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TAKEOVERS: Raider League, Junior Division

When he was younger, Manny Pearlman planned to have his own investment firm. Now, at the advanced age of 28, he has one: Manhattan's Gemini Partners. And, as the newest and perhaps youngest player in the takeover game, he could have more companies in his pocket, soon. Last week Pearlman, acting on behalf of a group of investors, launched his first tender offer, a bid worth $240 million for Arkansas Best Corp. (1987 revenues: $732 million), a firm engaged in trucking as well as furniture and tire manufacturing.

A graduate of Duke and Harvard Business School, Pearlman worked two years for...

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DAVID CAMERON, British Prime Minister, on England's soccer manager, Fabio Capello, who resigned after challenging the FA's decision to strip John Terry of the captaincy; Terry denies a charge of racially abusing QPR's Anton Ferdinand
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