WellPoint Nets Tumbles on Investment Loss (TheStreet.com)
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The health insurer said fourth-quarter earnings fell 61% as it recorded net realized investment losses of $350.5 million.
Investment fund manager facing fraud charges surrenders (CNN)
A missing Florida fund manager — whose $300 million in investment funds are actually worth less than $1 million, according to a federal lawsuit — has turned himself in to face fraud charges, the FBI said Tuesday.
Satyam Appoints Management Advisor, Investment Banks (PC World via Yahoo! News)
The board of Satyam Computer Services has appointed The Boston Consulting Group as management advisor, and Goldman Sachs and Avendus, an Indian investment bank, as investment bankers to advise the company on various strategic options, including bringing in a large investor in the company.
