Friendly Ice Cream Corp. (AMEX:FRN)
13D Filing by The Lion Fund
The Lion Fund has been targeting Friendly Ice Cream Corp for several weeks now after having acquired a 12.7% stake in the company and re-requesting a seat on the company's Board. The fund is well known for modeling its investment habits after Warren Buffet. FRN still trades under enterprise value with a strong cash flow.

Google, Inc. (NDAQ:GOOG)
8K Filing Watch
The journal reported that Google has entered talks to acquire YouTube in a deal valued at $1.6 billion. The article also noted that the talks are sensitive, in the early stages, and could fall apart.

Pogo Producing Co. (NYSE:PPP)
13G Filing by Robert Rowling
Texas billionaire Robert Rowling disclosed a 9.21% stake in the company today. Robert is an oil tycoon that made his money several years ago after selling his family's company to Texaco.