peHUB First Read

Cofee* Sequoia Capital China loses one of its founding partners, and the other is being sued for $206 million by The Carlyle Group. George Chen has the story.

* RIP Mike Homer.

* Morning Call: U.S. futures sink, European shares fall on banks and oil, the Nikkei slips 1.5% and Hong Kong drops 3.1 percent.

* Wall Street’s hottest employer is… Lehman Brothers?

* Joe wants to know if GE shareholders are still paying for Jack Welch’s toilet paper.

* Are high-speed trains finally on the fast track? Mike Dukakis thinks so. If he’s right, then private equity firms are sure to be fast on his heels.

* We just finished the Dow’s worst January in 113 years.

* Now we know how Cash4Gold spent some of that VC funding from Highland Capital Partners and General Catalyst: