• Edward Kennedy, Senator and Democratic Icon, Dies [Bloomberg]
• Fight Brews as Proxy-Access Nears – “The largest U.S. businesses, law firms and business groups have stepped up their challenge to the ‘proxy access’ rule, which would let certain shareholders use a company’s board-election process to nominate directors opposed to management.” [WSJ]
• Colonial BancGroup files Chapter 11 – Shoe. Dropped. [Reuters]
• U.S. Postal Service seeks 30,000 job cuts via buyouts – As of now, no reports of gunfire at any post office locations. [Reuters]
• Swiss Bank to Leave U.S. Amid Tighter Restrictions – No, not UBS. Wagelin & Co., who’s obviously fed up with the newfound inability to dodge taxes. [DealBook]