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January 26 Early Headlines
- 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 (FT)
- Hedge funds that sue you (thestreet)
- UBS paying over $1.6 billion in bonuses next month (Timesonline)
- That Conti CDS looking very cheap - Schaeffler and Conti in talks about possible state bail out (FTAlpha)
***UPDATE***
- Home Depot streamlines next, fires 7,000, exits EXPO Business (PR)
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