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Today’s News- Examiner: Lehman Torpedoed LehmanA federal judge released a scathing report on Lehman's collapse that raps executives, auditor Ernst & Young and banks for lapses that sparked bankruptcy.
- Retail Sales Post Strong GainU.S. retail sales posted a 0.3% gain in February from a month earlier despite falling car demand and fierce blizzards, but a separate report on sentiment of consumers dipped.
- China Warns GoogleA Chinese minister warned that Google "will have to bear the consequences" if it stops censoring its Chinese site.
- Obama Fed Plans Come Into FocusObama plans to nominate Janet Yellen as vice chairman of the Fed, and is vetting Maryland official Sarah Bloom Raskin for another open seat on the Board.
- BofA Boosts Mortgage ModificationsBank of America added nearly 8,000 customers to the ranks of borrowers modifying mortgages under a government program in the latest month.
- Schwab Issues Profit WarningCharles Schwab warned first-quarter earnings will fall short of fourth-quarter levels as the brokerage said February trading fell 14%.
- Chiesi Seeks Separate TrialDanielle Chiesi, a former hedge-fund firm consultant, asked to be tried separately from Galleon founder Rajaratnam on criminal insider-trading charges.
- Discover Plans New Accounting RuleDiscover Financial will implement a new accounting rule requiring companies to bring their off-the-books securitized loans onto their balance sheet in fiscal 2010.
- Court Backs Ban on Some Cable ContractsA divided federal appeals court upheld the FCC's extension of a ban on cable operators' withholding television programs from competitors through exclusive contracts.
- MGM Mirage to Sell Borgata StakeCasino operator MGM Mirage agreed to sell its 50% stake in the Borgata Hotel Casino in Atlantic City in a settlement with New Jersey gambling regulators.
- Examiner: Lehman Torpedoed Lehman
