Good morning, and welcome to our Tuesday reading list.
Bank of America says it will give the New York attorney general documents that show the legal advice it got while making a deal to buy Merrill Lynch last year. Insiders say the bank is playing nice as part of a strategy to settle investigations into what it knew about a plan for bonuses at Merrill.
The trial begins for two former Bear Stearns hedge fund managers with jury selection today. It's the only major criminal case to yet develop from the global economic meltdown.
Lots more talk about when the Federal Reserve will raise interest rates again. Latest short answer: When unemployment falls. Meanwhile, gold hit a new record of $1,066.70 an ounce.
If you've got big bucks parked in secret accounts overseas, you've got until Thursday to let the IRS know or face prosecution for tax evasion.
A couple of hints about how we live now: First, in the category of closed systems, some coal plants that agreed to keep pollutants out of the air are dumping them in the water instead. Second, in the category of supply and demand, the recession has turned the market for chicken upside down, with wings now the expensive part.
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