ALSO NOTED: VC firm pumps money into prime broker Merlin; Citigroup's cuts to total 10 percent of staff; and much more...

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Company News:
> Jefferies to post loss. Article
> Citigroup's cuts to total 10 percent of staff. Article
> Countrywide's forged documents at issue. Article
> VC firm pumps money into prime broker Merlin. Article

Industry News:
> More on sovereign wealth funds flexing muscles. Article
> CNET rejects hedge funds' bid for more control. Article
> NASDAQ listings grow two percent in 2007. Article
> IPO round up. Article

Regulatory News:
> Managed Funds Association hiring a new chief. Article

And Finally... Research charities before making donations. Article