Pension Funds Sue BofA Over Merrill Takeover – A group of five pension funds, including state funds in Ohio and Texas, is seeking to lead investor lawsuits against Bank of America Corp (BAC.N) over its January 1 acquisition of Merrill Lynch & Co.
Obama To Critics: “Show Me Your Budget!” – “To a bunch of the critics out there, I’ve already said, show me your budget! I’m happy to have that debate.”
Afghan Strikes by Taliban Get Pakistan Help, U.S. Aides Say – The Taliban’s widening campaign in southern Afghanistan is made possible in part by direct support from operatives in Pakistan’s military intelligence agency, despite Pakistani government promises to sever ties to militant groups fighting in Afghanistan, according to American government officials.
Stanford Finance Chief Davis Meets With FBI, SEC, Says Lawyer – James M. Davis, accused of helping R. Allen Stanford swindle investors in an alleged $8 billion Ponzi scheme, met yesterday with investigators, his lawyer said.
Jindal Spurns Obama’s Jobless Aid as Mayor Pleads ‘Help Me Now’ – The money for jobless benefits that Jindal and others rejected comes from a pool that constitutes less than 1 percent of the stimulus money — $7 billion offered to states under the Unemployment Insurance Modernization Act. The funds are meant to update the nation’s Depression-era unemployment system, which was designed around male, full-time workers.