Lehman Talks With Neuberger About a Deal.

Reports that Lehman Brothers Holdings Inc. is in advanced discussions to purchase investment manager Neuberger Berman Inc. Value of the proposed sale, which is seen as a way for Lehman to propel itself beyond its traditional trading and underwriting of bond, setting it up to compete more aggressively with rivals such as Merrill Lynch & Co. and Morgan Stanley; Comments from Richard Fuld, chief executive officer of Lehman, who has been criticized for relying to much on the bond market and seeks to diversify its revenue stream; View that Lehman is reversing its strategy of distancing itself from individual investors.