peHUB First Read

M&A: Apple has $51 billion in cash and a shopping list that may include Facebook. Plus, Google's Andy Rubin fires back at Jobs tirade. Privacy: Facebook vows to fix flaw in data privacy. Merger Off: Did Jack Welch kill the Daily Beast's buy of Newsweek? A Landing: Andrew Trader, a former Zynga exec, has joined VC firm Maveron. Stars in their Eyes: VCs set sights on Hollywood. Pension Crisis: Eleven state pension funds that may run out of money (i.e. Illinois).