• Embattled Lehman chief Dick Fuld will forgo his 2008 bonus as a "peace offering" to the investment bank's managing directors. [Dealbook]
  • Plans for a Tommy Hilfiger IPO have been shelved by private equity firm Apax. [Forbes]
  • Huntsman is suing Leon Black's Apollo Management (as well as Black and partner Joshua Harris) for $3 billion in damages for reneging on its offer to buy the chemicals company. [FT]
  • Consumer confidence plunged to its lowest level in 16 years in June. [Bloomberg]
  • A brief history of Wall Street layoffs. [Dealbook]
  • A new study finds that hedge funds are becoming "more cautious." Duh. [Guardian]