And in the real world... Volkswagen, Marks & Spencer, Lloyds, BAA, Boots and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

The family owners of Germany's Porsche scrambled on Monday to bring stalled merger talks with Volkswagen back to life.
Source: Financial Times

Marks & Spencer's boss, Sir Stuart Rose, looks set to cut the dividend for the first time in eight years as he attempts to place the retailer on the road to recovery.
Source: Daily Mail

Lloyds Banking Group is to push ahead with a £4 billion placing, as its shares soared on the first day of trading after its chairman, Sir Victor Blank, announced his decision to quit the group.
Source: The Independent

BAA is appealing against the Competition Commission's ruling that it must sell three airports, citing an "apparent bias" from links between a member of the commission's panel and one of the groups bidding for Gatwick.
Source: The Independent

Alliance Boots said today that sales of its new anti-ageing cream had got off to an impressive start as it announced it would cut 200 jobs in Britain.
Source: The Guardian

Motoring groups, such as Ford and Honda, have said the Government's long-awaited scrappage scheme had turned into a "dog's dinner" after two leading car-makers pulled out of today's shambolic launch.
Source: The Guardian