ALSO NOTED: Morgan Stanley downgrades Lazard; Bank of America hires head of global debt research; and much more...

Company News:
> Bank of America to pare 130 jobs in Charlotte. Article
> Wolfenson to become advisor to Citigroup. Release
> Bank of America hires head of global debt research. Release
> Morgan Stanley downgrades Lazard. Article

Industry News:
> Refco bids due. Article
> Financial Times editor resigns. Article

Regulatory News:
> Spitzer's new target. Article
> Bernanke's approach to inflation. Article

And Finally... Why some women chuck it all. Article