Market Recap:
Stocks today headed for lower open following heavy sell offs on Asian and European exchanges.
New data today to give clues into the state of the housing market and corporate spending levels
Sears Holdings Corp. reported that its CEO, Aylwin Lewis, will resign from the department store chain on February 2nd.
Countrywide Financial Corp Chairman and chief executive Angelo Mozilo is to forfeit $37.5 million in pay and benefits.
Stocks to watch:
GLW
Societe Generale Fraud Saga:
Jerome Kerviel to be charged of forgery, breach of trust and fraud; accusations to be filed against Jerome by Societe Generale bank of causing what could turn out to be history’s largest trading fraud by a single person
