Wall Street Hubbub 7/28: A CMBS Deal?, Peltz Has Some Advice for Family Dollar (FDO), Sumner Redstone Likes 'Em Young, BP Insider Trading?

Rumors, gossip and scuttlebutt run amok on Wall Street every day. Here is a run-down of what trading desks are talking about today:

• Goldman Sachs (NYSE: GS) and Citigroup (NYSE: C) are selling $788.5M in bonds backed by commercial mortgages as they try to revive the left-for-dead market, Bloomberg reported.
  
  
• California Pizza Kitchen Inc. (Nasdaq: CPKI) jumped over 8 percent on renewed takeover speculation. In April 2010, CPKI said that in may pursue a possible sale among exploring other financial and strategic alternatives.
  
  
• Peltz's Trian disclosed a new 6.6% stake in Family Dollar Stores, Inc. (NYSE: FDO) and noted he held talks with the CEO about improving sales per sq. foot, utilizing its capital structure and creating value.
  
  
• Viacom (NYSE: VIA) (NYSE: VIA.b) founder and Chairman Sumner M. Redstone gave a job to an inexperienced party girl and gifted here 2,522 shares of Class B Viacom stock that she sold in March for just under $77,000. More of the crazy story at DailyBeast
  
  
• Private-equity like hedge fund Blue Harbour Group disclosed a new 5.2% stake Jack in the Box Inc. (Nasdaq: JACK) and could shake things up at the burger joint.
  
  
• Mosaic Co. (NYSE: MOS) is seeing interest today on renewed speculation BHP (NYSE: BHP) could target the company in a takeover. Shares are up 3.5 percent.
  
  
• SLM Corp (NYSE: SLM), or Sallie Mae, is considering a possible breakup, according to reports from the New York Post.
  
  
• In addition to Goldman Sachs (NYSE: GS), Citigorup (NYSE: C) is moving traders around to comply with the Volcker Rule.
  
  
• CNBC's Kate Kelly is reporting that the SEC is looking at trading in BP (NYSE: BP) shares between April 20 and late-June. Kelly said that to her understanding, the probe is informal.
  
  
• Research In Motion (Nasdaq: RIMM) could discuss the new BlackBerry 6 at a special event on August 6, according to analysts at Kaufman Bros

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