Early Headlines January 27

• Bill Dudley to become new NY Fed President (Bloomberg)
• Delta losses widen (Press Release)
• Good article on why everyone who claims CDS are the reason for the current debacle, is a little slow (Derivative Dribble)
• Canadian Oil Sands on their way to murky bitumenous death (FTAlphaville)
• Paulson & Co. makes $420 million shorting RBS Stock (Bloomberg, as we expected)
• Corning next on streamlining train (FT)
• TARP-linked index down 36% since inception (Alea)