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This is what's in the news for Wednesday, July 13th. The Wall Street Journal reports that Rupert Murdoch and his advisers at News Corp. (NASDAQ:NWSA) are considering a number of strategic options as they attempt to stem the fallout from a scandal and map out a future for their businesses. One idea is an option Murdoch has previously turned down: selling his other British newspapers. The Wall Street Journal reports that New York Attorney General Eric Schneiderman is asking whether public agencies or state-affiliated pension funds were included in the recent $8.5B settlement with Bank of America (NYSE:BAC), suggesting the attorney general's office may challenge the pact in court. Bloomberg reports that Research In Motion (NASDAQ:RIMM) has six months to "prove" that its co-chief executive officers need to keep their co-chairmen titles for business reasons or face reintroduction of a proposal to split the roles, says Northwest & Ethical Investments LP, the investor that originally called for the change. Finally, Reuters reports that about a year after Barnes & Noble (NYSE:BKS) put itself up for sale, the company will likely take its only firm offer, $1B from John Malone's Liberty Media (NASDAQ:LINTA).