peHUB First Read

* BizWeek: CIT is not too big to fail. * Speaking of BizWeek, who's gonna buy it? Could Conde Nast get over its Portfolio PTSD, or is this a Dow Jones vs. BLoomberg sort of thing? * First Read: U.S. futures higher ahead of Goldman earnings, London falls early, European shares rise, the Nikkei gains 2.3% and Hong Kong jumps. * Another day, another Facebook valuation. This one is $6.5 billion. * Family Matters: Forbes Piano Co. of Birmingham, Ala. was hurt by the recession, but that isn't why it's shutting down after 120 years. * Matthew Lynn says Jobs' and Buffett's medical secrets are no one else's business: "A company is never dependent on one person, no matter how it may appear. Assets, brand names, and a corporate culture should prove durable even when the person who created them departs. If a company relies on the health of a single person, you should sell the shares right away. Nobody is immortal, so the equity is going to collapse one day."

14 July 2009•1 min read
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