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The Deal's editor at large Matt Miller sits down with editor in chief Robert Teitelman for a candid interview on the European Union summit in Brussels and why a conversation on the ailing Continent's economy is being spearheaded by the EU. Miller and Teitelman also chat about Greek austerity, contagion and the American perception of what's happening in Europe, which Teitelman calls an "historical moment." For more insights from Teitelman, check out The Deal Economy 2012 blog. - Sarah Hashim-Waris

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