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Breaking News: WSJ Reports Citi on Way to Dismantle Itself





Whoa, busy day for breaking news

 
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And The Hits Keep on Coming





According to TrimTabs, record $148 Billion in Hedge Fund outflows in December.

Deleveraging may have a day or two to go.

 
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Death List Update: Six Flags On Defibrilator Alert





According to sources, the indenture trustee on Six Flags' 12.25% Notes due 2016 has confirmed that a $24.5 million interest payment on the notes was made. This buys the company a whopping two weeks before it has to make its February 1 coupon payment on its 8.875% Notes due February 2010.

 
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More On The Secretive Frank and Charlie





Good to see we are on to something. In our breaking expose from Wednesday we presumed that there is more than meets the eye with Frank DiPascali and Charlie Wiener, the other, heretofore secretive Lipstick building 17th floorites.

 
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HeidelbergCement Trying to Avoid The Cement Shoes





HeidelbergCement, the world leader in aggregate production which over the past year has lost over 60% of its equity value, and one of the main holdings of recently deceased Adolf Merckle who got caught shorting Volkswagen (for a brief period of time the wo

 
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Galloway and Rattner Joining Forces to Make Sure All Well At NYT





In a rather edgy back and forth between Michael Hirschorn of the Atlantic and Catherine Mathis, SVP Corporate Communications at the NYT, each one blames the other for calling the kettle black.

 
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Breaking News: Steve Jobs to take Medical Leave Until End of June





"Team, I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family,but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

 
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Market Not Sure Why It Is Rallying But Doing So Anyway





S&P posting a 20 point rally in past hour. Talking heads speculating this is due to expections of more taxpayer money about to come and bail everyone out via TARP 2 any second. This obviously did miracles last time around.

 
Tyler Durden's picture

More On The Secretive Frank and Charlie





Good to see we are on to something. In our breaking expose from Wednesday we presumed that there is more than meets the eye with Frank DiPascali and Charlie Wiener, the other, heretofore secretive Lipstick building 17th floorites.

 
Tyler Durden's picture

HeidelbergCement Trying to Avoid The Cement Shoes





HeidelbergCement, the world leader in aggregate production which over the past year has lost over 60% of its equity value, and one of the main holdings of recently deceased Adolf Merckle who got caught shorting Volkswagen (for a brief period of time the w

 
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Nortel Fiasco Causing Ripples





In an example of what we will be seeing a whole lot more of in the next few days, Flextronics issued a press release, claiming "it has been proactively engaged in executing a risk mitigation plan with respect to its relationship with Nortel for a period of several months. In December 2008, Flex engaged The Blackstone Group as it financial advisor to assist with evaluating the Nortel relationship and planning for any Nortel restructuring strategy." In addition, Flextronics will provide more specific financial details associated with today's news on its January 28, 2PM earnings call.

 
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Breaking Expose: So... Where are Frank and Charlie?





With the public's attention having been exclusively focused on Bernie, his sons Marc and Andrew, and Bernie's "three-man accountant company" lead by David Friehling, a question that is intriguing more and more people is who/what/where are Frank DiPascali, the 51 year old CFO of Bernard L Madoff, and Charles Wiener, Bernie's 50 year old nephew, listed as Director of Administration, who were the only other tenants on floor 17 of 885 Third Avenue.

 
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Step-By-Step Guide to Near-Term Budget Deficit Funding





With the U.S. government unable to print money fast enough, and "sophisticated" investors rushing to buy every bond Washington will peddle to fund the upcoming multi-trillion budget deficit, Zero Hedge has decided to make life easier for everyone and provide a cribsheet for all upcoming Bill, Note, Bond and TIPS auctions. We wish everyone the best as they earn negative 2-100% real interest rates on their investments.
 
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Nortel Upping The Suspense To Fever Pitch





Our readers at Reuters picked up today where we left off yesterday, and apparently had more luck in getting through to someone at the company than just the switchboard...However, not much information was gleaned: "It is our policy to not co

 
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