ALSO NOTED: E*Trade boosts stake in Indian company;Bank of America exec exercises big batch of options; and much more...

Company News:
> Ospraie hires traders from Pequot. Article
> E*Trade boosts stake in Indian company. Article
> Bank of America exec exercises big batch of options. Article
> Profile: UBS portfolios. Article

Industry News:
> Hedge fund collapse may hurt Dutch bank. Article
> Judge will decide Grasso pay issue. Article

And Finally... Business school is cool again. Article