Barclays Buys Lehman Assets
Roughly a third of Lehman's employees will get to hold on to their jobs: "Barclays PLC has reached an agreement to buy the U.S. investment bank and capital-markets businesses of Lehman Brothers Holdings Inc. and as many as 9,000 Lehman employees will find jobs with the U.K. bank, according to people familiar with the situation." The deal will go before a New York bankruptcy court judge at 5 p.m. today; an official announcement won't be made until tomorrow morning. [WSJ]