Deals of the Day: J.P. Morgan Wants to Break Up HBOS (at The Wall Street Journal Online)

By Stephen Grocer and Heidi Moore Mergers & Acquisitions Lehman Brothers: The firm is considering a sale of all or part of its Neuberger Berman asset management unit. Warning: this has been hinted at before and details are thin. [Reuters] Related: Why Lehman shouldn’t sell Neuberger: it needs the stable revenues. [WSJ Deal Journal] Harbinger Capital: The hedge fund and Cleveland-Cliffs’ largest shareholder is pushing the iron-ore producer to put itself up for sale and forgo its $10 billion deal for Alpha. The hedge fund effectively has enough power to block any transaction. [WSJ] It’s a bird, it’s a plane, it’s…Jamie Dimon: J.P. Morgan Chase has held talks with several interested parties about forming a consortium to break up HBOS. [Daily Telegraph] We don’t need no stinkin’ Yahoo: Steve Ballmer tried to put a good face on... [read full story]