Tuesday, February 3, 2009

Early Feb 3 Headlines

  • UPS Freezes Salaries and Suspends 401(k) match on biggest volume drop in decade (PR)
  • Credit Suisse cutting bonuses by 55% (Bloomberg)
  • Fitch is starting to sniff for a general obligation California downgrade (MarketWatch)
  • $4.8 million option bet the SPY will drop by 17% (IndexUniverse)
  • IMF cuts Asian growth prospects by half (FT)
  • Will this depression be much worse than 1929 (Debtonation)
  • Why Barclays thinks the upcoming default tsunami will drown the life insurance companies(Barclays and Bloomberg)
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