Opening Bell: 01.12.10

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Danny Pang's Death Ruled A Suicide (WSJ)
The cause of Mr. Pang's death was "combined intoxication" from seven drugs found in his system, according to a written report from the Orange County Sheriff-Coroner. The drugs included oxycodone, hydrocodone and two other painkillers, along with drugs generally used to treat depression and anxiety. The active ingredient in marijuana, known as THC, also was found in his system.
SEC order helps maintain AIG bailout mystery (Reuters)
You'll get the info eventually, of course. In 2018.
Soros, Citadel Hire Hedge-Fund Analysts From Galleon (Bloomberg)
Eric Wasserstrom and Rajeev Patel will analyze the financial-services industry for Jorge; Charles Benziger was hired as a consumer-industry analyst at Ken's Kingdom.
Federal Reserve earned $45 billion in 2009 (Washington Post)
Ben Bernanke still keeping it real with the Jos A Bank suits.
Calif. Fund Manager Sentenced in Fraud Scheme (AP)
Bradley Ruderman was sentenced Monday in a Los Angeles federal courtroom and was ordered to pay $27.5 million in restitution. He pleaded guilty in August to two counts of wire fraud, two counts of investment-adviser fraud and a misdemeanor count of failing to file income taxes in 2007.



Hedge Fund Lender Reaps Returns on Fallen Companies Banks Shun
(Bloomberg)
"Ski racing is exciting," Michael Tennenbaum, the founder of Santa Monica, California-based Tennenbaum Capital Partners LLC says. "But there's nothing more stimulating than investing."

BofA to Limit Curl's Duties
(WSJ)
Curl, a confidant of former chief executives Kenneth D. Lewis and Hugh L. McColl Jr., is expected to lose the chief risk officer post he has held since mid-2009 as new CEO Brian Moynihan installs his own circle of close lieutenants, these people said. Mr. Curl's new duties likely would include managing certain relationships, but people close to him said he probably will leave Bank of America after an unspecified period of time.

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