Monday's Headlines: All Eyes on Japan
The world's eyes are on the Pacific as Japan struggles to emerge from the massive earthquake and subsequent tsunami and threats of a nuclear reactor meltdown. Forbes analyzes how the aftershock will impact the global economy, including that of the United States, as U.S. Treasuries could suffer "if the Japanese government and insurers sell their substantial holding to fund rebuilding and cover insurance costs." [Forbes]
Other News
Bank of Japan pours record cash sum into financial system and doubles its asset-purchase plan. [BusinessWeek]
Deutsche Börse says it will avoid forced layoffs in planned merger with NYSE Euronext. [Reuters]
Robert Kelly, CEO of Bank of New York Mellon, saw his compensation boosted 38 percent to $19.4 million. [BusinessWeek]
Lehman's compensation overseers say advisor pay should be "reasonable, actual and necessary." [Bloomberg]
Buffett retains $100,000 salary, wags finger at excessive pay. [Bloomberg]
Pimco to launch derivative-lite Total Return Fund. [Investment News]
European-based inter-dealer brokers Tullett Prebon and Compagnie Financiere Tradition continue merger talks. [Bloomberg]
Smaller advisory firms roiled by increased costs from audits. [Investment News]
Swiss money manager Plenum Investments to launch energy hedge fund focused on continental Europe. [Bloomberg]
