Bad news for Bank of America stock holders. The bank said that because of miscalculations, it has to backtrack on a decision it recently made to increase dividends from 1 cent per share to 5 cents. "Bank of America said Monday it incorrectly weighed certain liabilities from Merrill Lynch and will have to resubmit capital plans to the Federal Reserve."
A group of religious leaders representing Raleigh and Asheville and a national group are challenging North Carolina's ban on same-sex marriage in court. It's the first time such a group has filed suit against a same-sex marriage ban in the U.S.
A storm system is slowly moving into the Carolinas, interrupting the perfect streak of spring weather we've had as of late. In other storm-related news, tornadoes that wiped out entire neighborhoods in Oklahoma and Arkansas on Sunday killed at least 18 people.
Rep. Michael Grimm, R-N.Y., surrendered to authorities today after allegedly accepting illegal campaign donations. "Grimm has acknowledged that he received $250,000 to $300,000 in campaign donations from followers of Yoshiyahu Yosef Pinto, an Israeli rabbi. Some of Pinto's followers in New York have said they made tens of thousands of dollars in illegal campaign contributions to Grimm, including gifts passed through straw donors."
Almost $86,000 per job. What a bargain.
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