peHUB First Read

Problems in TV Land: Apple TV splits network execs.

Basketball is Good: Nike said orders in China rise 25% due to demand for basketball sportswear.

LinkedIn IPO: Company acquires ChoiceVender and CEO admits he’s talked to bankers about a lot of things.

Banker League Tables: BofA Merrill Lynch surprises and places fifth.

More Oracle M&A: Larry Ellison says that a microchip firm would be pretty tasty now.

Joe Hobot: Why the FB phone might fail.

Facebook Outage: How FB fixed its site yesterday (they turned it on and off).

FT Alphaville:  Larry Summers and who will replace him.

PE Exec Goes VC: Laurence Garrett, former 3i partner, to join Highland Capital.