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Michael Hastings

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Investment Banks Mull New Trading Floors

FINANCE • JP Morgan, Lehman, and Merrill are in talks with developers to build new trading floors in Manhattan. [Bloomberg] • Donald Trump set a new low last night, defeating WWF owner Vince McMahon in a "Battle of the Billionaires." [AP via Yahoo] • The SEC celebrates April Fools' Day with a prank press release about new disclosure rules. [Financial Times via MSNBC]