China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Lehman may sell mortgages to new company: report
NEW YORK (Reuters) - Lehman Brothers Holdings Inc LEH.N may seek outside investors to fund a company that would buy the investment bank's commercial real estate assets, Bloomberg reported on Tuesday.
The new company would manage the assets, but Lehman may contribute some equity to the venture, to reap the benefits if the assets rise in value, the news wire reported, citing people familiar with the discussions.
Lehman had some $40 billion of commercial mortgages and real estate at the end of May.
Lehman may also decide to dispose of commercial and residential mortgage assets in an outright sale, Bloomberg reported.
(Reporting by Dan Wilchins; Editing by Brian Moss)
