Beset by speculation that it did not having enough funding, Lehman Brothers said it was issuing $3 billion of convertible preferred shares.

Treasury Secretary Henry M. Paulson Jr. laid out a plan that would create a set of federal regulators with authority over all players in the financial system.

Wall Street closed a dismal first quarter with a moderate gain, with the Dow Jones industrials rising slightly after regional manufacturing numbers came in better than expected.

The Supreme Court said it could block New Jersey’s plan to build a huge gas-processing plant on its side of the Delaware River.

Euro-zone inflation accelerated to 3.5 percent in March, the fastest pace since 1992 and a level that may heighten inflationary concerns at the European Central Bank.

The US housing secretary says he will resign, after coming under pressure over allegations of cronyism.

Canceled flights and continued struggles with the with the new computerized baggage-handling system could cost British Airways up to $50 million, analysts said.

Auto parts maker American Axle is trying to force an end to the industry’s longest strike in a decade after increasing pressure from its largest customer, General Motors.

Global Radio says it will buy GCap Media, the owner of radio stations Classic FM and Xfm, in a £375m deal.

The shift to soybeans could help ease shortages of cooking oil, which have hit poor countries hard. But it could also make ethanol production more difficult for U.S. farmers.

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