PE HUB First Read

President Obama decries income inequality in final State of the Union address.

Iran releases U.S. sailors they say were trespassing.

GE says it plans to cut 6,500 jobs in Europe in next two years.

MetLife looks to divest big chunk of its U.S. life insurance unit.

India will spend $1.5 billion to cut down road accident deaths by half

Google taps former White House economist as head of global policy.

Also, Google now has a boss for its virtual reality business.

IBM has most U.S. patents for 23rd consecutive year.

ISIS targets Turkey’s tourists in latest suicide attack that kills 10.

Uber might owe tens of thousands of California passengers $1.8 million in class action lawsuit.

The St. Louis Rams are moving back to Los Angeles with San Diego Chargers given option to join.

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S&P cuts debt rating for Neiman Marcus.

NYC pension system promotes Doñé to lead private markets.

Information Venture Partners nears fund target as LPs warm to fintech.

Photo of MetLife building courtesy of ValeStock/