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President Obama on Friday night, Feb. 3, said he would nominate William Baer, a former top Federal Trade Commission competition official, to be Christine Varney's replacement as assistant attorney general for antitrust.

Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
Apax Partners offers $1.1 billion for Rue21, the same teenage fashion chain it took public in 2009. More video