India Finance Minister: Downgrade Will Not Happen
India's Finance Minister Palaniappan Chidambaram says there are no contingency plans for a sovereign rating downgrade as they believe there is "absolutely no chance of it happening." He spoke to Bloomberg Television's Aika Nanao.
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Madoff Fund Pays Administrator But Not Victims
13:14 - A firm hired by the U.S. to distribute $4 billion to victims of Bernard Madoff’s Ponzi scheme has racked up $38.8 million in billings over four years. The investors are still waiting for their first checks, though. Bloomberg's Erik Larson has more on "Bloomberg Markets." (Source: Bloomberg)