The backlash erupted in the U.K., amid speculation that Gazprom was interested in purchasing Centrica, a British gas company.
Instead, Lehman shares got kicked down the stairs late Monday, dropping nearly 12% amid speculation that the U.K. banking group Barclays would make an offer to buy it--at a below-market price.
Instead, Lehman (nyse: LEH - news - people ) shares got kicked down the stairs late Monday, dropping nearly 12% amid speculation that the U.K. banking group Barclays (nyse: BCS - news - people ) would make an offer to buy it--at a below-market price.
But amid public criticism of high 401(k) fees, rivals screamed price-fixing.
FORBES: Fidelity 401(k) Price-Fixing Scheme Cost Retirement Savers Plenty
The U.K. government ordered the inquiry in July amid a public outcry over a scandal at News of the World involving interception of mobile-phone voice mails of crime victims, politicians and celebrities in pursuit of scoops.
WSJ: Singer Charlotte Church Alleges Trade-Off With Murdoch Papers
The U.K.-based bank's effort to settle comes amid a swirl of global banking scandals and rising antibank sentiment in election-year Washington.
His intervention comes at a time when the U.K. economy has flat-lined for three years and amid speculation that the Treasury is considering a change to the BOE's inflation target.
National Australia Bank rose 1.9 percent amid speculation that Spanish banking giant Santander was considering a bid for its U.K. business.
They may not look inspiring, but deep in the recesses of their brains they have these little ideas--a fast-food restaurant concept no one has ever anticipated, an assembly-line innovation that can lower production costs by 50%, a retirement-plan wrinkle to save everyone's 401(k)--and, someday, assuming they can find their toothbrushes amid the stash of moisturizing-cream bottles in their travel bags, they are going to realize their dreams.
Lawmakers from the U.K., France and Australia are trying to squeeze more tax revenue from such companies amid concerns that complex corporate structures are depriving their countries of taxes they believe are due.
WSJ: Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds
Investors rushed into German and U.K. bond auctions, as they continued to show a strong appetite for assets considered to be safe amid continued worries about the euro-zone debt crisis.
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