Tuesday morning financial headlines

FEB 24, 2009

By Bloomberg

FDIC chief says government needs 'stress test' to weigh additional steps for troubled banks Home Depot reports 4th-quarter loss of $54 million, adjusted results beat analysts' estimates Heinz profit rises 11 pct in 3rd qtr as it raises prices, reaffirms guidance World stock markets down again amid mounting concerns about financial sector Medco Health Solutions' 4th-quarter profit rises on boost in clients, brand-name drug prices Government report: Health care costs top $8,000 per person; Medicare insolvency moves closer Shopping mall owner General Growth Properties says 4th-qtr adjusted FFO falls amid recession Wall Street points to moderately higher open ahead of economic data, Bernanke testimony Oil falls near $38 as investors lose confidence in global economic recovery Judge orders former Merrill Lynch CEO John Thain to disclose details on bonuses

Former Wells Fargo exec Brendan Krebs emerges at PNC

The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.