Ina R. Drew, the chief investment officer who presided over the firm’s $2 billion trading loss, will be replaced by Matt Zames.

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DealBook: JPMorgan Chase Executive Retires After Trading Loss

All past and present partners could lose pensions, and recent partners will probably lose investments in the firm and could be forced to return salaries as the firm closes.

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Dewey Partners and Retirees Face Huge Financial Losses

Culture Secretary Jeremy Hunt sought “private advice” over phone hacking, an email sent to ex-News International boss Rebekah Brooks by the firm’s PR chief suggests.

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Hunt ‘sought News Corp guidance’

After The Carlyle Group got a late start in its debut on the Nasdaq index on Thursday, the company’s shares were holding slightly above the $22 offering price in early afternoon trading. Share prices remained steady from the firm’s opening trade, with no drop or significant increase, as the firm fought perceptions that the private equity industry is a challenging one for investors. Read full article > >

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Carlyle IPO: Stock up slightly in Nasdaq debut after late trading start

Tagg Romney, Mitt Romney’s eldest son, and Spencer Zwick, a Romney campaign fund-raiser, turned to wealthy campaign donors for investments in their firm.

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Ties to Romney ’08 Helped Fuel Equity Firm

The Manhattan district attorney’s office is investigating allegations of wrongdoing by Steven H. Davis, the former chairman of the troubled law firm Dewey & LeBoeuf, the firm said on Friday.

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DealBook: New York Prosecutors Examining Former Dewey Chairman

The Carlyle Group is worth between $7 billion and $7.6 billion and will price its shares between $23 and $25 on the Nasdaq stock market when it goes public in the next few weeks, according to people familiar with the firm’s plans. Read full article > >

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Carlyle Group to price shares between $23 and $25 in IPO

A former head of Welsh Water claims Wales should profit from transferring water to England as another firm plans to sell water to a company in need.

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Sell water ‘like oil’ firm urged

Lawmakers asked Christine Serwinski, the chief financial officer for the firm’s North America operations, why she didn’t tell regulators about her concerns before the firm’s bankruptcy.

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DealBook: MF Global Employees Say They Are Cooperating With Investigation

A letter from Apple’s legal team reveals that the firm wants Europe to revise rules covering patents that are essential to industry standards.

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Apple seeks revised patent rules

An advertising agency for BMW pays to name Europe’s cold weather “Cooper” in Germany, after the firm’s Mini Cooper car, but the stunt backfires.

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Cold front ad for Mini backfires

The sinking of the Costa Concordia could cost parent firm Carnival up to $95m (£62m; 75m euro), the firm says.

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Ship sinking costs Carnival $95m

The rights to Marvel Comics hero Ghost Rider – played by Nicholas Cage in two films – belong to the firm and not the writer who conceived him, a judge rules.

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Writer loses Ghost Rider battle

The private security contractor known as Blackwater renamed itself Xe Services nearly three years ago. Now, the firm is rebranding itself again. On Monday, Xe announced that it was changing its name to Academi , part of a years-long effort by the company to shed a troubled legacy that critics said made the firm a symbol for mercenaries and impunity in Iraq and elsewhere. Read full article > >

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Ex-Blackwater firm gets a name change, again

The amount of customer funds missing from accounts at the bankrupt brokerage MF Global “may be as much as $1.2 billion or more,” the trustee overseeing the firm’s liquidation said Monday. That would be roughly double previous estimates of about $600 million. In a statement, trustee James W. Giddens said the estimate is preliminary and “may well change.” Read full article > >

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MF Global customer accounts may be missing $1.2 billion, trustee says