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Abbott and Alere—after fighting for more than a year over the aftermath of their ill-fated merger—have agreed to give it another go, dropping their dueling lawsuits and moving forward together – NYTimes

The Journal takes us through the fall of Scott Marcello, the much-touted savior of KPMG’s audit business who just last week was fired (with a handful of others) over the mishandling of an annual inspection tip – WSJ

Slack as David vs. a whole mess of Goliaths.  The messaging service has managed so far, but we wonder if the slingshot will be enough for Microsoft and Google – NYTimes

Bloomberg has an interesting commentary on Private Equity’s apparent immunity to the otherwise widespread trend of shrinking investment-management fees – Bloomberg

Late last week, financial services company Raymond James agreed to resolve allegations of conspiring with the owner of several VT ski resorts (and others) in a Ponzi scheme targeting foreign investors through the EB-5 program. Raymond James will pay $150 million to wrap up the action – Law360

The Fed’s next big move—apart from another anticipated rate hike in the coming months—is the shrinking of its securities portfolio.  Here’s a look at why and when – WSJ

We covered Daniel Tarullo’s exit from the Fed a few weeks ago, but the Times gives us a few more of Tarullo’s parting thoughts, including his take on some Dodd-Frank fixes (that don’t include utter evisceration) – NYTimes

The SEC has its eye on some suspiciously well-timed trades ahead of a recent telecomm deal  between Liberty Interactive and General Communication – WSJ

Adults of a certain age will be thrilled to hear (for their kids, right?) that the answer to the famous query about Carmen’s whereabouts is, in fact, Netflix – HuffPost

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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