Kuwait's Global says in default on debt - PR Inside

KUWAIT CITY (AP) - Kuwait's largest investment bank says it is in default on the majority of its debt. The announcement by Global Investment House on Thursday marks another blow for the firm, which had been meeting with creditors about restructuring ...

Read more...

---

SEC charges Broomall man in $50 million Ponzi scheme - Delaware County Daily Times

PHILADELPHIA— A Delaware County investment manager ran a Ponzi and fraud scheme that swindled an estimated $50 million from as many as 80 investors, federal authorities charged. Joseph S. Forte, 53, of Broomall, was given the money to invest ...

Read more...

---

Northern Italy shuts aiports due to heavy snowfall - Reuters

MILAN, Jan 7 (Reuters) - Heavy snowfall forced northern Italy to close briefly its major airports on Wednesday, including Malpensa outside Milan. Up to 40 cm of snow has fallen across northern Italy since Tuesday, slowing people's return from ...

Read more...

---

Billions at stake as China issues 3G telecom licenses - Taipei Times

China issued long-awaited third-generation mobile phone licenses yesterday, a move that will pour billions of dollars into new networks as consumers buy video and Internet-enabled handsets. The Ministry of Industry and Information Technology issued ...

Read more...

---

Sainsbury's best-ever Christmas - Ananova

The firm said it had 22.6 million customers in the final week before Christmas, and its busiest ever trading day on December 23. The first of the "big four" UK grocers to report on festive trading said overall like-for-like sales excluding fuel rose ...

Read more...

---

Financial Information for Investment Fund Market Provided by Fund.com ... - Transworld News

Provider of financial information for the investment fund market, Fund.com (OTCBB: FNDM ) does the research to bring you the best of the best in new investment opportunities and is now appearing as the Featured Company on TransWorldNews.ca. Fund.com ...

Read more...

---

Lehman Private-Equity Arm Gains New Investment - Wall Street Journal

Lehman Brothers's private-equity arm has reached an agreement with its collapsed parent to spin out into an independent firm, while taking in new investment from luxury-goods billionaire Johann Rupert, according to two people familiar with the deal ...

Read more...

---