Reuters - Lehman Brothers Holdings Inc has tapped bankruptcy expert Harvey Miller of Weil, Gotshal & Manges LLP to help carry out its possible liquidation, the Wall Street Journal said.

Reuters - The recently ousted chief executives of Fannie Mae and Freddie Mac are eligible for the pensions and 401k savings plans they built up while working for the mortgage giants, The Wall Street Journal said, citing a regulatory official.

Reuters - Federal Reserve policy-makers are expected to stop short of lowering U.S. interest rates at a meeting on Tuesday but could signal readiness to cut them quickly if needed to protect the economy from one of the most serious financial crises in decades.

Reuters - British bank Barclays is in talks with Lehman Brothers to buy its core U.S. broker-dealer business, including equity, fixed income, M&A advisory and other parts, people familiar with the matter said.

Reuters - American International Group Inc, thrown a $20 billion lifeline by New York state, came under renewed pressure on Tuesday as ratings agencies downgraded the insurer's debt and the financial sector meltdown spread.

AFP - The Bank of England failed to avert a banking-led slump on the London stock market on Monday despite pumping billions of pounds into money markets after the collapse of US giant Lehman Brothers.

Reuters - A radical shake-up on Wall Street and heavy losses in financial markets have recast the debate for Tuesday's Federal Open Market Committee meeting to set interest rate policy.

Reuters - The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, though the writing has been on the wall long enough for many to have reduced their exposure to the U.S. investment bank.

Reuters - Stocks slid on Monday on cascading fears about the stability of the U.S. financial system after investment bank Lehman Brothers filed for bankruptcy and concerns grew about insurer AIG.

Reuters - Bank of America Corp's $50 billion acquisition of Merrill Lynch & Co Inc marks the end of a storied name in American finance, but also creates the nation's biggest bank by far.

Reuters - Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry.

Reuters - Retailers in the Houston area scrambled on Sunday to stock shelves and open stores forced to close, as they tried to meet high demand for emergency supplies in the wake of Hurricane Ike.

AP - Stocks finished another volatile session narrowly mixed Friday, as gains in the energy, utilities and materials sectors offset some of Wall Street's angst over the fate of Lehman Brothers Holdings Inc.

Reuters - U.S. securities regulators plan to take action on abusive short selling of stock before the end of the week, a source briefed on the matter said on Monday.

Reuters - Ten of the world's biggest banks on Sunday committed to establish a $70 billion borrowing facility to bolster worldwide liquidity and reduce volatility in what they called an "extraordinary market environment."