Tuesday, February 24, 2009

Late Tuesday Headlines

  • Japan exports fall 45.7%, resulting record trade deficit means no more Treasury purchases (Bloomberg)
  • Merrill loss even greater: unseen $500 million charge emerges (FT)
  • Highland's troubles grow: UBS sues for $745 million loss in CDO fund (Bloomberg)
  • Renters losing edge on homeowners (WSJ)
  • More newspaper drama: Hearst to sell or close San Francisco Oracle (Reuters)
  • Another failed hedge fund tries to stage comeback tour, this time it's Dillon Read (Bloomberg)
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