Rudy Takes a Breather

LAW
• Now that he's dropped out of the White House race, Rudy Giuliani plans to decompress before he starts lawyering at Bracewell & Giuliani. [Texas Lawyer]
• Oh, snap! Skadden is so not pleased about the hottest-female-associate contest that took place on the Skadden Insider blog. [Law.com]
• Perhaps Covington & Burling should have consulted its client Major League Baseball before agreeing to represent pitcher Roger Clemens. [American Lawyer]

FINANCE
• Gambino Stadium? Gotti Field? If New York's mob families rework their business models, they could make a fortune from selling their naming rights. [NYT]
• Well played, Carl Icahn! Could the billionaire financier be just the kryptonite that Alliance Data Systems needs to get the billion-dollar Blackstone deal wrapped up? [WSJ]
• Harry Macklowe is facing foreclosure (he was just served notice for defaulting on a portion of over $7 billion in debt) on the seven Manhattan buildings he owns. [WSJ]

MEDIA
• Celebrity magazine circulation is down, but US Weekly's circulation is up 10 percent. OK! is doing just fine, too. Thanks, Britney. [NYT]
• Two CBS reporters are missing in Iraq after they were kidnapped from their hotel by 20 armed men in uniforms. [WP]
• O.J. Simpson's sports agent plans to publish a book called How I Helped O.J. Get Away With Murder. Seriously, will the O.J. books ever die? [NYO]

FASHION
Daily Intel will no longer be running fashion links in Company Town. For your full fix of news, gossip, and pictures, just hop on over to New York's new fashion blog, The Cut.