Wednesday, March 4, 2009

Frontrunning: March 4

  • GE CDS trades at 19 points
  • ADP unemployment increases by 697k, 70k more than expected "priced in" (Bloomberg)
  • MGM says it may breach covenants soon (Bloomberg)
  • Up to 10.5 million mortgages underwater (Bloomberg)
  • U.S. Bancorp most recent bank slashing dividend (Bloomberg)
  • Merrill's $10 million men: leaked bonus data (WSJ)
  • Short-sale rule effectiveness undermined by SEC's own data (Bloomberg)
  • Home prices by city (NYT)
  • Sheldon Adelson begs Americans to go to Vegas before he goes bankrupt (Reuters)
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