Falling: Markets around the globe tumbled yesterday and the sell-off has continued today amid worries about growth in the United States and debt levels in Europe. Market watchers are eagerly awaiting today's jobs report.
Calling Abroad: Bank of America Corp. is accused in a class action in Washington federal district court of jeopardizing the privacy of its customers through the transfer of calls to overseas call centers, The National Law Journal reports. The suit said the international transfer of financial information does not come with the same protection against U.S. government collection or surveillance in the same manner as the domestic exchange of the same data.
Warning: Pentagon officials said defense cuts above the $400 billion in savings planned for the next decade could threaten the national security, The Washington Post reports. Defense Secretary Leon Panetta told reporters in his first news conference extensive cuts "would damage out national defense."
Toxic: A woman who ingested methamphetamine shortly before breast-feeding her infant son, who died from the toxic milk, is charged with second-degree murder in Northern California. The New York Times reported prosecutors said the 26-year-old woman showed “conscious disregard” for her six-month-old son.
New Title: The Justice Department's Antitrust Division has a new top leader, at least on a temporary basis. Sharis Pozen, the top deputy to outgoing assistant attorney general Christine Varney, will take over as the acting chief. Varney is joining Cravath, Swaine & Moore.
Greenlight: A judge in North Carolina has ordered the unsealing of NASCAR Chairman Brian France's legal battle with his former wife, The Charlotte Observer reported. "The public has a right to access court files...," Mecklenburg District Court Judge Jena Culler said. "I feel very strongly that these file should be unsealed."