peHUB First Read

* How to murder your company in 10 easy steps * Australia sticks TPG with a $628 million tax bill * Felix Salmon revisists Chicago's parking meter privatization. Seems to me that this dispute is the very type of thing Carlyle Group is trying to avoid in its public-private structure for the Connecticut highway stops (as opposed to a pure privatization). * Morning Call: U.S. futures point higher, European shares boosted by financials and commodities, the Nikkei rises in choppy trade and both China and Hong Kong shares recover losses. * Wharton profs: M&A is back, but this time it's different * The Obama administration's energy push has spurred a shift in U.S. science. In related news, the DoE handed out another $620 million in smart grid grants. * The FDIC falls into the red for the first time since the S&L crisis, although "the bulk of that negative balance reflects money the agency has set aside to cover future bank failures."