WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES
FEARS MOMENT PASSED FOR LIBYA INTERVENTION
The UK and France have lost all hope of launching military action to halt Muammer Gaddafi’s attack on rebels in Libya, according to senior European officials who acknowledge the regime may be in a position to crush the uprising within weeks.

CAMERON RULES OUT TORY RETREAT ON HEALTH REFORM
There will be “no retreat” on the government’s plans for the National Health Service, the prime minister has told Conservative MPs, as the British Medical Association compounded the government’s political difficulties by demanding that the bill to implement them be dropped.

The Daily Telegraph
GALLEON'S RAJ RAJARATNAM “TOLD OF BANK DEAL TALKS”
Hedge fund manager Raj Rajaratnam was told in mid-2008 of boardroom talks at Goldman Sachs about whether takeovers of Wachovia or AIG made sense, jurors have heard at his criminal trial. Prosecutors played a secretly recorded call between Mr Rajaratnam and Rajat Gupta.

SPORT WILL TAKE 3D TV MAINSTREAM, SAYS AVATAR DIRECTOR
Sport is what is going to bring 3D into the home but the current means of delivery is a poor business model, says Avatar creator James Cameron and James Murdoch, the chief executive of News Corporation in Europe and Asia.

THE TIMES
‘HEADS MUST ROLL’ AT ‘AMATEURIST’ RENAULT
Renault’s attempt to draw a line under its bungled response to bogus allegations of industrial espionage that cost three innocent executives their jobs appeared likely to fail today as the French Government stepped up pressure for high level resignations.

LLOYDS BOWS TO INVESTORS OVER BONUS FOR EX-CHIEF
Lloyds Banking Group is understood to have all but ruled out paying former chief executive Eric Daniels a bonus for this year after shareholders objected to any payment. Mr Daniels was replaced on 1 March by former Santander boss António Horta-Osório.