GOSSIP: Today's Wall Street Buzz in 60 Seconds

ING has cut 5% of its U.S headcount in preparation for an IPO. The company began laying off 400 people yesterday.

Blackstone's senior managing director thinks that Warren Buffett criticizes leveraged buyout firms because it furthers his own agenda as their rival.

The number of corporate insiders selling their shares overtook the number of them buying by the largest margin since March '06. Microsoft's Steve Ballmer, for example, offloaded $1.3 billion in shares.

Set your DVRs! Billionaire Henry Kravis is going to be profiled tonight on Bloomberg's Game Changers series. Richard Beattie, John Mack and Ace Greenberg are interviewed for the episode.

Goldman Sachs might REALLY be pulling $120 million out of Phil Falcone's embattled hedge fundbecause Harbinger stole a Goldman star trader last year, Omar Asali.

Non-Wall Street Bonus

Supermodels were in abundance in New York last night for the Victoria's Secret fashion show. Katy Perry and Akon performed.

Rumors are circulating that Prince William is very close to proposing to long-term girlfriend Kate Middleton

CHART OF THE DAY: AOL's Ad Business Is Actually Starting To Stabilize

It may not look pretty, but this chart shows AOL's core display-ad business is actually stabilizing a bit.

Yes, the overall revenue picture is as bleak as ever (search and subscribers are still tanking). But, just below that, the domestic display ad business is up slightly from last quarter. (Year over year, it's still down.)

Tim Armstrong still has a long ways to go before he hits his promised target of double digit growth in the display business. But for a company that has done nothing but disappoint everyone for a decade, this is an encouraging sign.

Read more: http://www.businessinsider.com/chart-of-the-day-aol-revenue-2010-11#ixzz14GwGMumC

Congratulation to Yvonne -Win 3rd New Agent for first 3 Months challenge