Examiner: Lehman Torpedoed Lehman

Buffett's Pay: Steady at $175,000

Berkshire Hathway. kept Chairman Warren E. Buffett's total compensation at $175,000 in 2009, in line with his relatively modest pay over the years. His company stake, however, is in the billions.

Crude Carriers, Aveo IPOs Fall

Two U.S. initial public offerings fell on their debuts, underscoring the uncertainty surrounding the new-issues market.

BP Seals $7 Billion Offshore Brazil Deal

The British oil giant agreed to acquire a big swath of oil assets from Devon Energy for $7 billion, in a deal that will vault BP into the hot new oil region off the shores of Brazil.

• Heard: BP Sambas Up With Devon Deal
• The Source: BP and The One That Got Away

Bank of China Plans Growth

Bank of China's chairman said he wants to grow aggressively overseas but isn't interested in acquisitions, a sign that China's banks remain wary of investing in foreign financial institutions.

Old Mutual to Sell U.S. Units

Old Mutual said it is planning to partially list its U.S. asset-management arm and dispose of its U.S. life business.

Psychiatric Solutions, Bain in Talks

Psychiatric Solutions, a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by Bain Capital.

Trans-Atlantic Defense Deals Falter

Northrop and EADS's decision to drop out of a $40 billion competition to build aerial-refueling tankers for the Air Force is the latest example of how trans-Atlantic defense ventures have faltered.

Rattner in Talks to Settle Probe

The Wall Street financier and former auto czar is in settlement talks to resolve his role in the "pay to play" investigation at the New York state pension fund.

• Ex-N.Y. Deputy Comptroller Pleads Guilty

Where Is GMAC Exit Strategy? Asks Panel

The U.S. Treasury Department has no clear plan to exit its investment in in the financial-services company, raising the specter of billions in potential losses, a congressional watchdog said in a report.

Nan Shan Deal Funding Probed

Taiwan's government said it is planning to decide on whether it will approve a Hong Kong consortium's long-awaited bid to buy AIG's Taiwan unit by the end of June.

CA to Buy Nimsoft for $350 Million

CA said it would pay $350 million in cash to acquire privately-held Nimsoft, a move underscoring the business software maker's efforts to expand its sales with smaller and mid-sized companies.

A Less Boisterous IPO Mood

Ten years after Nasdaq hits its peak on the eve of the technology crash, a cautious mood still prevails among Silicon Valley investors.

Helmsley Estate Sells Manhattan Hotel

The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

China Mobile to Buy Bank Stake

China Mobile said it agreed to buy a 20% stake in Shanghai Pudong Development Bank for $5.83 billion as the mobile operator seeks to expand into mobile payment services.

Terra Now Favors Deal With CF

Yara's board is expected to meet Thursday to discuss whether to continue its takeover bid for fertilizer maker Terra, which said it now favors an offer by CF.

Swaps Are Under Fire

Momentum is building for stricter oversight of derivatives trading, as a top U.S. regulator recommended new limits on credit-default swaps and European leaders pushed for a ban on speculative bets against government debt.

• News Hub Video: Cracking Down on Swaps
• Vote: More regulation for credit default swaps?
• Opinion: Athens and the 'Speculators'
• WSJ.com/GreekDebt: Analysis, video, graphics

Hynix Creditors Pick Stake-Sale Managers

Creditors of Hynix Semiconductor have selected six lead managers for the sale of a roughly 7% stake in the chipmaker, raising hopes that the sale would happen sooner than expected.