Nov. 12 (Bloomberg) -- Billionaire Nelson Peltz disclosed a $345 million third-quarter bet that the benchmark Standard & Poor’s 500 Index will fall, a move that could protect his stock holdings from a U.S. market decline. Full Article at Bloomberg.com

Legg Mason Chief Executive Officer Mark R. Fetting said Wednesday that activist investor and new board member Nelson Peltz is not interested in breaking up the Baltimore company's numerous money management units. "There is no interest in that at all," Full Article at Baltimore Sun

Daniel Gross, Slate.com Arby's was started in Ohio in the 1960s. The name is, of course, a play on roast beef, and on the names of the founding Raffel brothers. Full Article at MSN Money

Legg Mason, Inc. (NYSE: LM) Has appointed Nelson Peltz to the Board of Directors. Full Article at TransWorldNews

The arrival of Peltz and his 4.3 percent ownership stake increases the uncertainty. Given what Legg has been through, it was hard to imagine that the pressure on Bill Miller and the firm's other money managers to perform could have been any greater. Full Article at Baltimore Sun Blogs

Legg Mason chief Mark Fetting seemed thrilled Monday when he announced that billionaire investor Nelson Peltz would take a seat on the big money manager's board. Full Article at Baltimore Sun