$$$ George Soros: What if the world isn’t worth saving? [MarketPlace]

$$$ Citigroup Loses Municipal Bond Case [WSJ]

$$$ Meet My Departed Grandma, Fledgling Facebook Investor [WSJ]

$$$ JPMorgan Ex-Structured Product CDO Head Llodra May Face SEC Suit [Bloomberg]

$$$ Deutsche Bank Maneuvers Around Capital Rules [WSJ]

$$$ Japan valuations “are getting very attractive,” said Templeton Emerging Markets Executive Chairman Mark Mobius, so much so that the country is beginning to resemble an emerging market. [CNBC]

Article courtesy of Dealbreaker

Folks, in an effort to bring you closer to the news, I’ve uploaded a document, in Italian, provided to me today by one investor, which he claims is the actual text of the rules passed today by Italian regulators regarding changes to the renewable energy market in that country, and, in particular, changes to solar energy policy.

As I mentioned a short while ago, there was a significant degree of disagreement today on the Street as to exactly what is going on in Italy. The text may or may not help to clarify.

You can access the document and browse it at your leisure here.

I’m told by this investor that the relevant passages are on page 26, in the section labeled, “9-bis.”

Thoughts, feedback on the text, most welcome.

Article courtesy of Tech Trader Daily

2010 Q4 Third Point Investor Letter [PDF]

Article courtesy of Dealbreaker

Shout out to the Doctor in John Paulson’s year-end letter to investors.

paulson_2010

John Paulson 2010 Letter To Investor [ZH via BI]

Article courtesy of Dealbreaker

$$$ How Merrill Lynch Traders Helped Blow Up Their Own Firm [ProPulica]

$$$ A lawsuit filed against Phil Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and a small publicly traded company that he also controls. Harbinger Group Inc (HRG.N), a holding company with little more than $100 million in cash on its balance sheet, is paying too much for the assets of Spectrum Brands Holdings Inc (SPB.N), which sells pet care products and small appliances like the George Foreman grill, the lawsuit charges. [Reuters]

$$$ Bond Fund Investors Pull Most In 2 Years [Bloomberg]

$$$ Deep Fried Holidays– who can resist? [WSJ]

$$$ Blackstone tries to sniff out party leaker [Fortune]

$$$ Alcoholics May Stop at One Drink With Help From Lundbeck Pill [Bloomberg]

Article courtesy of Dealbreaker

During a conference call this evening following an in-line Q4 update, Texas Instruments (TXN), VP of Investor Relations Ron Slaymaker detailed the expected 6% decline in revenue from Q3 to Q4 (at the mid point of the company’s forecast range of $3.43 billion to $3.57 billion).
Half the decline, $100 million, [...]

Article courtesy of BARRONS.com: Tech Trader Daily

The brass balls are earning their keep.

Appaloosa Investor Letter

Watching Washington And Then Investing [Dealbook]

Article courtesy of Dealbreaker

Just 36 hours ago, a bunch of DE Shaw employees were under the impression they had jobs. Yesterday afternoon, they were informed such was not the case, when the hedge fund canned ten percent of its staff, including partners and portfolio managers. Right about now they’re probably very confused and very angry. At least half of those axed likely attempted to find out the home addresses of whoever gave them the boot and half of those probably went to far as to show up at said houses and thinking about knocking on the door to have words. At least one lawn jockey was probably pissed on. But people, please. Lay off David and Co’s asses. They’re having just as bad a week as you.

The firm, which uses computer models to trade markets, may also be feeling investors’ wrath after limiting investors’ access to their cash during the crisis, added the investor, who said they had been trying to withdraw money for some time. “My feeling is that they haven’t been rushing to return money to investors,” the investor said. “We haven’t seen an investor-friendly process.”

They shouldn’t have to take it from both ends.

Article courtesy of Dealbreaker

Pershing Square Q2/2010 Investor Letter [PDF]

Article courtesy of Dealbreaker

Carl Icahn has increased his stake in Motorola (MOT) to 9.99%, from 8.7%% in May, the investor disclosed in an SEC filing. Icahn now holds 232.2 million shares in the company, including 10.15 million acquired on August 2 and 3 and $7.62 a share, or a total of $77.3 million.
MOT [...]

Article courtesy of BARRONS.com: Tech Trader Daily