Oil and Iran: Economic sanctions on Iran might not have the effect the U.S. and U.N. had hoped, reports the Washington Post. With oil prices topping $90 a barrel, Iran might not need to worry as much about customers, since smaller banks, Islamic financial institutions, and Asian banks are all potential customers.
Competing for Cable: The New York Times reports that the FCC is about to make a move that will open cable television markets around the country, particularly for those who live in apartment buildings and haven’t had much choice in cable providers.
Merrill’s Man Out: E. Stanley O’Neal is about to resign as chairman and CEO, possibly as early as today, after pushing the company to risky investments and making an unauthorized merger approval to a rival bank, Wachovia. The Wall Street Journal takes a close look at O’Neal’s tenure.
Slots in Maryland: The Maryland General Assembly, looking at a $1.7 billion shortfall, considers raising taxes and legalizing slot-machine gambling with encouragement from Gov. Martin O’Malley.
Deaths in North Carolina: Seven college students were killed in Ocean Isle Beach, N.C. early Sunday morning in a beach house fire. Six of the students attended the University of South Carolina, based in Columbia, S.C.