So What Have You Done With Your Life?

FINANCE
• Time to feel bad about yourself. Crain's unveils its 40 Under 40 list. [Crain's]
• Merrill Lynch will pay out $40.3 million to settle claims that it provided misleading research to investors about Internet stocks. [Bloomberg via DealBreaker]
• Instead of simply giving their employees more money, small businesses try to dupe them into thinking jumping out of an airplane is a perk. [NYT]

MEDIA
• The bigwigs at the Time Warner Center are apparently “flipping out” about a Fox ad that compares their golden boy Anderson Cooper to Paris Hilton. [NYP]
• Jann Wenner’s revolving door turns again. James Kaminsky is leaving Rolling Stone to become the sixth Men’s Journal editor in as many years. [WWD]
• NBC sat down with a bunch of bloggers to figure out just what it is they do. [FishbowlNY/Mediabistro]

LAW
• The Forest Hills firm of Rappaport Hertz Cherson & Rosenthal has just settled its second sexual harassment suit brought by the Equal Employment Opportunity Commission. The paralegal who brought the complaint said a male clerk had committed a sex act with her phone. [Newsday]
• The creator of a cable access show filmed on the streets of New York lost her suit against ABC’s Boston Legal. She claimed that the show had infringed on her trademark of the phrase “What’s your problem?” [NYLJ]
• A New York attorney appeals his conviction for possession of ninja nunchakus. Promises to continue his fight against “nunchaku intolerance.” [NYLJ]

FASHION
• The Jones Apparel Group is considering breaking up its holdings, including the jewel in its corporate crown: Barneys. [NYP]
• Breaking news: Vogue’s Anna Wintour is a powerful figure. [NYT]
• Lancôme introduces its newest hue: green. The beauty giant launched ecofriendly initiatives, including carbon-free boutiques. [Fashion Week Daily]