Merrill Lynch & Co Inc
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Borrowing binge exacerbates selling in U.S. bonds
NEW YORK (Reuters) - U.S. Treasury debt prices eased on Wednesday as spotty auction results confirmed fears about the market's ability to absorb a growing need for new issuance, offsetting any safety bid from careening stocks. Full Article
TREASURIES-Borrowing binge exacerbates selling in bonds
* Weakness comes despite plunging stocks, dire job data Full Article
UPDATE 1-Canadian economists see 'terrible' start to '09
(Recasts. Adds Merrill Lynch Canada interest rate forecasts) Full Article
Accounting scandal at Satyam could be India's Enron
BANGALORE (Reuters) - The head of Indian outsourcing company Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years and sending its shares plunging nearly 80 percent. Full Article
After career highs, Satyam chief makes stunning exit
BANGALORE (Reuters) - In a stunning 5-page letter detailing years of financial deception at the firm he founded, Satyam Computer Services Chairman B. Ramalinga Raju brought an illustrious corporate career to an undignified end. Full Article
UPDATE 5-Satyam chief quits, fraud scandal slams shares
* NYSE halts trade in Satyam's shares (Adds company comment, NYSE halt, background) Full Article
TREASURIES-Bonds tumble on debt supply concerns
* Prices lower despite evidence of struggling employment Full Article
Bank of America sells China bank stake
HONG KONG (Reuters) - Bank of America Corp, coping with tough economic conditions, raised $2.83 billion by selling part of its stake in China Construction Bank Corp, and Hong Kong's richest tycoon sold a $500 million stake in rival Bank of China. Full Article
UPDATE 6-Bank of America, tycoon sell China bank stakes
(Recasts first paragraph; adds Bank of America and Construction Bank comments, details throughout) Full Article
CDS prices show fears Ineos could follow Lyondell
LONDON, Jan 7 (Reuters) - LyondellBasell's bankruptcy protection filing has raised fears UK sector rival Ineos may suffer a similar fate, as shown by the high cost of buying protection against its debt in the credit derivatives market. Full Article
