CS Cuts AA 2009 EPS Forecast from $1.50 to $0.15
::
EUR/USD Consolidating Just Above 1.3420
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BoC To Auction C$2bln In 28 Day TLF on Jan 12
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BoC To Auction C$1bln In 14 Day PRA on Jan 12
::
C, MS in Talks to Merge Brokerage Units --CNBC
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Merkin Leaving GMAC Board
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C: Rubin Will Stay on as Director Until Term Expires --CNBC
::
Moody's Puts FDX (Baa2) on Outlook Neg
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WSJ reports Robert Rubin is "tired of defending" his Citi tenure
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Rubin Leaving Citigroup --WSJ
::
NY FED Board Will Meet Tomorrow to Consider Geithner Replacements --Reports
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Boeing to Cut 4,500 Jobs --WSJ
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'Wickedly Nasty' Recession; Zero Upward Pressure on Rates --Pimco's McCulley on Bbg TV
::
Pemex: Fisherman Protest at Salina Cruz Terminal Jeopardizes Shipments
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YHOO Likely to Pick Decker, Bartz, or 3rd Candidate for CEO Next Week
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Crude Down 3.5% at 40.27
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Exxon: Planned Repairs to Torrance, CA Refinery (150k BPD) Include Hydrotreater, Alky, Sulfur, FCC Units
::
10yr Up 0.75% at 126-08
::
Exxon Closes Units at Torrance, CA Refinery (150k BPD) for Maintenance
::
Barclays Cuts J Crew from $10 to $5
::

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Since Automated Traders Q3 issue hit your desktops, we have been living in interesting times. In our conversations with you in the last few weeks before going to press, two things have been top of your agendas:
The short selling ban on financial stocks The security of margin deposits in the event of a clearers failure. This issues First People feature showcases some of these conversations.

Short Selling and Risky Margin

The short selling ban

Miles Kumaresan, Head of Algorithmic Trading, TransMarket Group

It is a nuisance. It is also a false intervention, because the markets are not going down simply because of short sellers – they are going down because the fundamentals are poor. All the ban is doing is putting a small temporary brake on this situation; rather like trying to close the gate on a huge dam. ...

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