Tuesday Papers: Harbinger Capital to halve Inmarsat holding - tips, comment and bids

* AIA IPO - AIG is to list its AIA Asian arm for $5bn less than the failed Pru deal.

* Swiss banks - The “Swiss finish” reveals the high cost of reputation management.

* Sara Lee in play - The food conglomerate seems an unlikely choice for a buy-out.

* Microsoft - Company’s dominance of the PC era may not extend into the next one.

* US drug policy - Cash shortfalls are proding policy towards legalising and taxing drugs.

* UniCredit - New chief executive must convince investors he is more than a stopgap.

* Vimpelcom / Orascom - A merger between Naguib Sawiris’ telecoms empire and Vimpelcom makes sense.

Lombard

* City’s ethics awareness lessons must percolate down.

Global Insight