Newspaper wrap-up: Credit crisis catches up to Lehman Brothers

MAJOR PAPERS:

In a diversification move, Martha Stewart Living Omnimedia Inc (NYSE: MSO) will reportedly acquire the media and licensed properties of well-known TV chef Emeril Lagasse for $45M in cash and $5M in stock, according to the Wall Street Journal.
According to the Wall Street Journal's "Heard on the Street," the current quarter for Lehman Brothers Holdings Inc (NYSE: LEH) will not be good and it also has a sizable amount of commercial real estate loans which could lead to bigger write-downs. The latest estimates are of an approximate $1.3B write-down, above recent estimates, and higher than the $830M in the fourth quarter.

OTHER PAPERS:

The Australian Financial Review reported that General Electric Company (NYSE: GE) has emerged as a new contender for Allco Finance Group's transport leasing, property and power assets.

WEB SITES:

Motorola Inc (NYSE: MOT) is suing Research in Motion Limited (NASDAQ: RIMM) claiming the company violated seven U.S. patents covering mobile-communications technology, Bloomberg reported. Research in Motion also filed a suit against Motorola claiming the company infringed on Research in Motion patents.

Tags: Allco, Allco Finance Group, AllcoFinanceGroup, Emeril Lagasse, EmerilLagasse, GE, General Electric, GeneralElectric, LEH, Lehman Brothers, LehmanBrothers, Martha Stewart Living Omnimedia, MarthaStewartLivingOmnimedia, MOT, Motorola, MSO, Research in Motion, ResearchInMotion, RIMM, write downs, WriteDowns

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	59	0
2	Connie Madon	52	0
3	Steven Mallas	48	0
4	Steven Halpern	46	0
5	Mark Fightmaster	45	0
6	Zac Bissonnette	39	0
7	Tom Taulli	35	0
8	Sheldon Liber	29	0
9	Brian White	28	0
10	Tom Johansmeyer	27	0
11	Melly Alazraki	24	0
12	Paul Foster	24	0
13	Jim Cramer	23	0
14	Trey Thoelcke	23	0
15	Eric Buscemi	21	0
16	Brent Archer	20	0
17	Elizabeth Harrow	20	2
18	Jon Ogg	20	0
19	Michael Fowlkes	13	0
20	Jamie Dlugosch	13	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

KKR joins Bertelsmann in music rights venture New FDIC rules favor banks over private equity Investors pressure private equity funds to cut fees	Google to launch alternative to Windows Before the bell: Futures flat ahead of Alcoa earnings, G-8 summit Does Microsoft need to be concerned about Cisco's recent plans?
University of Florida pharmacy students must have iPhone or iPod Touch 7200RPM drives trouble some MacBook Pro owners with mystery beeps Hands on With RunPee for iPhone	Keep web sites out of your Firefox history with HistoryBlock Google begins using PDF viewer for search results Overlapr: Find your Twitter commonalities
Overmarine Mangusta 165 Superyacht for Sale at $40 Million Malibu Rum Offers Coral Reef Internship Meanwhile Ranch, Estate of the Day	Google to launch alternative to Windows Before the bell: Futures flat ahead of Alcoa earnings, G-8 summit U.S. Justice Department turns an eye on the telecoms