3:10 PM -- The shopping spree continues. Levered buyouts -- in which an investment partnership uses a combination of cash and debt to prey on slow-moving, unsuspecting targets (think Cheetah attacking a water buffalo) -- appear to be spreading globally.

Where's the new action? Look for some deals in India, and possibly South Korea. Here's just a sampling of the potential action from today's headlines:

— R. Scott Raynovich, Editor in Chief, Light Reading