3 million, net of commissions, the company said in a filing with the U.S. Securities and Exchange Commission.

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2

Global stocks rise on first trading day of year (Reuters)

http://us.rd.yahoo.com

Reuters - World stock markets opened the new year with gains on Friday after a dismal 2008, while the dollar rose against major currencies and prices in crude and gold fell.

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4

Obama, Congress leaders to meet Monday on economy (Reuters)

http://us.rd.yahoo.com

Reuters - Both President-elect Barack Obama and Vice President-elect Joe Biden will huddle with Democratic and Republican congressional leaders on Monday to try to advance a huge economic stimulus bill that Obama hopes can be enacted quickly, despite Republican reservations.

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2

Chrysler gets $4 billion U.S. government loan (Reuters)

http://us.rd.yahoo.com

Reuters - Chrysler LLC on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors Corp.

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4

GM, GMAC loosen finance pact after lender bailout (Reuters)

http://us.rd.yahoo.com

Reuters - GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp cars and trucks.

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2

An Apollo Switch on Verso’s Board

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Verso Paper Corp. (NYSE: VRS) announced that Josh Harris of Apollo Management has resigned from the company’s board of directors, and that he will be succeeded by fellow Apollo partner Eric Press.
 

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3

Global Stock Markets - 2008 Performance (Winners & Losers)

http://news.hereisthecity.com

Here's a look at how bad things were for global stock market indices in 2008.

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2

Vanessa Indriolo Elected to ILPA Board of Directors

http://feedproxy.google.com

Vanessa Indriolo, director of private equity at Fifth Third Bank, has been elected to the board of the Institutional Limited Partners Association (ILPA). She will serve as two-year term.
 
PRESS RELEASE

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3

Top Firm's Compensation 'Principles' Revealed

http://news.hereisthecity.com

Citi CEO Vikram Pandit has been writing to his (ever decreasing number of) staff again. This time it's about the firm's new compensation principles.

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