Wall Street Hubbub 7/27: Does Kirk Want All of MGM (MGM)?, M&A in Oil&Gas Heats Up (HES), Goldman (GS) Looks to Sidestep Volcker Rule

With money on the line, rumors thrive on Wall Street. Below is the latest juicy gossip circulating the Street:

• MGM Resorts (NYSE: MGM) is on the move on rumors large shareholder Kirk Kerkorian could take the company private.
  
  
• With M&A in the oil and gas sector heating up due to BP's (NYSE: BP) asset sales, investment bankers are pitching other deals as well. Talk today centers around Hess Corporation (NYSE: HES) as being a nice strategic fit for a major oil company.
  
  
• Fox Business Network's Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) has moved about 50% of its proprietary trading operations to asset management in order to get around the so-called Volcker Rule.
  
  
• Oracle's (Nasdaq: ORCL) Larry Ellison topped the list of best-paid executives during the past decade, receiving $1.84 billion in compensation, the WSJ reported. IAC/InterActive (Nasdaq: IACI) and Expedia.com's (Nasdaq: EXPE) Barry Diller was number two receiving roughly $1.14 billion.

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