Citi says Lehman has ample liquidity

Lehman Brothers Holdings Inc has ample liquidity to run its business and will generate positive earnings and grow book value per share this year, said Citigroup analyst Prashant Bhatia, who upgraded the

US Personal income up more than expected

U.S. personal income rose more than expected in February as the economy teetered on the brink of a possible recession, while both personal spending and a key price measure increased only slightly,