BoC To Auction C$2bln In 30 Day TLF on Monday
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White House Officially Signs Off On Automaker Loan Agreements
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Fed to Further Revise TALF Terms Based on Market Needs Going Forward
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Fed Extends TALF Loan Maturity from 1yr to 3yrs
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TALF Loans No Longer Distributed Through Auction, Available to All Eligible Borrowers --NY FED
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BoA Sells $6.75bln of FDIC-Backed Debt
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IL Governor intends to stay on the Job; will answer questions in appropriate forum
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Obama - economists insist economy must be put back on track first
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Obama - part of econ plan...mechanism to get budgets under control
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Obama - once we get economy back on track, we will be confronted w/ "this enormous deficit"
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Obama - will change how business is done in D.C.; no road to nowhere...
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Obama - focus on job creation, increasing demand, fix financial markets will cost significant amount of money
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Obama - need bold approach to stop rapid econ decline
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Community Bankers Trust Gets $17.68mln of TARP Funds
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Obama - concerned about Stimulus estimates; econ forecasts have deteriorated
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Obama - must have reciprocity in Trade Agreements; labor, environmental agreements must be part of trade agreements
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Obama - must rebuild regulatory structure
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Obama - create jobs and train workers for them; the way to keep jobs in the U.S. is to rebuild infrastructure
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No FED speeches scheduled thru year end - barring unforseen events
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Petrobras Gas, Oil Output Totaled 2.17mln BPD in November
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31st July, 2008 - Investment Technology Group to become full owner of BLOCKalert

Investment Technology Group Announces POSIT Alert in US

Bob Gasser, CEO and President, ITG: “After a thorough evaluation of our global POSIT crossing suite, we felt that clients would benefit most if ITG focused on enhancing the system with direct buy side to buy side liquidity.”

Investment Technology Group, Inc. has announced that it will become full owner of BLOCKalert, acquiring Merrill Lynch’s stake in the joint venture. The block crossing service will be re-branded as POSIT Alert and merged into ITG’s POSIT crossing suite, providing POSIT Alert clients with a more seamless interface. POSIT Alert is now available under the same brand name in the US, Europe and Australia unifying ITG’s strong global POSIT brand.

“ITG’s neutral agency broker status and trusted POSIT crossing suite have long been key differentiators for the firm,” said Bob Gasser, CEO and President of ITG. “After a thorough evaluation of our global POSIT crossing suite, we felt that clients would benefit most if ITG focused on enhancing the system with direct buy side to buy side liquidity.”

“Merrill Lynch’s joint venture with ITG was a positive experience for both firms and we look forward to continuing our relationship with ITG,” said Michael Stewart, managing director and head of global cash equities at Merrill Lynch.

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