peHUB First Read

* Bank of America apparently will require a $34 billion capital infusion. So much for private investors stepping in to save the day (let alone Ken Lewis' job)... * The Weather Channel's new owners have had a heck of a time finding a new CEO. It was looking like ex-CNBC boss Bill Bolster was the man, but negotiations have stalled over Bolster's demand for a private jet. * Morning Call: U.S. futures point lower, London holds steady, European shares keep rising, the Nikkei climbs 1.7% and Hong Kong closes at a 7-month high. * RBS has decided it no longer needs a global head of financial sponsors. This comes, of course, one day after Madison Dearborn decided it no longer needs a CFO. * The Q1 slowdown in U.S. venture capital deals was mirrored globally. * Felix Salmon: Why asset managers should ignore credit ratings. * Marshall Kirkpatrick: Firefox could be the real Facebook challenger.