peHUB Second Opinion 6.25

BP gets funding: BP is adding another $5 billion to its oil-spill war-chest amid deepening concerns about the escalating costs of the Gulf of Mexico disaster.

Le Monde to Lazard: Journalist at Le Monde, the French daily, voted in favor of a takeover by a trio of French businessmen. The businessmen are led by Matthieu Pigasse, a Lazard investment banker.

Judge sold Exxon stock: Legal documents released Friday reveal that U.S. District Court Judge Martin Feldman sold his holdings in Exxon Mobil Corp. on Tuesday, the same day he blocked the Obama administration’s drilling moratorium.

Apple Jacks recalled: Kellogg Co. is recalling 28 million boxes of cereal Friday because the plastic packaging smells bad and could be causing nausea and diarrhea. The recall affects Apple Jacks, Corn Pops, Froot Loops and Honey Smacks cereals.

Pabst is sold: C. Dean Metropoulos, a Connecticut tycoon, has bought Pabst Blue Ribbon, the working class beer that has turned trendy. Terms weren’t disclosed but apparently the $250 million price tag isn’t right.