ALSO NOTED: Merrill Lynch reimburses Mass. city for CDO losses; Fidelity to lay off 250; and much more...

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Company News:
> Fidelity to lay off 250. Article
> Merrill Lynch reimburses Mass. city for CDO losses. Article
> BNP Considers SocGen move. Article
> Nymex earnings barely beat estimates. Article
> Icahn takes a stake in Penney. Article

Industry News:
> Which investment banks are now bargains? Article
> Yet another hostile bid. Article
> Fitch considers massive mortgage-backed downgrade. Article
> Fitch forecasts a spike in bad debt this year. Article
> Google takes a fall. Article

Regulatory News:
> DOJ to take a close look at Microsoft-Yahoo deal. Article

And Finally... 13 overlooked tax deductions. Article