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Moynihan, of course, still has a lot of work to do. He still has to turn around Bank of America's large credit-card business, which has consistently had higher loss rates than competitors. The bank has also been without a chief financial officer since mid-January, though people close to the search say Moynihan recently narrowed his choices down to three people. And Moynihan may have to answer recent claims that the bank used Lehman-like accounting maneuvers to hide assets. Bank of America has denied the allegations. (See the best business deals...
...battered by the financial crisis. After Bank of America struck a deal to buy Merrill Lynch in late 2008, many of Merrill's employees fled. Now some are coming back. Recently, two top Merrill veterans Todd Kaplan and Sam Chapin rejoined the firm. "When I left it was chaotic around here," says Kaplan, an executive vice chairman at Merrill. "Now the place feels like Merrill did in the 1990s. There's none of the infighting. It's terrific...
...Folks are already paying $10,000 to sneak into the country. What's a couple thousand more?" In a recent Washington Post op-ed, Schumer and Graham said the card would be "fraud-proof" and that employers would face "stiff fines" and possibly imprisonment if they tried to get around using it. But Cherry half-jokes that someone could falsify such an ID in 15 minutes, and Khosla says that while current technology makes fingerprints the most feasible biometric marker to use, they're also one of the easiest to steal...
...Searchlight, Nev., birthplace and residence of the Democrats' embattled Senate majority leader, Harry Reid, to keynote the Tea Party movement's national-tour kickoff event, set firmly and deliberately on Reid's turf. In a taunt to the Silver State's senior Senator, thousands of angry activists from around Nevada and the country swarmed his hometown to make it clear they have placed his defeat for re-election at the top of their 2010 to-do list, and Reid's droopy poll numbers make it a real possibility...
...with looming image problems of his own and was forced to refute the notion suggested by debate moderator Chris Wallace that he's trying to keep the conservative Tea Party movement and its fringe aura at arm's length. "I've been to 15 or 20 [Tea Party events] around the state," Rubio said. (See pictures of GOP memorabilia...