peHUB First Read

Lawsuit: BHP says its close to lodging a legal challenge to Potash attempts to fend off its $39 billion hostile takeover bid.

New Head: Jane Rowe faces a full plate when she becomes the head of the Ontario Teachers’ Pension Plan’s $10-billion private equity portfolio in October.

Fundraising Rise: PE firms raised $57 billion in third quarter.

Yanked Deal: Decision to pull IPO of Liberty Mutual Group adds job risk on Wall Street.

The Ugliest Girl at The Dance: How Yahoo destroyed Google’s Yelp acquisition.

Hurd Replacement: HP names Leo Apotheker, the former head of SAP, as its new CEO.

Flash Crash Blame: A single trade by Waddell & Reed on May 6 helped start the flash crash.

Jonathan Weil: All we are saying is give Dick Fuld a chance.

CheeseheadTV: Blackstone PR exec runs site devoted to Green Bay Packers.

Google: Their URL shortener gets a web site.

Chris Douvos: Office hours for PE and VC GPs. No pitches!

Gillette: Company offers 11 cent blade that is lighter but isn’t available in the U.S.

Just Say No: Dollar Thrifty shareholders reject takeover by Hertz.

Leaks: Falcone takes aim at the media, leaks.

M&A Winners and Losers: Microsoft has announced zero acquisitions in 2010 while Google has 23.

Friday Rant: Are PE firms better buyers of software companies than strategics?