peHUB First Read

Malfunction: AOL mail goes down and no one notices.

Settlement: SEC to vote on Rattner deal today.

Buy Back: Goldman considers paying back Warren Buffett’s $5 billion investment and Antony Currie thinks they should.

Newspaper Deal: Investor group surprises NYTimes because they want to buy the Boston Globe.

Divide: Carlyle’s Dave Rubenstein predicts bigger buyout shops will become broader asset management players while pure PE firms will become niche players.

Recall Again: Brake issues cause Toyota to recall 1.5 million vehicles.

No Deals: VC firms need to sell their holdings but PE hesitates.

Movies Online: Netflix may offer streaming only web service in the U.S. this year.

Compensation Cuts: Credit Suisse reduces investment banking bonus pool as revenue drops.

Too Expensive: Is Electronic Arts paying too much for Chillingo?

New Strategy: Some buyout shops look to build businesses instead of buying a pricey company.  Who knew?

Sold: Bankrupt Escom is selling for $13 million.

Who likes Jean Shorts: The 10 greatest mistakes of all time.