Reuters Business Summary
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Lehman rescue hopes rise
LONDON (Reuters) - Expectations that a deal will emerge to save Lehman Brothers (LEH.N) mounted on Friday after its plunging share price prompted intensive talks with U.S. officials about rescue options. Lehman's shares added 4 percent to $4.40 in pre-market trading in New York as talk swirled that the bank would put out a statement before Wall Street opens. Lehman declined to comment.
Futures flat; Lehman buyout news, data awaited
NEW YORK (Reuters) - Stock index futures were little changed on Friday as investors awaited news on the fate of Lehman Brothers (LEH.N) after a slide in its stock this week heightened fears over whether the investment bank can survive. Bank of America Corp (BAC.N), the No. 2 U.S. bank, will likely win any auction for Lehman, said analyst Richard Bove of Ladenburg Thalmann.
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