The bid by Lehman’s Neuberger Berman team trumped a previous bid by two private equity firms, Bain Capital and Hellman & Friedman.


The shake-up at the world’s largest publisher of consumer books includes the resignations of two top executives.


General Electric said that it expects fourth-quarter profit to be at the low end of its previous guidance and warned that restructuring and other charges were likely to top $1 billion after taxes.


Boeing’s second-largest union voted to approve the company’s four-year contract offer, avoiding a second damaging strike at the plane maker’s Seattle-area plants.


Yahoo and MSN.


Japan’s Nikkei average tumbled 4.6 percent, dragged down by Honda Motor Co. and other exporters on a stronger yen as fears deepened about the global economy.


Stocks tumbled in Europe and most of Asia on Monday, as investors banked profits from last week’s rally and focused on a gloomy economic outlook.


Ryanair, Europe’s largest low-cost airline, offered to buy Irish rival Aer Lingus for $970.4 million — just half the price of its bid in 2006 which was blocked by European regulators.



To the Editor:.


 
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