peHUB First Read
* Nikki Finke: Teddy Forstmann is backing a new entertainment & media investment advisory. Details are a bit sketchy, but this could make Forstmann's annual Aspen event even better (now if only we could get a ticket). * How Jive Software adapted, following Sequoia Capital's graveyard presentation. * Morning Call: U.S. futures point higher, London shares up slightly before DoE rate decision (it's keeping them at 0.5%), Nikkei jumps on Japanese stimulus plan and Hong Kong rose 3% after CITIC Pacific's management shakeup. * Distressed M&A is at a record high. * David Weidner: "The Meredith Whitney myth might be in line for a downgrade." * At Google's Cambridge offices, the game of choice isn't Guitar Hero or Dance Dance Revolution. It's good old-fashioned ping-pong. * Fatburger puts its California and Nevada subsidiaries into Chapter 11. Seems the company defaulted on some loans to GE, and needs cheaper rents. But people in LA and Portland need their Fatburgers. Could a bailout be in order?
