This weekend in business and legal news:
A new Lehman board, made up of seven experts in restructuring, real estate and derivatives who lack Lehman ties, will oversee the liquidation of tens of billions of dollars in assets for the benefit of Lehman creditors.
The U.S. auto industry is seeing demand recover faster than anticipated, with carmakers headed toward their best annual performance in three years at sales of 12.8 million vehicles.
Commercial Metals, a metal recycler, rejected a proposed takeover by the billionaire investor Carl C. Icahn, calling his offer, which values the company at $1.7 billion, a “bargain basement price.”
SAP to buy SuccessFactors for $3.4 Billion — The deal is the latest in a flurry of takeover activity in the cloud-based enterprise software sector.
Justice Dept. approves Google’s roughly $400 million acquisition of Admeld, the online display advertising company.
The gap between rich and poor is widening according to the Organization for Economic Cooperation and Development.
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