- The merger market is experiencing its slowest August in 16 years. [Reuters]
- Bob Rubin is stepping down as chairman of Citigroup's executive committee. He'll remain a senior counselor to the board. [FT]
- Ken Griffin's Citadel is raising a $1 billion for a new global macro fund. [Bloomberg]
- Experts see signs that the credit crunch is getting worse. [Bloomberg]
- With an investment by a Korean bank looking less likely, investors are once again skeptical about Lehman Brothers' chances. [NYP]
- Mortgage fraud is still on the rise. [CNNMoney]
- GM says two Arab investors have expressed interest in buying Hummer. [Reuters]
- MGM says the company is not for sale, but has retained Goldman Sachs to evaluate all the options. [Dealbook]
- The Times' Andrew Ross Sorkin reflects on the summer of pain on the Street and what investors can expect post-Labor Day. [NYT]
