Cy $quad

Manhattan District Attorney Cyrus Vance Jr. has formed a data-focused unit to help his office focus on the financial aspects of criminal activity from street crime to cybercrime. The unit will coordinate with agencies including the IRS, FBI and Secret Service.

New adviser

Bloomberg reported that President Obama plans to nominate White House official Jason Furman to replace Alan Krueger as head of the Council of Economic Advisers.

Don’t do it

Nike, which helped build Lance Armstrong’s Livestrong charity into a global brand, is cutting ties with the foundation.

SoftBank OK

SoftBank’s $20.1 billion takeover of Sprint Nextel is close to passing a national-security review of the Japanese firm, said a person familiar with the matter.

SAC hit

Ironwood Capital Management has decided to ask for its roughly $100 million investment back from SAC Capital Advisors, the hedge-fund firm at the center of a government investigation into insider trading.