Lone Star Funds to take over IKB

Yahoo defends Microsoft decision
In the face of shareholder opposition, Yahoo defends its decision not to do a deal with Microsoft.

Korea frees Lone Star executive
Texan private equity firm Lone Star is cleared of rigging shares by a South Korean appeals court.

Shareholder sues Lehman Brothers
A shareholder sues Lehman Brothers accusing it of misleading investors over its sub-prime exposure.

Societe defends stand on fraud
French bank Societe Generale faces shareholder criticism over its handling of an insider trading scandal.

Flowers bid for Friends may wilt
Private equity firm JC Flowers warns Friends Provident it will walk away from a bid for insurer unless it opens talks with it by Friday.