Archive - Jan 26, 2009 - Story

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January 26 Early Headlines

Submitted by Tyler Durden on 01/26/2009 13:12 -0500



  • Caterpillar stock plunges 20% premarket after outlook and job cuts (Bloomberg)
  • ING Group laying off 20,000 (NY Times)
  • Barclays says all good despite $10 billion writedown, we don't need your stinking bail out (
 
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Late Sunday Headlines

Submitted by Tyler Durden on 01/26/2009 02:45 -0500



  • Pfizer Offers $66.8 Billion for Wyeth (Bloomberg)
  • 8x levered auto supplier at 16 pts up CDS anyone?
 
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Chapter 7 Cases Poised To Surge

Submitted by Tyler Durden on 01/26/2009 01:32 -0500



The liquidations of Circuit City and Linens 'N Things are just the beginning. As we discussed recently, the dea(r)th of distressed financing will crimp the plans of any companies who plan to brave the current crisis through traditional Chapter 11 bankruptcies.

 
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