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NEW YORK (CNNMoney.com) — Failings by Lehman Brothers executives and its auditor led to the bank collapse that unleashed the worst of the financial crisis, according to a report by a court-appointed investigator.

Lehman “repeatedly exceeded its own internal risk limits and controls,” and a wide range of bad calls by its management led to the bank’s failure, says the report, authored by examiner Anton Valukas.

Full Story at news.yahoo.com

SEATTLE – Boeing Co.’s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 mph, the company said.

At 250 feet long, the plane is the largest Boeing has ever built and about 18 feet longer than the existing 747-400 jumbo jet. The company conducted taxi tests on the freighter Saturday at Paine Field in Everett, north of Seattle.

“Based on early indications, the airplane is ready to fly,” said Mo Yahyavi, the 747 program’s vice president and general manager.

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Job losses during the recession may have been underestimated by close to a million jobs. So instead of employers cutting just over 7 million jobs from their payrolls since the economic downturn began in December 2007, it’s expected that the Labor Department’s new estimate will be a loss of 8 million jobs.

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NEW YORK (CNNMoney.com) — The auto industry couldn’t be happier to have 2009 in its rearview mirror at long last.

Industrywide U.S. sales are likely to be down more than 20%. The final figures for the year will be reported Tuesday. The combination of tight credit and soaring unemployment sent sales to their lowest levels since World War II when adjusted for population.

Full Story at msnbc.com

LOS ANGELES – Moviegoers have shown a willingness to be entangled by Spider-Man’s web over and over again. Now, as Disney prepares to buy the comic-book powerhouse Marvel, it faces the question of whether fans will also get attached to characters as obscure as Ant-Man and Iron Fist.

The Walt Disney Co. is making a $4.2 billion bet that they will as it nears completion of its acquisition of Marvel Entertainment Inc. this week.

Full Story atmsnbc.com

CHICAGO – McDonald’s Corp. will begin selling a variety of breakfast items for $1 early next month, a spokeswoman for the world’s largest hamburger chain said Thursday.

The move to add to its already popular dollar menu comes as McDonald’s tries to fight a decline in U.S. sales, which have slipped following months of success when its cheap eats were a big draw for recession-strapped diners.

On tap to be added to the menu, which already includes eight items for lunch and dinner time, are the company’s Sausage McMuffin, a sausage burrito, a sausage biscuit, a small coffee and a hash brown.

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NEW YORK (Money) — Question: I’m very worried that we may see another stock market correction. Since the market low of early March, my 401(k)’s value has risen 77%, which seems like an awfully large jump. So last week I moved the majority of my investments into bond and money-market funds, although I did leave 50% of my international holdings intact. Do you think I jumped too soon? –Rick G., Corona, Calif.

Answer: I don’t think the question is whether you jumped too soon, but whether you should be jumping at all.

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Broadpoint AmTech’s Brian Marshall, who has replaced Piper Jaffray’s Gene Munster as the most bullish of the mainstream Apple analysts, made several assertions of fact in an Bloomberg TV interview Friday that — if true — struck me as newsworthy. Chief among them:

* The contract that gives AT&T (T) exclusive access in the U.S. to Apple’s (AAPL) iPhone expires in June 2010.
* Apple is now getting a $450 subsidy from AT&T for each iPhone it sells; after June, that subsidy will be reduced to $300 for all carriers, domestic and international.
* The 4% of AT&T subscribers who use the iPhone consume roughly 40% of the network’s bandwidth.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — McDonald’s plans to open 1,000 new restaurants next year and renovate 2,300 existing locations.

At a meeting of company investors on Thursday, the fast-food giant said it would focus on opening new restaurants primarily in the U.S., Germany, France, Russia, China and Australia.

Specifically, McDonald’s plans for 150 new U.S. locaions plus: 260 in Europe; 490 across Asia, the Middle East, Africa and Australia; 80 in Latin America; and 20 in Canada.

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NEW YORK (Fortune) — Is the Fed about to hit the brakes on the Wall Street gravy train?

A year after they survived the financial meltdown with considerable taxpayer help, Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) stand to spend $35 billion combined this year on employee compensation.

The average Goldman worker is on track to take down more than $600,000 in pay and perks — in line with levels from 2007, before the economy cracked.

Full Story at msnbc.com

SEATTLE – Boeing Co. will open a second assembly line for its long-delayed 787 jetliner in South Carolina, expanding beyond its longtime manufacturing base in Washington state to take advantage of economic incentives and a nonunion work force.

The Chicago-based airplane maker said Wednesday it chose the site in North Charleston over Everett, Wash., because it best suited plans to boost production of the highly anticipated jet, designed to carry up to 250 passengers.

The decision ended an interstate competition for the huge factory, with South Carolina prevailing over the state where Boeing has built airplanes for decades. It hands South Carolina production of a plane crucial to Boeing’s future but one plagued by problems stemming partly from the company’s reliance on suppliers spanning the globe.

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — Microsoft Corp.’s stock soared early Friday after the software giant reported quarterly sales and profit that fell from year-ago results but easily beat Wall Street’s forecasts.

Shares of Microsoft (MSFT, Fortune 500) rose more than 10% in early trading. It surged as high as $29.35 at the open, hitting its highest level, on an intraday basis, since June 13, 2008.

The Redmond, Wash.-based software giant said its first-quarter net income fell 18% to $3.6 billion, or 40 cents per share, for the period ended Sept. 30. Analysts polled by Thomson Reuters were expecting earnings of 32 cents per share.