Former GE CEO Jeff Immelt’s retirement was short lived.  The Jack Welch protégé will be bringing his C-suite skills to Athenahealth, the electronic medical records software provider that’s been under considerable pressure from Elliott Management for operational changes. [No word on travel arrangements yet] – WSJ and Bloomberg

Bank of America has hired law firm Davis Polk to explore whether a “soured lending relationship” with South Africa’s troubled Steinhoff International Holdings that led to a $292 million Q4 charge could have been avoided – WSJ

Dutch lender Rabobank has agreed to plead guilty of a conspiracy count and pay just shy of $370 million to resolve allegations that it allowed Mexican drug traffickers to launder money through its accounts – Law360

S&P has downgraded Wells Fargo’s long-term credit grade in the wake of the Fed’s recent growth ban – Bloomberg

The Journal explores the possible link between the Bridgewater-pioneered [and rather obscure] risk-parity funds and this week’s market volatility – WSJ

As hinted at yesterday, Tronc has officially reached a deal to sell the LA Times (and the San Diego Union-Tribune) to Dr. Patrick Soon-Shiong for $500 million. The deal brings the Times under local control after nearly 20 years as a corporate-owned entity – NYTimes and Law360

Controversial ex-Uber-CEO Travis Kalanick was on the stand yesterday in the Waymo/Uber trial over allegedly purloined technology – Bloomberg

Masayoshi Son’s interest in tech is well known. But SoftBank’s latest moves shows that he’s willing to diversify his interests, and a massive $10 billion stake in reinsurance giant Swiss Re AG would definitely qualify – WSJ and Bloomberg

And it’s likely not the only insurance deal in the works – Bloomberg

Love this new approach that American ski jumpers are taking on their way to Pyeongchang (and they’ll be needing all the help they can get): chase the jet lag and embrace the fuzziness – WSJ