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Lehman fate in balance as talks extend to third day

NEW YORK/WASHINGTON (Reuters) - Regulators and bankers failed on Saturday to reach a deal to end the crisis at investment bank Lehman Brothers, and emergency talks were extended to a third day as authorities seek to calm jittery financial markets.



Regulators set to review Fannie, Freddie exit pay

WASHINGTON (Reuters) - Financial regulators have decided how multi-million dollar severance packages for the departing chief executives of mortgage giants Fannie Mae and Freddie Mac could be limited.


Wide financial sector fears to drive market

NEW YORK (Reuters) - Even if the fate of Lehman Brothers is resolved this weekend, Wall Street is likely to remain on edge next week because of fears over the health of other big financial companies.


Berlusconi calls on unions as Alitalia faces abyss

ROME (Reuters) - Italian Prime Minister Silvio Berlusconi called airline unions to emergency talks on Saturday evening in a last-ditch effort to save national flag carrier Alitalia from collapse.


EADS denies backing out of U.S. tanker contest

BERLIN (Reuters) - Airbus parent EADS denied on Saturday it was thinking of abandoning efforts to supply air tankers to the United States after a German weekly reported it was threatening to walk away from the fraught tender process.


India's Nano car deadlock continues as talks fail

KOLKATA, India (Reuters) - Indian political activists opposing a car plant to build Tata Motors' super-cheap Nano car threatened fresh protests on Saturday after talks with the government failed to break a deadlock, officials said.