ALSO NOTED: Primer on SIVs; More on Citigroup's plans for research unit; and much more...

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Company News:
> More on Citigroup's plans for research unit. Article
> Countrywide to work with activists. Article
> Moody's cut Merrill's ratings. Article
> Fitch also downgrades Merrill. Article | And S&P too. Article
> Wachovia shares hit new low. Article

Industry News:
> Primer on SIVs. Article
> Good sign: European high-yield market revives. Article
> Investment bank stock under pressure. Article
> Glitch for NYSE Euronext. Article
> More on China parallels with Japan of yesteryear. Article

Regulatory News:
> CFTC wants more oversight of exchanges. Article

And Finally... Fuh-get-about-it! Corruption hurting business in New Jersey? Article