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Monday Papers: Barclays pulls out of talks to save Lehman -- bid news and gossip

by Phil Cozens on Sep 15, 2008 at 06:54

 * Barclays pulls out of talks to save Lehman Brothers as bailout founders on US guarantees

 * Bank of America holds talks to buy Merrill Lynch in $40 billion share deal

 * AIG has asked buy-out investors KKR, TPG and JC Flowers to raise $10-$20 billion in equity, as part of an emergency plan to shore up its balance sheet

 * Government to commit £60 million in financial support to GKN as part of its deal to acquire a large part of the Airbus manufacturing plant at Filton

 * Electronic Arts abandons talks over a deal to buy rival video game maker Take-Two Interactive Software

 * UBS is trying to strike a settlement over alleged breaches by its offshore private banking unit for rich Americans

 * Mike Ashley puts Newcastle United up for sale

 * General Motors to expand its bailout of Delphi, its biggest parts supplier, to $10.6 billion

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