ALSO NOTED: Lehman Brothers and IBM start private equity fund in China; More hedge funds means less worries?; and much more...

Company News:
> IPO of ICBC fares well on first day. Article
> Lehman Brothers and IBM start private equity fund in China. Article

Industry News:
> More hedge funds means less worries? Article

Regulatory News:
> E*Trade gets Fed approval for clearing plans. Article
> SEC hits firms for false list of contact. Article

And Finally... Great job market for college grads. Article