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NEW YORK (Reuters) - Lehman Brothers Holdings Inc, an investment bank beset by rumors of not having enough funding, said it plans to raise $3 billion of capital.
Lehman’s shares fell nearly 5 percent in aftermarket trading to $35.85, after the planned offering of convertible preferred shares was announced.
Lehman said in a statement that it has [...]

WASHINGTON (Reuters) - Treasury Secretary Henry Paulson revealed sweeping plans on Monday for streamlining a hodgepodge of regulations that are blamed for allowing the U.S. mortgage crisis to balloon into a full-blown economic threat.
The proposals, in the form of a 218-page “blueprint” that was started before markets unraveled last August, offer no quick fix for [...]

Turkey’s constitutional court has decided unanimously that it can hear a case aimed at closing down the country’s governing AK Party.
The chief prosecutor earlier filed a petition calling for the party to be closed for “anti-secular activities”.
He also wants dozens of its members, including the prime minister and president, to be banned from politics.
The case [...]

The Zimbabwe Electoral Commission has begun the announcement of official results of presidential and legislative elections by releasing the first batch of parliamentary seats results.
A delay in issuing the results from elections held on Saturday has led to further accusations of vote-rigging by Robert Mugabe, the country’s president.
The opposition Movement for Democratic Change (MDC) and [...]

WASHINGTON (Reuters) - The U.S. housing secretary will resign Monday morning under pressure after accusations of improper allocation of federal contracts, the Wall Street Journal reported in its Monday edition.
Housing and Urban Development Secretary Alphonso Jackson will step down on Monday morning, the paper reported. The department announced late Sunday that Jackson will make a [...]

The long-awaited “open skies” agreement between the US and European Union is coming into effect, aiming to open up trans-Atlantic air travel.
The deal ends limits on which airlines can fly between the US and EU, and it is expected to lead to a large rise in the number of carriers on the routes.
However, changes at [...]

The Italian government has recalled from sale the mozzarella cheese linked to dioxin contamination.
Italy’s health ministry said the affected cheese came from 25 producers in the Campania region near Naples, where buffalo mozzarella is made.
France has now lifted a ban on sales of Italian buffalo mozzarella. In the UK, officials said there was no immediate [...]

Amr Moussa, the Arab League chief, wants foreign ministers of the group to re-evaluate the Arab-Israeli peace talks.
Moussa said this at Saturday’s opening of the Arab summit in Damascus, where Bashar al-Assad, Syria’s president, asked how long Arab nations can keep offering Israel a land-for-peace proposal.
The two-day meeting started amid a Lebanese boycott and the [...]

BEIJING (Reuters) - China offered to pay compensation to the families of the civilians it says died in violence in the Tibetan capital this month, as Beijing kept up an intense propaganda campaign in the wake of the unrest.
Pressure grew from abroad for China to respect human rights in its response to continuing pockets of [...]

WASHINGTON - The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.
The central bank said it would make $50 billion available at each of two auctions, on April 7 and April 21.
Through the end of March, [...]