peHUB First Read

Cofee* Carl Icahn is buying up MGM bonds “like a bat out of hell.”

* Someone in Yale’s endowment office needs to take an undergraduate math course.

* FT blares headline that Apollo Management is planning an IPO. Not too surprising (we even hinted at it in this space last week), but FT does give us some new intel on the pay-to-play investigation: “Apollo has received subpoenas from California, New Jersey, New Mexico and New York, and from the Securities and Exchange Commission in New York and Denver”

* Morning Call: U.S. futures point to mixed open, London rises early, European shares near 13-month high, the Nikkei hits 6-week closing low and China shares gain 0.62%.

* Fred Wilson’s brute force strategy for finding good deals? 10 meetings per day.

* Tear down this wall: On the persistence of borders in trade.

* Scott Kirsner: New England’s economy is playing five games, but winning only two.

* Digg CEO Jay Adelson says that profitability is right around the corner, thanks to its new ad platform.

* Reid Hoffman wants to know: What’s the best business advice you’ve ever gotten?

* New study finds a “worst-case” scenario for the implementation of technology for sharing medical records: no savings and no improvement in quality of care.

* Jaime Brown, president of Canaccord Adams, says that several cleantech companies are ripe to go public: