Step Down: The Obama administration strongly signaled it was time for the International Monetary Fund to replace Dominique Strauss-Kahn as its chief, indicating that he can no longer be effective in his job, The Wall Street Journal reports.
Loose Lips: Newt Gingrich is urgently struggling to convince the political class that his 2012 hopes aren’t dead, amid an unending barrage of Republican attacks over his comments on the House GOP’s proposed Medicare overhaul, Politico reports.
Guilty: Former Prince George’s county executive Jack B. Johnson admitted in federal court Tuesday that he took more than $400,000 in bribes, agreeing to a plea deal that showed he began shaking down developers almost from his first days in office, the Washington Post reports.
Brando Boots: A trust that oversees the use of the late actor Marlon Brando's name said Tuesday that it has sued Harley-Davidson Motor Co. for the unlicensed use of Brando's name on a line of boots, the Associated Press reports.
Settlement: Volvo AB has agreed to pay $525 million to settle a class-action lawsuit by more than 9,300 retirees, who accused its Mack Trucks Inc unit of illegally reducing their lifetime health benefits, Reuters reports.