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peHUB First Read

It’s official: Russia is heading into a recession.

BNY Mellon is latest firm to yield to activist investor. Bank gives Nelson Peltz’s Trian Fund a seat on board.

Iran is hacking key U.S. global firms says report.

Yik Yak’s new funding round confirmed as Sequoia leads $61 million investment.

Clicks not bricks: No, Amazon is not opening a physical store in New York for the holiday shopping season.

Big law firms bring back hefty bonuses for associates.

The best places to be a teacher in the US: Columbus, Ohio leads the list.

IBM signs $1.25 billion WPP cloud deal and says more coming.

Man uses Olive Garden pasta pass to feed hungry.

And, Spotify reveals Ed Sheeran was the most streamed artist of 2014.

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Tibco Software yields to investor demands.

LPs find little value in funds past their ninth year: Pantheon study.

GPs offer tips on digital health investing.

Photo courtesy of Randy Miramontez/Shutterstock.com