peHUB Second Opinion 6.30

How about this for a fireable offense? In the midst of a bender, a very drunk oil futures broker initiates a string of unauthorized trades that cost his firm $10 million and pushes up the global price of oil. Google Me, a social network Google has been rumored to be working on, is real and coming this fall, says a source very close to the matter. In other Google news, the search giant's battle with China continues, with China now blocking some of its “Google Suggest” search results from mainland China users. iPhone on Verizon? Dream on. Joseph Cassano, the former AIG executive whose financial-products division helped trigger a $180bn government bail-out, says he could have saved American taxpayers billions of dollars if he’d stayed at the company a little longer. Amazon picks up the online daily deal startup Woot! Alan Patricof, the founder of Apax Ventures and the venture firm Greycroft Partners, was a target of that Russian spy ring.