Lehman Brothers Holdings Inc. (LEH)

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0730 ET 12Jan2009-South African company may buy Lehman unit

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An investment company controlled by South African billionaire Johann Rupert

is in talks to buy the merchant banking unit of Lehman Brothers. (News) No

formal agreement has been made, but the company said it was in discussions to

take an interest in the funds and possible the management. For more see

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0724 ET 12Jan2009-FDIC may have $10 bln IndyMac exposure: NY Post

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The Federal Deposit Insurance Corp may have up to $10 billion in previously

unknown liabilities tied to mortgages that failed lender IndyMac sold to Fannie

Mae, according to a report in the New York Post. Such a liability to the FDIC's

$34.6 billion insurance fund would leave it less able to deal with the number

of bank failures that are expected in 2009, the paper said.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0717 ET 12Jan2009-Obama may reach decision on rest of TARP funds

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President-elect Barack Obama is considering whether to seek additional

funds from the government's TARP program. If Obama does request for the funds

to be used, they would be put in place soon after he takes office on Jan. 20.

Massachusetts Sen. John Kerry said a decision would be reached soon.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0710 ET 12Jan2009-Citigroup moves closer to selling Smith Barney

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Troubled bank Citigroup Monday moved closer to joining its Smith

Barney unit with Morgan Stanley, according to sources familiar with the

matter. The move would create the largest retail brokerage in the world.

Shares of Citigroup closed Friday at $6.75.

0704 ET 12Jan2009-Economic indicators for Jan. 12

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Economic indicators on tap for Monday include U.S. employment trends.

For details, see

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0658 ET 12Jan2009-Earnings diary for Jan. 12

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Companies scheduled to report quarterly results on Monday include Alcoa Inc , A. Schulman, Dynatronics, Wegener and

People's Educational Holdings.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

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