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
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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
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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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Why, in the era of webinars, wikipedia and www.automatedtrader.net, do people still go to conferences?

Just a lot of hot air?

Why, in the era of webinars, wikipedia and www.automatedtrader.net, do people still go to conferences? Aren’t all the research tools and market intelligence you could possibly need already at your fingertips? Well, not quite all. Despite the devilish details you can summon up in an instant from the bowels of the world wide web, there is still no substitute for eating, drinking and sleeping with a subject for a couple of days among like-minded folk. Deprived of all that is normally considered necessary to sustain life – natural light, fresh air, five fruit-and-veg a day, broadband connections – conference attendees feed instead on gossip, hearsay and rumours that may just help them make important decisions back at the coalface. ...

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