Merger or New Chairman?: Merrill Lynch, the investment firm that has taken some major hits in the subprime market, might be considering a merger with a large bank, according to the New York Times. The Times reported that the chairman of Merrill Lynch was dabbling with a merger with Wachovia but without first consulting his board of directors, making them very irate indeed.
Daley Doesn't Like This: Chicago aldermen have asked a federal judge to release the names of city police officers who have received complaints of misconduct. The complaints range from false arrests to police brutality. Though the federal judge denied their request yesterday on jurisdictional grounds, the aldermen are appealing much to the chagrin of entrenched Chicago mayor, Richard Daley.
S&C Sex Settlement:Sullivan & Cromwell and estranged former associate Aaron Charney reached a settlement yesterday in a discrimination case. Charney, who is gay, sued the white shoes off S&C earlier this year for alleged mistreatment due to his sexual orientation.
Yet Another Reason Why Not to Attack Iran: The Washington Post reported this morning that a military strike against the country would disrupt the oil markets, and possible lead to Iran retaliating against Iraqi oil production sites. Oh, and oil prices are up to a record $90 a barrel.
Just Plain Weird: A Texas bookstore owner purchased some of Che Guevara’s hair at an auction yesterday for $100,000. He was the only bidder for the hair, which was plucked from the famed revolutionary’s head shortly after he died in an ambush in the Bolivian jungle. The locks were purloined by Gustavo Villoldo, the Cuban CIA operative who helped track Guevara and then helped bury him. Villoldo now lives in Florida.