• Federal prosecutors are investigating two ex-Credit Suisse brokers, Eric Butler and Julian Tzolov, over whether they lied to clients about their investments in auction rate securities. [WSJ]

The two New York buildings that adorn more tourist schlock than any others—the Flatiron building and the Chrysler building—are being bought by tourists, albeit extremely deep-pocketed ones. Italian mogul Valter Mainetti's Sorgente Group is acquiring a majority stake in the Flatiron, while the Abu Dhabi Investment Council is poised to take a 75% stake in the Chrysler for approximately $800 million. Didn't get in your bid in time? Guess you'll have to settle for the statue and 3-D puzzle.