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The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    KDB seeking control of Lehman for $6 billion: report

    SEOUL
    Wed Sep 10, 2008 3:03am EDT
    A car entering the headquarters of Korea Development Bank (KDB) is reflected in a KDB logo, in Seoul September 4, 2008. REUTERS/Jo Yong-Hak

    SEOUL (Reuters) - State-run Korea Development Bank is seeking a controlling stake in Lehman Brothers for about $6 billion, Yonhap reported on Wednesday, citing a high ranking KDB official.

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    South Korean news agency Yonhap quoted the unnamed official as saying the two sides were negotiating and the deal's size was larger than the 25 percent stake mentioned in previous reports.

    (Reporting by Cheon Jong-woo; Editing by Keiron Henderson)
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