ALSO NOTED: More on Merrill's losses "hidden" in hedge funds; Did O'Neal get a bum deal on Wachovia overture?; and much more...

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Merrill Lynch news:
> More on Merrill's losses "hidden" in hedge funds. Article
> Did O'Neal get a bum deal on Wachovia overture? Article
> Was the Merrill board asleep at wheel? Article

Industry News:
> Life after securities fraud. Article 
> Investment banks in turmoil. Article
> Trump vs. Goldman Sachs on casinos. Article

Regulatory News:

> SEC to open London office; will re-open proxy acess in 2008. Article

And Finally... How to defuse office tension. Article