ONeal is History and Merrill Lynch is Sued

As was widely expected on Monday, Merrill Lynch &
Company Tuesday morning announced the “immediate retirement” of
Stan O’Neal as the company’s Chief Executive Officer.

In other news, an investor lawsuit has been filed
against Merrill Lynch & Co contending that the company issued false and
misleading statements regarding its exposure to risky mortgage
investments, the plaintiffs’ lawyers said on Tuesday.