Reese Schonfeld's latest target is Loretta (Fredy) Bush, chief executive of Xinhua Finance, a Chinese-language newswire service.

FORBES: Reese's Pieces

"We've got a range of projects underway, " a spokesman for the Shell Companies in China told Xinhua Finance News Asia.

FORBES: Magazine Article

Xinhua Finance founder Loretta Fredy Bush and two former Xinhua directors, who had been indicted in the U.S., have agreed to a plea deal, the government said.

WSJ: What's News

Tougher to duck, however, is a two-page agreement Schonfeld filed with the court, signed by Bush in June 2003, that grants each of them 10% (and Xinhua Finance 40%) of the proposed channel.

FORBES: Reese's Pieces

Concerns over a general economic slowdown in China, plus the eroding residential real estate market has hurt the finance-heavy iShares FTSE China Xinhua 25 (FXI) exchange traded fund, a popular vehicle for retail investors hopping on the China band wagon.

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