Catholic Diocese of Brooklyn planning to close 14 elementary schools. [NY Times]
Madoff still free on bail; his lawyer works toward a plea deal that could avoid a trial. [NY Times]
Neighbors sound off on having Madoff live among them. [Bloomberg]
Number of murders in Manhattan at lowest level since at least 1937, DA says. [NY Post]
Cipriani sues Tishman Speyer to stay in Rainbow Room; seeks $1.8 million in damages. [NY Post]
Subway grades! No. 4 gets a D-, most get C's. [NY Post]
Realty Check: SL Green weighs offer for 485 Lexington in "another major sale that might actually be poised to happen." [NY Post]
Morgan Stanley and Citigroup setting aside billions to keep top brokers at firms. [NY Post]
Number of homes listed for sale declined in many metro areas in December. [WSJ]
