Updated throughout the day.
Merrill Lynch warned the SEC and Fed that Lehman was booking capital aggressively (FT)
Apax Partner may buy Polycom (PLCM) for as much as $3 billion (FT)
Palm (PALM), just off poor earnings, may be a buyout target for Dell (DELL), Nokia (NOK), or Microsoft (MSFT)–the 1,000th time the rumor has been floated (Reuters).
Yale plans to cut its hedge fund investments (Bloomberg).
Apple (AAPL) is having trouble getting as many media content deals as it wants ahead of its iPad launch (WSJ)
Douglas A. Mcintyre