• The bill for the auction-rate securities mess is now adding up by the hour. Merrill Lynch, Citigroup, UBS, and Morgan Stanley have all contributed to to the tally. [Dealbook]
  • More losses at Fannie Mae. [WSJ]
  • Cablevision investor Mario Gabelli is calling for Jim and Chuck Dolan to break up the company. And he's threatening a proxy fight. [NY Sun]
  • Google has acknowledged its stake in AOL is now "impaired." [AP]
  • Sprint is cancelling a $3 billion stock offering. [Dealbook]
  • Tone Grant, the former president of Refco, will spend the next 10 years eating prison food. [Reuters]
  • About 10 years after it started, Ron Perelman has settled one of the lawsuits related to his investment in Marvel comics by paying $80 million. [NYP]
  • Not every institution is suffering: Harvard's endowment is up between 7 and 9 percent. [NY Sun]
  • The anti-trust chief at the FTC is joining the law firm Linklaters LLP. [Reuters]