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Bank of America has appealed a bankruptcy court order that it must pay Lehman Brothers Holding Inc about $595 million, according to court documents.

Creditors of Lehman Brothers Holdings Inc, including hedge fund Paulson & Co, may file a competing reorganization plan for distributing the bank's assets, a person familiar with the matter said.

Lehman Brothers Holdings Inc bondholders filed a rival plan to parcel out the bank's estimated $58 billion in assets in the largest U.S. bankruptcy reorganization on record.

The top pre-market NASDAQ stock market gainers are: Genoptix, Sanderson Farms, Infinera, Amgen, Ness Technologies, MannKind, Silicom, Comcast, NVIDIA, and Orexigen Therapeutics.

Barclays Capital upgraded rating of the data storage equipment maker NetApp, Inc. (NTAP) to 'overweight' from 'equal weight' and increased its price target to $67 from $56.

The top after-market NASDAQ stock market gainers are: Genoptix, Infinera, Amgen, Powerwave Technologies, Pixelworks, SmartHeat, Endwave, SuperMedia, Cytokinetics, and YRC Worldwide.

Scientific instruments maker Thermo Fisher Scientific said it agreed to acquire chromatography systems maker Dionex Corp. for about $2.1 billion to expand in Asia-Pacific regions such as China.

Barclays Capital initiated coverage of Imperial Oil with an overweight rating and a price target of C$46 per share, saying that the company's oil sands play has been undervalued by investors.

Barclays Capital increased its third quarter and full-year profit estimates for Research In Motion, citing strong demand for the company's latest Smartphone - BlackBerry Torch .

With the current round of [US quantitative easing] set to end in June 2011, and our US economics team now forecasting strong US economic growth in 2011 and 2012, we expect US real interest rates to begin to rise into 2012, says a new bullion report from former investment-bank Goldman Sachs.

Mexico’s economy expanded by 5.3 percent on an annualized basis, significantly below the 7.6 percent growth recorded in the second quarter, the country’s INEGI statistical office INEGI showed on M

Yields on municipal bonds has risen recently, with long-term yields rising more sharply than those on the short-end since the beginning of the November.

Key carriers AT&T, Verizon and T-Mobile officially announced their partnership to create ISIS, a national mobile commerce platform, to make mobile wallet a reality.

Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.

Manchester United travels to the Villa Park on Saturday to face Aston Villa in the English Premier League.

Macquarie Group begun cutting jobs late on Monday after warning of a 25 percent drop in first-half earnings amid weak markets, The Australian newspaper reported on its website on Tuesday, citing unnamed fund managers.

Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.

Two struggling units of Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, need hundreds of millions of dollars in capital to stave off failure that could cost Lehman billions, court documents show.

U.S. regulators did not grant Lehman Brothers the same assistance as its competitors, knocking out the possibility of an orderly unwind of the firm and aggravating the global crisis, former Lehman Chief Executive Dick Fuld said on Wednesday.

A law firm hired by the estate of Lehman Brothers Holdings Inc has demanded trading records, email and other material for all of 2008 from a few hedge funds and Goldman Sachs , the New York Times said.

General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering

Bankrupt U.S. auto parts supplier Visteon Corp is in talks with at least three bank groups on exit financing worth about $700 million

A healthier loan book drove higher second-quarter profits at Royal Bank of Scotland , echoing a pattern set by rivals' results this week, and the bailed-out group said its revival plan was on track.

Higher than expected profits from Barclays and Commerzbank failed to dispel concerns over the underlying health of Europe's top banks on Thursday.

Higher-than-expected profits from Barclays and Commerzbank failed to dispel concerns over the underlying health of Europe's top banks on Thursday.

Lower bad debts propelled higher-than-expected profits at Barclays and Commerzbank on Thursday, but ongoing regulatory and economic uncertainty reined in investor optimism.

British finance minister George Osborne urged the country's banks in a newspaper interview to use strong first-half profits to boost business lending rather than pay large bonuses.

The U.S. securities regulator was aware of Wall Street's potentially questionable accounting practice of classifying repurchase agreements as sales instead of borrowings long before the collapse of Lehman Brothers raised the issue, the Wall Street Journal reported on Wednesday.

No one ever said the Lehman Brothers bankruptcy case would be easy, or quick.