peHUB First Read

* Daily carnage report: Merrill posts a worse-than-expected loss, Citi posts a better-than-expected loss, U.S. futures are up, Asian markets are crashing, particularly in Japan. * Huntsman and Hexion are quickly morphing from foes into friends. All it takes is a common enemy. * A squeeze in the P2P lending world, which is largely financed by venture capital firms. * Tesla Motors cans another CEO and lays off staff. Elon Musk is now in charge, and gives his take on what's happening.

16 October 2008•1 min read
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